Underwriter Property Fac

1 month ago

Mumbai, India Swiss Re Full time

Underwriter Property Fac

 

Position: Underwriter Property Fac India

Division: P&C Facultative Asia Pacific

Location: Mumbai

Line Manager:  Senior Property Fac Underwriter

 

An overview of the role

The Opportunity

We are looking for an ambitious Property Underwriter who has the skills, drive, and gravitas to grow a profitable Property book and develop her/his career in Swiss Re as one of the world's global reinsurance leaders.

You will be originating, analyzing, pricing and underwriting Property risks and portfolios, as well as deploying capacity appropriately according to risk and portfolio quality and Group guidelines within the framework of your underwriting authority.

Your core territorial remit will be India; but you are expected to work closely with other markets in Asia to support their underwriting and business origination.

You will market and promote Swiss Re, and you will be expected to apply your market and product knowledge to provide clients and brokers with adequate, joint solutions which meet our clients' needs.

Your job will involve internal interaction, among others, with client managers, underwriters, structurers, and modelers across the region supporting building and maximizing the market.

It will be upon you to develop new business pipelines and manage renewals, support the development of business and strategic plans for Property business with the aim of sustainably developing the Property book of core business as well as new solutions or transactions for our clients and brokers.

You will support the Senior Underwriter Property Fac India in portfolio management and steering to ensure profitable growth and portfolio balance and achieve both, quantitative metric and qualitative goals set. You will support the development business pipelines for new and renewal business.

Your performance will be measured based on bottom line.

 

The Team

This is a great opportunity to participate in expanding our India Property Facultative business and become part of the Asia P&C Facultative Underwriting community across our Asia Pacific local business units which share the common vision and goals to collaboratively grow our Fac business across Asia territories from Japan, Korea to Greater China, Southeast Asia, India and Australia and New Zealand. We are a team with a very high level of entrepreneurial spirit, energy, and expertise, which we aim to complement and strengthen with your support.

In this role you will become an important member of a very energetic team that facilitates entrepreneurial & team spirit, underwriting expertise, resilience, as well as your personal and professional development.

 

Key Responsibilities

Underwriting and Business focus:

 
  • Underwrite profitable facultative Property business
  • Operate in accordance with the marketing objectives, strategies and plans developed by the India/Singapore Property Facultative Team and Product Centre
  • Provide high quality, timely and appropriate underwriting service to clients, in keeping with underwriting authorities and Corporate Governance Rules
  • Contribute to robust new business pipelines and manage renewal to maximise the Company commercial position and pricing adequacy
  • Diligent use of pricing/modelling tools and robust reflection of pricing to exposure and risk quality
  • Proactively improve data transparency and accuracy
  • Provide underwriting support to other Swiss Re offices, if required
  • Provide high quality, timely and appropriate underwriting service to clients and brokers
  • Develop and implement facultative reinsurance solutions for our clients
  • Demonstrate robust capability in formally preparing for and conducting quality meetings with clients to identify business opportunities
  • Actively seek and procure opportunities in the market through high quality client and broker interactions, relationship building and engagement
  • Positively contribute to Swiss Re's reputation, profile, and brand
  • Support client relationships between appropriate SRI/SRAL staff and client staff across the range of reinsurance related functions
  • Participate in cross functional team initiatives
  • Proactively liaise with the Claims Team to stay abreast of claims trends and issues of the market/client companies and their profitability
  • Participate in project teams as required
  • Ad hoc tasks as needed

 

Knowledge & Skills

  • Knowledge of industrial and commercial property underwriting: all classes of insured risk, contractual details/setup
  • In excess of 5 years relevant pre-underwriting/costing/pricing experience for complex risk and up-to-date with insurance and reinsurance products
  • Market knowledge as underwriter/broker in India experience in other emerging markets will be considered
  • Completed ACII qualification is an advantage
  • Comfortable working in a highly collaborative, multi-cultural matrix organisation
  • Taking ownership, accountability; going the extra mile to get things done, both internally and externally
  • Delivering superior service to our clients/brokers
  • Ability to learn and deliver under pressure
  • At ease with going outside of own comfort zone
  • Strong team player
  • Effective communicator, both written and verbally
  • Efficient and pragmatic

 

 

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