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Senior Underwriter
2 months ago
Job Description and Profile
Senior Underwriter (Property and Casualty)
Responsibilities
● Assist as and when required in implementing underwriting strategicfunctions to grow the business and improve on risk appetite and risk selection;
● Provide technical assistance with regards to risk assessment;
● Prepare quotations and verify quotations prepared by other team members;
● Review applications for coverage, assessing risk levels on a case-by-case basis and make recommendations;
● Provide technical knowledge to junior staffs while providing technical coaching towards analytic underwriting reviews and decision making;
● Analyse special cases and provide Underwriting Manager with a preview of the cases;
● Prepare underwriting files for reinsurers/reinsurance brokers to settle on appropriate placements, special acceptance, and renewal terms of facultative reinsurance risks;
● Monitor and generate renewal list by a set time frame and provide Underwriting reviews as per risk appetite based on customer profile and claims status;
● Liaise with Claims department when reviewing terms for clients with adverse loss ratio;
● Maintain set KPI to ensure continuity within underwriting operations;
● Conduct portfolio analysis based on market trend and claims experience;
● Prepare reinsurance apportionment on a PML basis for approval by Underwriting Manager;
● Extracting data from the company’s specialised software to produce statistical reports
● Assisting in the review of pricing structure
● Monitor/preparing loss ratio for each line of business and report to the Underwriting Manager
● Review & update internal Policy Administration System (Front and Back-end) regarding the underwriting parameters for underwriting portfolio management
● Preparing of reports in view of the clients in our book for analysis purposes & decision making
● Preparing of non-renewal/cancellation letters based on clients’ claim experience
Profile
● Knowledge of general insurance mainly Property and Casualty lines of Business
● Knowledge of Insurance products and services
● Familiar with Business insurance operations
● Data Collection and Preparation
● Microsoft office
● MS Excel
● Excellent communication skills, both verbal and written, in English, enabling clear and concise communication.
● Ability to work in a fast-moving environment.
● Proactive approach to problem solving and positive and can-do attitude.
● Ability to work collaboratively with team members and other departments, fostering teamwork and achieving common goals.
● Experience in working on Policy Administration System Product configuration and Product development will be an advantage.
● Experience in some basic and intermediate level of programming will be an additional edge
Required Qualifications and Experience:
● Minimum degree Holder in Risk and Insurance
● Candidate should be a qualified or partly qualifiedChartered Insurer of III (India Institute of Insurance or equivalent professional bodies)
● Proficiency in Statistical software
● Minimum of 5 years of experience in related field
Additional Benefits
Opportunity to work in a dynamic and fast-paced environment, where you can learn, grow, and make a real impact.
Continuous training and development opportunities, enabling you to enhance your skills and knowledge, ensuring your professional growth.
Requirements
Minimum degree Holder in Risk and Insurance ● Candidate should be a qualified or partly qualifiedChartered Insurer of III (India Institute of Insurance or equivalent professional bodies) ● Proficiency in Statistical software ● Minimum of 5 years of experience in related field
