Job Description
About the Role
The role of the underwriter is to analyse and underwrite new and existing policies effectively within delegated authority limits to achieve agreed levels of underwriting performance by providing technical underwriting support and assistance. To provide high quality service and solutions to brokers and customers to ensure business retention and profitable growth.
Key Responsibilities
- Analyse and underwrite new and existing policies
- Provide technical underwriting support and assistance
- Achieve targeted underwriting profit
- Contribute to proposition development
- Provide qualitative service levels to internal and external stakeholders
- Demonstrate specialised product knowledge
Requirements
- Grade 12
- Minimum of 3 years technical expertise in underwriting, preferably in commercial underwriting
- FAIS compliant, 60 credits
- Must have RE
- Sound understanding and knowledge of South African Insurance/re-insurance market
- Sound knowledge of how to optimise underwriting performance at a policy and portfolio level
- Sound knowledge of statutory and legislative requirements
Qualifications
- Formal education/certifications: None mentioned
Salary & Benefits
- Salary range: Not specified
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
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.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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