Marine Technical Underwriter Expert

1 month ago


Johannesburg, Gauteng, South Africa WatersEdge Solutions Full time

About the Role:

WatersEdge Solutions is seeking an experienced Marine Technical Underwriter to join its team in a key role that involves underwriting risks, performing tasks with limited supervision on moderate to complex technical placements in a fast-paced environment.

The ideal candidate will have at least 3-5 years of marine experience and possess strong analytical and problem-solving skills. They should be able to work independently, manage their time effectively, and exercise sound judgement in making underwriting decisions.

Key Responsibilities:

  • Risk Assessment and Underwriting:
    • Evaluate and assess marine insurance risks
    • Utilise sound underwriting practices to make informed decisions on moderate to complex technical placements with limited supervision
    • Follow established underwriting policies, rating rules, and procedures to ensure compliance with insurance laws and regulations
    • Analyse risk factors and determine appropriate coverage limits, terms, and pricing for various marine insurance products
  • Documentation and Processing:
    • Produce and process all necessary insurance documentation, including policies, endorsements, and renewals, ensuring accuracy and completeness
    • Maintain up-to-date records of all underwriting activities and decisions
    • Ensure that all documentation complies with company standards and regulatory requirements
  • Relationship Management:
    • Build and maintain strong relationships with existing market contacts, including brokers, clients, and other stakeholders
    • Serve as a key point of contact for client inquiries, providing prompt and accurate responses to underwriting questions and concerns
    • Collaborate with internal teams to support client needs and business development initiatives
  • New Business Development:
    • Actively participate in the new business process by following up on leads, identifying potential clients, and promoting marine insurance products
    • Develop and implement sales strategies to achieve business growth targets
    • Prepare and present underwriting proposals to clients and brokers

Requirements:

  • At least 3-5 years of marine experience
  • Ability to work independently
  • Strong analytical and problem-solving skills
  • Time management skills
  • Excellent communication and interpersonal skills
  • Ability to exercise independent judgement and make sound underwriting decisions
  • Strong knowledge of MS Office and ability to quickly learn other business-related software

Salary Range:

$80,000 - $110,000 per annum, depending on experience

Benefits:

  • Competitive salary and bonus structure
  • Opportunities for professional growth and development
  • Collaborative and dynamic work environment
  • Recognition and reward for outstanding performance


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