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South Africa: Commercial Underwriter posted by Fouche & Co Recruitment

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Job Description

About the Role

The Commercial Underwriter will be responsible for evaluating and assessing commercial insurance applications, analyzing risk factors, and determining appropriate coverage and terms. The successful candidate will ensure that underwriting decisions align with company standards and regulatory requirements while maintaining strong client and broker relationships.

Key Responsibilities

  • Evaluate and assess commercial insurance applications to determine risk exposure.
  • Develop, negotiate, and issue insurance policies and endorsements in line with underwriting standards.
  • Maintain strong relationships with brokers, clients, and other key stakeholders.
  • Ensure underwriting practices comply with company policies and regulatory requirements.
  • Collaborate with the claims department to assist in resolving underwriting-related matters.
  • Stay informed on market trends, emerging risks, and industry developments.
  • Maintain accurate and detailed records of underwriting decisions and policy documentation.
  • Address client inquiries and concerns promptly, ensuring service excellence and retention.
  • Provide professional advice and support to clients and internal teams.
  • Contribute to continuous improvement of underwriting processes and service quality.

Requirements

  • Matric (Grade 12) or equivalent qualification.
  • 2–5 years of experience in commercial underwriting, preferably within short-term insurance.
  • Relevant certifications (e.g., NQF Level 4, RE5) are advantageous.
  • Strong analytical, decision-making, and problem-solving skills.
  • Solid understanding of commercial insurance products and underwriting principles.

Qualifications

  • Matric (Grade 12) or equivalent qualification is the minimum educational requirement.

Salary & Benefits

Market-related salary based on experience.

How to Apply

Only shortlisted candidates will be contacted.

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About Other Insurance Jobs in South Africa

In the context of Other Insurance positions in South Africa, it is common to find a steady demand for professionals who can manage and oversee insurance claims, policy administration, and risk management. Typically, this field operates within various industries, including financial services, technology, and manufacturing sectors.

When it comes to salaries, broad ranges can be expected, with typically starting salaries ranging from R200 000 to R300 000 per annum for junior positions, increasing to around R500 000 to R700 000 per annum for more senior roles. However, please note that actual salaries can vary widely depending on factors such as the size of the company, industry sector, experience level, and qualifications held by the individual.

To excel in an Other Insurance role, common skills include strong analytical and problem-solving abilities, excellent communication and interpersonal skills, a solid understanding of insurance policies and regulations, and experience with policy administration software. Additionally, proficiency in Microsoft Office applications, particularly Excel, is often highly valued. Proficiency in languages such as Afrikaans or isiZulu may also be an advantage in certain contexts.

Other Insurance roles can commonly be found within the financial services sector, where companies that offer insurance products to individuals and businesses need professionals to manage claims and policy administration. Technology companies and manufacturing firms also frequently require staff with expertise in this field. In general, organisations across a range of industries value the skills and experience offered by professionals in Other Insurance roles.

Career progression for those in Other Insurance roles is generally good, with opportunities for advancement to senior positions or into specialist roles such as risk management or policy development. With experience and additional qualifications, individuals can progress into leadership roles within an organisation, or transition into related fields such as actuarial science or claims adjusting.

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



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