Insurance Underwriting Manager
4 weeks ago
We are seeking a highly skilled Insurance Underwriting Manager to join our team in Chennai. This is an exciting opportunity for an experienced professional to take on a key role in ensuring the smooth functioning of policies and delivering exceptional results.
Job Description- Key Responsibilities:
- Manage the underwriting process, including floating RFQs to insurers and negotiating premium quotes to meet client expectations.
- Prepare due diligence reports and negotiate with insurers on policy terms and conditions.
- Maintain relationships with key personnel at insurance companies and ensure timely submission of QCRs.
- Update Compass regularly and prepare service presentations based on coverage details shared by RM.
- Generate weekly MIS reports on pending claims and maintain RFQ trackers.
- Quality control of policy documents and ensure minimum errors in issued policies.
- Update SAIBA records and respond to queries within defined TAT.
- Strategic Understanding: Develop a deep understanding of business strategies and make informed decisions.
- Quantitative Skills: Possess strong analytical skills to manage multiple tasks in high-pressure environments.
- Non-EB Placement Experience: A minimum of 5-10 years of experience in Insurance Broking is preferred.
- University Degree: A university degree is mandatory, with an insurance qualification being a plus.
- Network and Relationship Building: Establish strong relationships with PSU's and private players in the industry.
The estimated salary for this role is ₹25,00,000 - ₹30,00,000 per annum, depending on experience. We offer a comprehensive benefits package, including medical insurance, retirement plans, and opportunities for professional growth and development.
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