Standard Bank Group

Junior Underwriter

Standard Bank Group  •  Johannesburg, ZA (Onsite)  •  4 hours ago
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Job Description

Company Description

Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

Job Description

To support the underwriting team in evaluating insurance applications and assessing risk of individuals / businesses / assets by conducting basic risk assessments in line with IAM guidelines. To assist in making informed underwriting decisions that balance risk exposure with business growth, while ensuring accuracy, compliance, and excellent service to brokers and clients.

Qualifications

Type of Qualification: First Degree

Field of Study: Business Commerce, Finance and Accounting, Mathematical Sciences, Risk Management

Experience Required

Insurance

Insurance

1-2 years

Minimum of 1 years' experience in the financial services or insurance industry. Proven track record of achieving performance targets and contributing to process improvements

1-2 years

Solid understanding of South African financial services regulations (e.g., FSCA, TCF, POPIA) relevant to underwriting.

1-2 years

Thorough understanding of relevant insurance products, policy wordings, and their applications.

Less than 1 year

Experience across multiple product lines (e.g., Life, Health, General) is highly advantageous.

Less than 1 year

Knowledge of internal control frameworks and ethical standards. Ability to identify process inefficiencies and implement improvements.

Less than 1 year

Knowledge of underwriting principles, practices, and risk assessment methodologies.

Additional Information

Behavioural Competencies:

  • Checking Things
  • Examining Information
  • Exploring Possibilities
  • Following Procedures
  • Generating Ideas
  • Interpreting Data
  • Making Decisions
  • Managing Tasks
  • Producing Output
  • Pursuing Goals
  • Taking Action
  • Upholding Standards

Technical Competencies:

  • Claims Knowledge and Management
  • Insurance Principles
  • Insurance Products & Services
  • Risk Perception & Assessment
  • Underwriting and Pricing Risk
  • Underwriting Management
  • Underwriting Process
Standard Bank Group

About Standard Bank Group

As a brand with a legacy of over 160 years in Africa, we have a deep understanding and belief in the boundless opportunities that this continent presents. Our vision extends beyond mere geography; it encompasses a profound recognition of the potential for growth that resonates within our people, customers, entrepreneurs, and all who share our unwavering commitment and passion for investing in Africa.

With a presence in 20 countries across sub-Saharan Africa, we have cultivated a diverse community of the most skilled, innovative, and creative minds in the industry. Our purpose is to drive Africa's growth, acting as a catalyst for inclusive and sustainable economic development in the regions we serve. We strive to improve the lives of our fellow Africans by conducting business in an ethical and responsible manner.

As a trusted partner, we consistently set higher standards and aspire to become better with each endeavour. We are more than just a banking institution; we are a driving force behind Africa's growth. Join us on this transformative journey. Together, we have the collective power to propel Africa into the future, making tangible progress for all who proudly call Africa home.

Industry
Finance & Insurance
Company Size
10,000+ employees
Headquarters
Johannesburg , ZA
Year Founded
1862
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