Product Manager-Commercial Lines Underwriting

2 days ago

Mumbai, Maharashtra, India Liberty General Insurance Full time ₹ 8,00,000 - ₹ 12,00,000 per year
Job Description

Description

Responsibilities:

  • Underwriting of Engineering Insurance products (EAR/CAR/CPM/MBD/EEIP/BPP) as per company guidelines.
  • Responsible for preparation of Quotation, Terms and Conditions including preparation of slips/forms for special referrals / facultative support to be sent to the Reinsurance team.
  • Ensure 100 PERCENT compliance with all the underwriting approvals & guidelines.
  • Conduct trainings w.r.t. Engineering products & UW processes with Internal business team and external members as when demanded.
  • Regular connect with distribution team and Intermediary to Grow business Mix.
  • Contribute in achieving the top-line & LR targets as set by the management through regular reviews with all stakeholders.
  • Maintaining the track of Business data, preparing the MIS and provide data for analysis as & when required.

Role Objective / Purpose:

  • Risk assessment and end-to-end underwriting of Engineering line of business proposals, preparation of quotation and support the various location underwriters and sales teams on ongoing deals.
  • Preparation, analysis, data management pertaining to the Engineering line of business products such as RFQ tracker, instalments, extensions, conversion
  • Coordination with sales teams and local underwriting teams to ensure smooth flow of proposals, quotations at Head office.
  • Coordination with Reinsurance team for special approvals and facultative support.
  • Preparation of technical, project presentations for clients, brokers, underwriters.
  • Maintain engineering insurance files, wordings, circulars, quotations, MIS/data and keep them up to date.
  • Work with the Operation and IT teams for development of digital portals, modules, client
  • Ability to work independently as well as collaborate in a team environment.

Experience:

  • 3-6 years of relevant working experience into Engineering Insurance underwriting.
  • Underwriting experience of Construction/Project insurance (EAR/CAR) in the Indian Market.
  • Knowledge of Engineering Insurance products such as EAR/CAR/CPM/MBD/EEIP/BPP.
  • Good working knowledge of MS Excel, Power Point and Word.

Competencies:

  • Risk Assessment and Analysis
  • Insurance Policy Interpretation
  • Follow Underwriting Guidelines and Procedures
  • Data Analysis and Interpretation
  • Insurance Market Knowledge
Qualifications

Bachelors Degree/Post Graduation

About Us

At Liberty General Insurance, we create an inspired, collaborative environment, where people can take ownership of their work; push breakthrough ideas; and feel confident that their contributions will be valued, and their growth championed.

We have an employee strength of 1200 spread over a network of 116 offices in 95 cities, across 29 states. Our partner network consists of about 5000 hospitals and more than 4000 auto service centers.

We believe and live by our values every day - Act Responsibly, Be Open, Keep it Simple, Make things better and Put People First.

For learning about our key USPs, you can go visit our website.

Working with Liberty also provides you an opportunity to experience One Liberty Experience.

We create the One Liberty experience through:

  • Providing Global exposure to employees by including them in cross country projects that gives them opportunities to work with diverse teams within & outside India.
  • Fostering Diversity, Equity & Inclusion (DEI) to create equitable career opportunities.
  • Flexi Working arrangements.

If you aspire to grow & build your capabilities to work in a global environment, Liberty is the place for you

Locations: Mumbai, MH, India

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