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 RequirementsMinimum 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 Driver's License required.Roles and ResponsibilitiesUnderwrite 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.Closing DateSubmissions for this vacancy will close on 12 August 2024, however, you will still have the opportunity to submit your CV for this position till 4 September 2024.Please NoteThank you for submitting your CV to Marvel Placement Consultants. We value your submission, and we try our utmost best to get back to each applicant. However, should your application be successful, we will be in contact with you. Should you not hear from us within two weeks of application, please consider your application as unsuccessful. We are however recruitment specialists and will keep your details on our database for possible future opportunities.PoPI ActPlease note that Marvel Placement Consultants adhere to the POPI Act (Act No. 4 of 2013: Protection of Personal Information Act, 2013). Section 9 of PoPI states that "Personal Information may only be processed if, given the purpose for which it is processed, it is adequate, relevant and not excessive".
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