Senior Commercial Underwriter Specialist
6 days ago
Job Title: Senior Commercial Underwriter Specialist
About The Role:
Company Overview
The Recruitment Council is a prominent short-term insurance brokerage in South Africa. We are dedicated to delivering tailored insurance solutions and committed to innovation and growth within the insurance sector.
Salary Range
R350,000 - R450,000 per annum, depending on experience.
Job Description
As a Senior Commercial Underwriter Specialist, you will be responsible for evaluating risks, developing insurance policies, and working closely with brokers to ensure profitable and sustainable coverage. You will have a strong understanding of commercial insurance products and a proactive approach to managing risks.
Key Responsibilities
- Risk Assessment: Evaluate commercial insurance applications and assess risk factors.
- Policy Issuance: Develop, negotiate, and issue policies in line with company standards.
- Stakeholder Interaction: Build strong relationships with brokers and internal teams.
- Compliance: Ensure underwriting practices align with regulatory and company guidelines.
- Market Research: Stay updated on industry trends and emerging risks.
- Claims Support: Collaborate with the claims team on underwriting-related issues.
- Documentation: Maintain accurate and detailed records of underwriting decisions.
- Customer Service: Address inquiries and concerns to ensure client satisfaction and retention.
Requirements
- Experience: 2-5 years in commercial underwriting, preferably in short-term insurance.
- Education: Matric (Grade 12) or equivalent.
- Certifications: Relevant certifications (e.g., NQF Level 4, RE5) are a plus.
- Skills: Strong analytical skills, communication abilities, and a deep understanding of commercial insurance products.
- Attention to Detail: High level of accuracy and attention to detail in managing documents and data.
- Attributes: Proactive, detail-oriented, customer-focused, and a team player.
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