Team Leader Underwriting
- Location
- Cape Town, Western Cape
- Minimum qualification
- Diploma
- Closing date
First listed . Last checked at source .
In brief
**Overview** This is a Team Leader position in Underwriting located at Old Mutual's Pinelands branch. The role primarily involves managing several underwriting professionals. Key responsibilities include reviewing and ensuring compliance with underwriting policies, guidelines, and procedures by subordinate underwriters, as well as recommending changes to these policies and procedures. The Team Leader is also responsible for underwriting large or more complex risks or providing final approval for those underwritten by their subordinates. **What you will do** * Manage several underwriting professionals. * Review and ensure conformance with underwriting policies, guidelines, and procedures by subordinate underwriters. * Recommend changes in underwriting policies and procedures. * Underwrite large or more complex risks or provide final approval for those underwritten by subordinates. * Review and underwrite assigned new business and renewal cases within prescribed authority level, escalating unusual or complex cases to senior colleagues where appropriate (Underwriting Insurance Cases). * Carry out allocated research and analysis to support the development, testing, and improvement of automated underwriting processes and systems; recommend new functionalities and/or improvements that reduce cost and/or enhance underwriting effectiveness (Underwriting Automation). * Ensure the organization is not exposed to undue risks by using risk management systems to achieve specific goals within a designated area of the business (Organizational Risk Management). * Investigate all kinds of incidents and reports and provide expert advice to more senior colleagues. Minimize risk exposures and ensure adherence with regulatory standards by working with all internal functions to make sure compliance programs are properly implemented (Regulatory and Compliance Management). * Communicate the local action plan; explain how this relates to the function's strategy and action plan and to the broader organization's mission and vision; motivate people to achieve local business goals (Leadership and Direction). * Develop and propose own performance objectives; take appropriate actions to ensure achievement of agreed objectives, using the organization's performance management systems to improve personal performance. Or manage and report on team performance; set appropriate performance objectives for direct reports or project/account team members and hold people accountable for achieving them, taking appropriate corrective action where necessary to ensure the achievement of team/personal objectives (Performance Management). * Deliver a budget for an area of the organization or conduct complex analyses on budget progress in other areas of the organization (Budgeting). * Edit document in line with organizational style guidelines and prepare information for publication (Document Preparation). * Develop and deliver financial guidelines and protocols to ensure the company complies with regulations and good financial practice (Financial Policies, Guidelines, and Protocols). * Use the organization's formal development framework to identify the team's individual development needs. Plan and implement actions to build their capabilities. Provide training or coaching to others throughout the organization in own area of expertise to enable others to improve performance and fulfill personal potential (Organizational Capability Building). **Requirements (from the original advert)** * Matric and / or equivalent * Diploma and /or equivalent in Level 6 qualification in general insurance * 3 - 5 years' experience in Commercial Underwriting * 1 - 2 years' experience in managing a Team of Underwriters would be advantageous * NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent **Skills:** * Accounting * Budget Management * Change Management * Data Compilation * Executing Plans * Financial Acumen * Legal Practices * Management Reporting * Numerical Aptitude * Oral Communications * Policies & Procedures * Presenting Solutions * Professional Presentation * Risk Management * Servant Leadership **Competencies:** * Action Oriented * Business Insight * Communicates Effectively * Decision Quality * Ensures Accountability * Financial Acumen * Instills Trust * Manages Complexity **Who should apply** Candidates should have a Matric or equivalent qualification, along with a Diploma or equivalent at Level 6 in general insurance. An NQF Level 7 qualification, such as a Degree, Advanced Diploma, or Postgraduate Certificate, or an equivalent, is required. Applicants must possess 3 to 5 years of experience in Commercial Underwriting, and 1 to 2 years of experience in managing a team of underwriters would be advantageous. The ideal candidate will have demonstrated skills in accounting, budget management, change management, data compilation, executing plans, financial acumen, legal practices, management reporting, numerical aptitude, oral communications, policies & procedures, presenting solutions, professional presentation, risk management, and servant leadership. Key competencies include being action-oriented, having business insight, communicating effectively, demonstrating decision quality, ensuring accountability, possessing financial acumen, instilling trust, and managing complexity. This role is suited for individuals capable of leading underwriting professionals, ensuring policy conformance, recommending policy changes, and handling complex underwriting tasks or final approvals. **Deadline** 15 October 2026, 23:59 **Reference** Original posting: https://www.myjobmag.co.za/job/team-leader-underwriting-old-mutual-2 Source: myjobmag
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At a glance
- At least 1 year of experience.
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