Commercial Underwriter - Property - Insurance Broking Firm (5-7 yrs)

Commercial Underwriters - Property

Position / Business Accountability:

- Ensuring smooth function of policies to be serviced.

- Floating RFQ to insurers & negotiate best premium from them to meet client's expectations.

- Preparing Due Diligence report wherever necessary.

- Negotiation with insurers on premium quotes & Terms specially in big & medium sized proposals.

- Ensure submission of QCR within TAT.

- Update Compass regularly.

- Preparing service presentation based on the coverage's shared by RM.

- Generating weekly MIS about the pending claim and sending it to clients in the format defined.

- Relationship with key line people in the insurance companies

- Entertain (addition deletion & other) endorsement request received from client & sent to insurer for endorsement.

- Maintain RFQ tracker.

- Quality Control of Policy Documents of RFQs.

- Quality check of policies issued & ensure for minimum errors.

- Updating SAIBA on policy renewed, endorsement passed, and endorsement awaited in the respective month.

- Replying to queries in the defined TAT i.e., within 24 hrs. form receipt of the query.

Core Capabilities (Knowledge, Skills, Additional Behaviors):

- Strategic understanding of business.

- Quantitative skills.

- Ability to manage multiple tasks in a high-pressure environment.

Education & Experience:

- Non-EB placement experience (preferably over 5 to 10 years) in Insurance Broking.

- University degree (mandatory) with an appropriate insurance qualification preferred.

- Should have a good network and relationship with the PSU's and the private players.