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Sandton: Underwriting Intern – 12 Months

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Job Description

About the Role

We are seeking an Underwriting Intern to join our team in Sandton for a 12-month period. As an Underwriting Intern, you will have the opportunity to gain valuable experience and skills in the underwriting process, while contributing to the growth and development of our company.

Key Responsibilities

  • Strategic Alignment: Increasing capacity and knowledge of company business to tap into whenever needed.
  • Underwriting Management: Participate in reviewing terms and conditions of products and regulations/policy wordings to ensure relevance and updates.
  • Loss Ratio Monitoring: Monitor and report multi claimants and loss ratio movement per class of business.
  • Email Support: Handle e-mail queries from stakeholders.
  • Market Research: Conduct research on possible new products and enhancement of existing ones through interactions with the market.
  • Website Review: Participate in reviewing product information on our website to ensure its relevance.
  • Client/Staff Relationships: Understand and adhere to client and staff relationships through individual contacts and group meetings.
  • Professional Development: Pursue professional development opportunities, including external and internal training.
  • Risk Management: Contribute in identifying emerging risks and establishing required controls to mitigate Underwriting risk.
  • Ad Hoc Tasks: Perform any reasonable ad hoc tasks as and when required by the organisation.

Requirements

  • BCom in Business Management, Risk Management or Insurance
  • National Senior Certificate/Matric

Qualifications

None specified

Salary & Benefits

Not mentioned

How to Apply

Click the green “Go Apply” button below to apply directly online with the employer.

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About Accounting / Finance Jobs in North Johannesburg

North Johannesburg is home to a thriving financial services sector, with many multinational companies having operations in the region. Typically, the accounting and finance industry in this area experiences steady demand for skilled professionals, driven by the growth of the economy and the need for organisations to maintain accurate financial records and make informed business decisions.

When it comes to salaries, typically the range for accounting and finance positions in North Johannesburg is quite broad, with experience, company size, and industry sector all playing a significant role in determining actual salaries. Generally, junior positions in this field can expect salary ranges of around R400 000 to R600 000 per annum, while senior roles can command salaries upwards of R1 million. However, it’s essential to note that these are broad estimates, and actual salaries may vary significantly depending on individual circumstances.

Common skills required for accounting and finance positions in North Johannesburg include proficiency in financial software, such as SAP or Excel, as well as a solid understanding of financial principles and regulations. Typically, candidates with a degree in accounting or finance, as well as relevant work experience, are best positioned to secure these roles. Other key skills include attention to detail, analytical thinking, and effective communication.

The financial services sector is one of the most significant industries that commonly employs accountants and finance professionals in North Johannesburg. Other sectors that often require these skills include technology, manufacturing, and retail. Typically, organisations in these industries need accounting and finance staff to manage their financial transactions, prepare financial statements, and provide insights to inform business decisions.

For those interested in pursuing a career in accounting or finance, there are many opportunities for development and advancement. Typically, junior roles can provide valuable experience and training, which can be used as a springboard for more senior positions within the organisation. External training programs, such as certifications offered by the South African Institute of Chartered Accountants (SAICA), can also enhance career prospects. With dedication and hard work, it’s generally possible to progress to leadership roles or transition into related fields, such as business analysis or financial planning.

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This information provides general career guidance. Actual salaries and requirements vary by employer.



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