Senior Underwriter

About the role

Old Mutual is looking for a Senior Underwriter in Johannesburg to manage a group of underwriters and oversee their decision-making. The role involves selecting and accepting major risks on behalf of the company, assessing complex high-risk situations and approving or denying applications within company guidelines.

Key responsibilities

• Select and accept major risks and assist in planning and controlling the department
• Prepare quotations for credit insurance proposals and issue policy documents for accepted ones
• Review existing policies regularly to assess credit risk
• Respond promptly to correspondence, emails and calls from branches, policyholders, brokers and others
• Supervise staff, plan workflows and drive continuous improvement
• Keep statutory and legislative knowledge current to handle complaints and advise on risk mitigation
• Adhere to organisational policies, corporate governance and cost-control requirements
• Share knowledge, develop new standards and support the team's performance

Required profile

• Grade 12 and a tertiary qualification in Commerce (NQF Level 6-7 or equivalent), or a Commercial degree in progress
• Passed the Mark 4 Underwriting Technical Test
• Underwriting experience at Mark 4 level
• Mandate and prior experience required
• In-depth knowledge of the industry's commodities and work with policyholders

Required skills

• Underwriting management and risk-based pricing
• Excellent communication and relationship-building skills
• Knowledge of insurance products, legal practices and risk management