
Insurance underwriter
3 days ago
We are seeking a talented individual to join our Insurance Broking team. This role will be based in Mumbai / Pune. This is a hybrid role that has a requirement of working at least three days a week in the office.Lead Specialist / Deputy Manager / Manager – Insurance Broking :We’re seeking for an individual who is ready to assist the onshore broking team in all aspects of clientservice, including client contact, administration, technical support and business development. Ensure theaccurate, efficient and timely production of all clients, insurer and policy related documentation across the insurance life cycle Experience: 6+ Years Location: Mumbai / Pune Certification: Mandatory – CII, CPCU, etcWe will count on you to:Account Management• Assist the onshore broking team with the development, implementation and management of riskmanagement and insurance programs which accurately address client needs• Assist the onshore broking team with the development and maintenance of effective long-termrelationships with key client decision makers through regular meetings and liaison• Work with the onshore broking team to gain an understanding of the client's business, riskmanagement and insurance needs• Implement renewal and broking strategies in accordance with instructions received from theonshore broking team• Actively assist the onshore broking teams with the development of additional business from theirexisting portfolios and with the acquisition of new business.• Assist the onshore broking teams with the implementation of appropriate account retention anddefence strategies• Assist the onshore broking and claims teams with the negotiation of equitable claim settlementson behalf of clients• Monitor the accuracy and performance of outputs from the operations processing team• Develop and maintain an understanding of new technologies and capabilities of the Company• Participation in client/insurer meetings as requiredAdministration & Technical• Consistently use the required IT Applications to maintain compliance, accuracy and workload,contributing to resource allocation and process improvement• Ensure the timely and accurate production/processing of client transactions including but notlimited to:o Premium and adjustment calculationso Information and documentation for Pre-Renewal and Broking meetingso Bespoke renewal reports and insurance manualso Certificates of currency• Ensure the smooth functioning of transition of work between the broking business and theoperations team. This includes providing accurate and timely information to operations andconfirming the quality of the outputs returned to the broking team.• Support effective working relationships with clients and insurers as required• Ensure that accurate up to date records on all clients are always maintained• Possess a thorough understanding of all major classes of insurance which the Company offersto its clients• Possess a thorough working knowledge of all aspects of the Insurance (Agents & Brokers) Act,Insurance Contracts Act, Fire Services Levy, Stamp Duties, Worker's Compensation and otherrelevant legislation• Acquire and maintain an awareness of the client's business and insurance needs, noting allbriefing information provided by senior servicing and broking managers• Develop and maintain a basic understanding of the core aspects of relevant Insurance andrelated legislation• Adhere strictly to the Company's Quality practices and other systems and procedures• Comply fully with the Company's errors and omissions avoidance policy• Other duties as may be required from time to time.What you need to have?• A Graduate with 6+ years of relevant experience• Meet the training requirements of Tier 1 FSRA Compliance• Prior experience in general insurance or financial lines within a broking or underwriting environmentpreferred• Degree in Insurance (or a related area) or Financial Services Diploma preferredKey Competencies• Collaboration – Acts as a connector between Broking and Operations, bring colleagues together tobring the best of the enterprise to client solutions. Comfortable working both independently and aspart of a virtual team• Initiative – Seeks out and acts on opportunities and calculated risks. Demonstrates a willingnessto take on increased responsibilities and displays the ability to act independently with minimal yetappropriate reference back to manager/supervisor.• Productivity & Efficiency – The efficient and timely completion of routine and assigned tasks tosupport internal and external client demands and the implementation of major projects.• Technology - Understands and effectively applies the Company’s specialized technologyresources to meet objectives and satisfy client needs.• Organization – Considers future client needs and plans accordingly. Consistently operates with ahighly self-organized style to produce accurate work on time; organizes group tasks and resourceson behalf of the team; efficiently implements instructions delegated by manager/supervisor;produces work with the confidence of manager/supervisor.• Communication - Conveys written and verbal messages effectively to various audiences, adaptingapproach as appropriate. Displays sound listening and comprehensive skills.• Innovation - Develops new and alternative approaches to existing practices, creates new orimproved processes, solutions, products and services. Maintains an openness to experiment withalternative approaches.• Should be comfortable with 6.30 am – 3.30 pmWhat makes you stand out?• Meet the training requirements of Tier 1 FSRA Compliance• Prior experience in general insurance or financial lines within a broking or underwritingenvironment preferred• Degree in Insurance (or a related area) or Financial Services Diploma preferredWhy join our team?• We help you be your best through professional development opportunities, interesting work andsupportive leaders.• We foster a vibrant and inclusive culture where you can work with talented colleagues to createnew solutions and have impact for colleagues, clients and communities.• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.