Underwriter Job Description

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Underwriter Job Description

Underwriter Job Description

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Job Title

Underwriter

Department

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Location

{{job_location}}

Reports To

{{reporting_manager_title}}

Job Summary

The Underwriter is responsible for evaluating, classifying, and rating risks to determine the acceptability of insurance applications and to establish appropriate premium rates. This role involves assessing financial, medical, and other relevant information to make sound underwriting decisions in accordance with company guidelines and regulatory requirements.

Key Responsibilities

1. Assess and evaluate individual and group insurance applications, considering all relevant risk factors.

2. Analyse financial statements, medical reports, and other documentation to determine risk exposure.

3. Apply underwriting guidelines, policies, and procedures to ensure consistent and equitable risk assessment.

4. Calculate and recommend appropriate premium rates and policy terms.

5. Communicate underwriting decisions clearly and effectively to brokers, agents, and clients.

6. Collaborate with sales, claims, and actuarial departments to achieve business objectives.

7. Maintain up-to-date knowledge of industry trends, market conditions, and regulatory changes.

8. Identify and refer complex cases to senior underwriters or management for review.

Qualifications and Experience

1. Bachelor's degree in Finance, Actuarial Science, Business Administration, or a related field. (A relevant professional qualification, e.g., ACII, FAIS, is highly advantageous).

2. Minimum of {{years_experience}} years of underwriting experience in the financial services or insurance industry.

3. Strong analytical and problem-solving skills.

4. Excellent communication and interpersonal skills.

5. Proficiency in using underwriting software and standard office applications.

6. In-depth understanding of Southern African insurance regulations and market practices.

Skills and Competencies

1. Risk assessment and management.

2. Decision-making and critical thinking.

3. Attention to detail and accuracy.

4. Negotiation and conflict resolution.

5. Customer focus and service orientation.

6. Ability to work independently and as part of a team.

Remuneration

A competitive remuneration package commensurate with experience and qualifications will be offered, including {{salary_range}} per annum, medical aid, and provident/pension fund contributions.

Application Process

Interested candidates are invited to submit their CV and a cover letter detailing their relevant experience to {{email_address}} by {{application_deadline}}. Please quote 'Underwriter Application - {{reference_number}}' in the subject line.

Signature

_________________________

{{hiring_manager_name}}

{{hiring_manager_title}}

Date: {{date}}