Commercial Underwriter

4 months ago

Cape Town, South Africa Mirror Images Full time

Western Cape, CPT - CBD
- (Market related)

An insurance company based in Cape Town is currently seeking a Commercial Underwriter to ensure the accurate and efficient capturing, processing and completion of client policies

**Recommended Qualifications**:
Matric, FAIS Compliant (Full Short Term Insurance Qualification at NQF level 4 or higher)

Successfully Completed RE 1/5

Minimum five years relevant work experience in Short Term Insurance

**Competencies Required to Perform Outputs and Roles Associated with these Outputs**:
Ability to function independently and under pressure;
Assertiveness;
Continuous Learning;
Commitment;
Customer Driven;
Excellent Communication skills;
Flexible and Adaptable to change;
Goal oriented;
High attention to detail;
Honesty, Integrity and Ethical Behaviour;
Results oriented;
Self-Starter / Proactive / Ability to use own initiative;
Team player.

**Securing New Business**:
Capture and collate client and risk details received from Sales;
Binder Insurers: Quote and underwrite in line with Insurer Underwriting Guide and mandates;
Other Insures: Approach market for quotes;
Provide Sales with quotes and comparison from Insurers;
Ensure all FAIS documents are completed by Client and Sales;
On confirmations from client / sales arrange cover with Insurer;
Process policy documents - raise debits where applicable;
Total turnaround time - 72 hours (3 working days).

**Renewals**:
Renewal listing, claims experience and loss ratio will be provided 12 weeks prior to renewal (renewals are created automatically in accordance with renewal rule set)

Check to see if all relevant FAIS documents are on file;
Review the latest record of advice on the policy;
Review correctness of cover and insured details on policy ;
Send the renewal comparison and schedule to the insurer for review and sign off (Commercial Only);
Obtain / Negotiate terms with insurers (Domestic - Insurer collect policies and anything wide of mandate / Commercial - All policies with insurer terms wide of automated rule set);
Binder Insurers: Renew in line with Insurer Underwriting Guide and mandates;
Assist AE with market exercise where necessary - complete comparison;
Confirm renewal discussion with client to AE or vice-versa Underwriter - to be reduced to in writing;
Lay off cover with Insurer (Commercial);
Process policy documents - raise debits where applicable ensuring debit is raised in correct financial period;
Send renewal to client (copying in AE) or Complete pack to AE for delivery - Domestic and Commercial;
Total turnaround time - 72 hours (3 working days).

**Domestic**:
Domestic Renewals to be prepped by the renewal team - from prepping to sending to client ensuring all

relevant documents are attached. Where applicable, to discuss with relevant Underwriter / AE.

**Commercial**:
Commercial Renewals to be prepped by renewal team - renewal team to send complete renewal pack, with quotes, outstanding documentation and advises regarding corrections or changes, and possible upselling opportunities to portfolio underwriter. Portfolio underwriter to check and then send on to AE and discuss

**Confirmations**:
Cover confirmation to be processed immediately - copy to AE, client and Insurer (Insurer: Commercial only);
Diarise if there is outstanding information;
Process amendment directly if all information available;
Turnaround time - Immediate.

**Amendments**:
Acknowledge receipt of amendment request - advise AE;
Binder Insurers: Process amendment in line with Insurer Underwriting Guide and mandates;
Other Insurers: Obtain terms and process amendment;
Send copy to Insurers - this is applicable to Commercial only;
Turnaround time - 48 hours.

**Cancellations**:
Advise AE immediately;
Send to Team Leads / Underwriting Managers for cancellation to be actioned;
Prep refund requisition to be sent to Underwriting Managers to be authorised and sent to finance;
Turnaround time - 48 hours.

**Multi-Claimants / Portfolio Management**:
Process corrective endorsement / cancellation on Insurer’s advices;
Or

Process corrective endorsement / cancellation as part of the renewal (rule set) raised;
Turnaround time - 48 hours.

**Performance Standard / Quality Standards**:
Manage own area of control

Annual leave: Ensure all outstanding mails/tasks have been attended to prior to going on leave.

Be punctual, keeping to prescribed hours / timekeeping;
Deadlines: Ensure all turnaround times and target dates are adhered to;
Display personal accountability for own actions, quality of work and personal development;
Effectively and efficiently maintain filing system;
Ensure that accurate record is kept of all new matters received in the department; Ensure that all deadlines are met, and that SLAs are adhered to;
Ensure that all relevant Procedure Manuals (Standard Operating Procedures) are adhered to;
Exhibit the company’s Core Values at all times (Professionalism, Integrity, Perseverance, Positive Attitude);
Maintaining professional behaviou

  • Commercial Underwriter

    1 month ago

    Cape Town, South Africa Third Age Group Full time

    **Commercial Underwriter - Stepp Atlas Gardens** We're looking for an experienced Commercial Underwriter to join our team! **Requirements**: - Matric certificate - Bilingual (English & Afrikaans) - 5+ years of experience in Commercial lines underwriting - NQF4 qualification or working towards one (advantageous) - Computer literate (Microsoft Office &...

  • Commercial Underwriter

    7 days ago

    Cape Town, South Africa Jenrec Pty Ltd Full time

    We're Hiring: Commercial Underwriter Join a reputable and growing short-term insurance brokerage in the East Rand! We’re seeking an experienced Commercial Underwriter to enhance a dynamic team. About the Role: As a Commercial Underwriter, you will: - Underwrite a range of products including personal lines, commercial lines, engineering, liability, and...

  • Commercial Underwriter

    2 weeks ago

    Cape Town, Western Cape, South Africa The Recruitment Council Full time

    Job Title: Commercial UnderwriterAt The Recruitment Council, we are seeking a skilled Commercial Underwriter to join our team in the hospitality sector.Key Responsibilities:Conduct thorough risk assessments for hospitality businesses.Evaluate applications for commercial underwriting opportunities.Collaborate with team members to manage a high volume of...

  • Commercial Underwriter

    5 months ago

    Cape Town, South Africa Yazoo Recruitment Specialists Full time

    Commercial Underwriter with relevant insurance qualifications (NQF4 /NQF5 FAIS compliance & RE5) and minimum 5 years’ short term commercial underwriting experience in a Broker environment, required to start with this national FSP based in Cape Town City Bowl. Minimum requirements: - Matric - FAIS compliance as set by FSCA - RE5 essential - Minimum 5...

  • Commercial Underwriter

    4 months ago

    Cape Town, South Africa Yazoo Recruitment Specialists Full time

    Commercial Underwriter with relevant insurance qualifications (NQF4 /NQF5 FAIS compliance & RE5) and minimum 5 years’ short term commercial underwriting experience, required to start asap. **Minimum requirements**: - Matric - FAIS compliance as set by FSCA - RE5 essential - Minimum 5 years’ short term insurance commercial underwriting experience...

  • Commercial Underwriter

    4 months ago

    Cape Town, South Africa Yazoo Recruitment Specialists Full time

    Commercial Underwriter with minimum 3 years’ Short Term Commercial Underwriting experience preferably within a Broker environment, required to start asap with a national Financial Service Provider. Positions available in Cape Town CBD, Claremont and Bellville. : - Matric - Relevant Insurance related qualification - FAIS & RE required - Minimum 3 years’...

  • Commercial Underwriter

    5 months ago

    Cape Town, South Africa Yazoo Recruitment Specialists Full time

    Commercial Underwriter with minimum 3 years’ Short Term Commercial Underwriting experience, preferably within a Broker environment, required to start asap with this national Financial Service Provider. Positions available in Cape Town and Bedfordview, GP. **Minimum requirements**: - Matric - Relevant Insurance related qualification - FAIS & RE...

  • Commercial Underwriter

    5 months ago

    Cape Town, South Africa Yazoo Recruitment Specialists Full time

    Commercial Underwriter with minimum 3 years’ Short Term Commercial Underwriting experience, preferably within a Broker environment, required to start asap with this national Financial Service Provider. Positions available in Cape Town. : - Matric - Relevant Insurance related qualification - FAIS & RE essential - Minimum 3 years’ experience in a short...

  • Commercial Underwriter

    7 days ago

    Cape Town, South Africa JenRec Recruitment Full time

    About the Role:As a Commercial Underwriter, you will: Underwrite a range of products including personal lines, commercial lines, engineering, liability, and transport.Leverage your technical risk knowledge to maintain high service standards.Provide exceptional client service with a proactive approach.Manage claims effectively while building strong...

  • Commercial Underwriter

    4 weeks ago

    Cape Town, Western Cape, South Africa Insure Connect Services Full time

    {"title": "Commercial Underwriter", "description": "Key ResponsibilitiesAs a Commercial Underwriter at Insure Connect Services, you will play a vital role in delivering exceptional commercial lines underwriting services to our stakeholders. Your key responsibilities will include:Minimizing cancellations and achieving retention targetsContribution to reducing...

  • Commercial Underwriting Lead

    5 months ago

    Cape Town, South Africa RBS Insurance Brokers Full time

    **Role Purpose** The Commercial Underwriter Lead is responsible for overseeing and guiding a team of commercial underwriters at a short-term insurance brokerage, ensuring high standards of underwriting, compliance, and client service are maintained. This role involves both leadership responsibilities and direct underwriting tasks, aiming to optimise team...

  • Commercial Underwriter Position

    1 month ago

    Cape Town, Western Cape, South Africa Sanlam Full time

    Job Title: Commercial UnderwriterWe are seeking a highly skilled Commercial Underwriter to join our team at Sanlam. As a Commercial Underwriter, you will be responsible for managing commercial risk by providing specialist technical underwriting advice.Key Responsibilities:Effective underwriting of complex risks (new business, renewals, ad-hoc)Identifying...

  • Commercial Underwriter

    5 months ago

    Cape Town, South Africa Status Staffing Full time

    **Western Cape**, Cape Town** **(Market related)** Our client based in Cape Town is looking for a Commercial Underwriter with experience at a short-term insurance brokerage and is FIAS compliant. EMPLOYMENT TYPE : Permanent SECTOR : Insurance BASIC SALARY : Market Related START DATE : A.S.A.P / Immediate **REQUIREMENTS**: - A minimum of 3 years’...

  • Commercial Underwriter

    7 days ago

    Cape Town, South Africa JenRec Recruitment Full time

    Fundamental knowledge about underwriting in the short-term insurance Industry:Personal LinesCommercial LinesEngineeringLiabilityTransportTechnical Risk Underwriting knowledgePassion for client servicesClaims ExperienceLiaise and maintain relationships with clients and brokers as well as service providersTelephone EtiquetteStrong admin and Time management...

  • Commercial Underwriter

    7 days ago

    Cape Town, South Africa RBS Insurance Brokers Full time

    **Role Purpose** Provide stakeholders with effective and efficient commercial lines underwriting services according to the required standards and procedures in order to retain existing clients and secure new business in support of the business strategy. Financial: - Take appropriate action to minimise cancellations - Ensure retention targets are...

  • Commercial Underwriting Team Leader

    5 months ago

    Cape Town, South Africa Yazoo Recruitment Specialists Full time

    Senior Commercial Underwriter with minimum 2 years Team Leader experience and minimum 5 years’ commercial underwriting experience in a Broker environment, required to oversee and guide a team of commercial underwriters for this national Broker Firm based in Cape Town CBD. - Short Term Insurance related qualifications essential - NQF4 / NQF5 or similar -...

  • Commercial Underwriter Cape Town

    4 months ago

    Cape Town, South Africa Xcel Human Capability and Talent Solutions Full time

    **Role Purpose** Provide stakeholders with effective and efficient **commercial lines underwriting services **according to the required standards and procedures in order to retain existing clients and secure new business in support of the business strategy. This includes: - General Enquiries such as but not limited to cover, products, processes etc - New...

  • National Manager: Commercial Underwriting

    5 months ago

    Cape Town, South Africa Yazoo Recruitment Specialists Full time

    National Commercial Underwriting Manager with minimum 8 years’ commercial underwriting and 5 years’ management experience within a Brokerage environment, required to manage the underwriting function across provinces, for a National Brokerage based in Cape Town City Bowl. **Minimum requirements**: - Matric/Grade 12 or equivalent - RE5 essential - FAIS...

  • National Commercial Underwriting Manager

    5 months ago

    Cape Town, South Africa Yazoo Recruitment Specialists Full time

    National Commercial Underwriting Manager with minimum 8 years’ commercial underwriting and 5 years’ management experience within a Brokerage environment, required to manage the underwriting function across provinces, for a National Brokerage based in Cape Town City Bowl. - Matric/Grade 12 or equivalent - RE5 essential - FAIS compliant - Credits and/or...

  • Commercial Lines Underwriter Cape Town

    5 months ago

    Cape Town, South Africa Xcel Human Capability and Talent Solutions Full time

    **Role Purpose** Provide stakeholders with effective and efficient **commercial lines underwriting services **according to the required standards and procedures in order to retain existing clients and secure new business in support of the business strategy. This includes: - General Enquiries such as but not limited to cover, products, processes etc - New...