Commercial Underwriter

• Our client, a leading specialist in short-term insurance underwriting management, is seeking a highly skilled and experienced Commercial Underwriter to join their dynamic team. The successful candidate will bring a minimum of 5 years of experience in commercial underwriting, a proven track record in assessing exposure, and extensive knowledge of commercial insurance products. This role demands a professional with strong analytical skills and a keen eye for detail.

Minimum Requirements

• Minimum of 5 years of experience in commercial underwriting.
• Proven track record in underwriting and assessing exposure.
• Extensive knowledge of commercial insurance products.
• NQF Level 4: Short Term Commercial Lines with a minimum of 60 credits.
• Completed RE5 exam level 1.
• Possesses extensive knowledge of Microsoft Excel, including experience with Pivot Tables.
• Strong analytical and decision-making skills.
• Excellent communication and interpersonal skills.
• Detail-oriented with a high level of accuracy.
• Ability to work independently and as part of a team.
• Own vehicle and valid Drivers License required.

Roles and Responsibilities

• Underwrite new commercial risks in accordance with company guidelines and risk appetite.
• Ensure that risks are written within the company’s risk appetite.
• Adhere to reinsurance treaties and internal mandates.
• Monitor and take corrective action on poorly performing risks.
• Maintain an acceptable loss ratio within a Broker portfolio.
• Maintain policy wording drafts and ensure that products remain competitive with market offerings.
• Handle day-to-day queries and amendments to existing policies.
• Provide Brokers with advice on current product offerings.
• Conduct product training for Brokers.
• Provide input into building and designing various aspects of products on a designed system.
• Provide comparisons between competitors’ products and the company’s commercial products.
• Assess and evaluate risk for commercial insurance policies.
• Analyse exposure, determine appropriate premiums, and provide underwriting recommendations.
• Develop and maintain strong relationships with Brokers, Agents, and clients.
• Ensure compliance with underwriting guidelines and company policies.
• Stay up to date with industry trends, regulations, and market conditions.
• Provide training and mentorship to junior Underwriters and team members.
• Manage and review renewal business to ensure profitability and retention.
• Collaborate with the claims department to monitor loss experience and adjust underwriting strategies accordingly.