Senior Commercial Insurance Underwriter

About the Role

Our client, a leading underwriter of commercial insurance policies, is seeking an experienced and analytical Senior Commercial Insurance Underwriter to join their vibrant team in Johannesburg.

This pivotal role involves assessing, selecting, and pricing commercial risks to ensure profitable growth and maintain portfolio integrity. You will leverage your expertise to develop and manage a portfolio of commercial insurance business, working closely with brokers and clients to understand their evolving needs.

This hybrid position offers the flexibility to work both from the office and remotely, fostering a balanced approach to productivity and personal well-being. As a Senior Underwriter, you will play a crucial part in mentoring junior team members and contributing to the strategic direction of the underwriting department.

Your deep understanding of commercial insurance products, market trends, and risk management principles will be essential for success in this challenging and rewarding role. We are looking for a proactive individual with a keen eye for detail and a strong commitment to ethical underwriting practices.

Key Responsibilities

• Evaluate and underwrite complex commercial insurance applications across various industries.
• Determine appropriate coverage, terms, conditions, and pricing for new and renewal business.
• Manage a designated portfolio of commercial risks, ensuring profitability and adherence to underwriting guidelines.
• Build and maintain strong relationships with brokers, agents, and clients to foster business development.
• Analyze market trends, competitor activities, and economic factors impacting the commercial insurance landscape.
• Collaborate with claims, legal, and actuarial departments to ensure comprehensive risk assessment and management.
• Mentor and train junior underwriters, providing guidance on complex cases and underwriting best practices.
• Participate in portfolio reviews and contribute to the development of underwriting strategies.
• Identify opportunities for business growth and new product development within the commercial sector.
• Ensure compliance with all relevant regulatory requirements and internal policies.

Requirements

• Minimum of 5 years of experience in commercial insurance underwriting, with a strong focus on diverse business sectors.
• Proven track record of successfully managing a profitable book of business.
• In-depth knowledge of commercial property, casualty, liability, and other relevant insurance lines.
• Excellent analytical, decision-making, and risk assessment skills.
• Strong negotiation and communication abilities, with the capacity to build rapport with stakeholders.
• Demonstrated ability to interpret financial statements and conduct due diligence.
• Familiarity with insurance regulatory frameworks and compliance standards.
• Proficiency in underwriting software and MS Office Suite.
• A relevant tertiary qualification in Finance, Risk Management, or a related field is preferred.
• Ability to work effectively in both an office and remote setting, demonstrating strong self-management skills.

Benefits

• Our client offers a competitive salary package, performance-based bonuses, and comprehensive medical aid and retirement benefits.
• Employees enjoy access to ongoing professional development opportunities, including industry certifications and training programs.
• The hybrid work model provides a healthy work-life balance, combining the collaboration of office-based work with the flexibility of remote arrangements.
• You will work in a dynamic and supportive team environment, with opportunities for career advancement within a leading insurance organization.
• Additional perks include potential travel for industry events and client meetings.

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