At a Glance
- Tasks: Underwrite complex Financial Lines insurance and build strong broker relationships.
- Company: Leading specialty insurance provider with a fully remote team.
- Benefits: Competitive salary, comprehensive benefits, and ultimate work-life balance.
- Other info: Opportunities for career progression and continuous professional development.
- Why this job: Join a dynamic team and excel in the specialized field of Financial Lines insurance.
- Qualifications: 5+ years underwriting experience, strong analytical skills, and excellent communication.
The predicted salary is between 82800 - 101200 $ per year.
About the Role
Our client, a leading specialty insurance provider, is seeking a highly skilled and experienced Financial Lines Underwriter to join their fully remote team.
This crucial role involves the underwriting of complex Financial Lines products, such as Directors & Officers Liability (D&O), Professional Indemnity (PI), and Cyber Liability insurance.
You will be responsible for assessing risks, pricing policies, and developing strong relationships with brokers across the region.
As a remote-first organization, we value collaboration, innovation, and providing our employees with the flexibility to work from anywhere.
The ideal candidate will possess a deep understanding of Financial Lines insurance, strong analytical and decision-making skills, and a proven ability to manage a profitable portfolio.
We are looking for an individual who is proactive, possesses excellent communication skills, and is committed to delivering exceptional service to our broker partners.
This is an outstanding opportunity to advance your career in a specialized and dynamic area of the insurance industry.
Key Responsibilities
- Underwrite new and renewal Financial Lines insurance business, accurately assessing exposures and determining appropriate pricing and terms.
- Develop and maintain strong relationships with brokers and intermediaries, providing expert advice and support.
- Analyze financial statements, corporate structures, and other relevant data to evaluate risk exposures for Financial Lines products.
- Ensure all underwriting decisions are in compliance with company guidelines, underwriting philosophy, and regulatory requirements.
- Contribute to the development and refinement of underwriting strategies, appetite, and product wordings for Financial Lines.
- Monitor portfolio performance, identifying trends and implementing strategies to achieve profitable growth targets.
- Collaborate with claims teams to manage complex claims and mitigate potential losses.
- Stay updated on market trends, regulatory changes, and emerging risks relevant to Financial Lines insurance.
- Participate in broker meetings and industry events to represent the company and enhance its market presence.
- Provide technical underwriting support and guidance to internal teams and external partners.
Requirements
- A minimum of 5 years of experience in underwriting, with at least 3 years focused specifically on Financial Lines (D&O, PI, Cyber).
- Proven track record of successful underwriting results and profitable portfolio management in Financial Lines.
- In-depth knowledge of Financial Lines insurance products, policy wordings, and legal/regulatory frameworks.
- Excellent analytical, critical thinking, and decision-making skills.
- Strong negotiation and relationship-building abilities with brokers and underwriters.
- Proficiency in underwriting systems, risk assessment tools, and Microsoft Office Suite.
- Bachelor's degree in Law, Finance, Business, or a related field.
- Professional designations (e. g., ACII, FLMI) are highly advantageous.
- Ability to work autonomously and manage workload effectively in a remote setting.
- Strong understanding of the South African insurance market is preferred.
- Excellent written and verbal communication skills.
Benefits
- Our client offers a highly competitive salary and a comprehensive benefits package, including medical aid, life insurance, and a retirement fund.
- As a fully remote role, you will enjoy the ultimate flexibility and work-life balance.
- Opportunities for continuous professional development, including support for industry certifications and advanced training programs, are provided.
- Performance-based bonuses and incentives are part of the attractive compensation structure.
- A dynamic and supportive virtual team environment, fostering collaboration and knowledge sharing.
- Opportunities for career progression within the organization, including potential for leadership roles.
- Access to cutting-edge underwriting tools and resources.
- We foster a culture of innovation, accountability, and mutual respect.
- Employee assistance programs are available to support well-being.
- This is an exceptional chance to excel in the specialized field of Financial Lines insurance.
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Financial Lines Underwriter in Kimberley employer: Placements24
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