Senior Underwriter

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.