Property Facultative Underwriter – Reinsurance
Location: GIFT City, Gandhinagar, Gujarat, India
Company: Santam Ltd. IIO – GIFT City

What will you do?

Santam Ltd. IIO is seeking an experienced Property Facultative Underwriter to join its GIFT City office. The successful candidate will be responsible for underwriting and managing Property Facultative Reinsurance business originating from India and other approved territories, while maintaining underwriting discipline and supporting the company's profitable growth strategy. During the initial phase of employment, the successful candidate will work closely with Santam's Head Office underwriting team. Underwriting decisions and recommendations will be subject to a peer review process to ensure alignment with Santam's global underwriting philosophy, technical standards, and governance framework. As the individual gains familiarity with Santam's underwriting guidelines and demonstrates consistent underwriting performance, an appropriate level of underwriting authority will be delegated in accordance with the Company's governance framework.

The selected candidate will report directly to the Principal Officer & Country Head – India Operations .

What will make you successful?

Key Responsibilities:
Underwrite Property Facultative Reinsurance risks in accordance with Santam's underwriting guidelines and delegated authority limits.
Analyse underwriting submissions, including risk information, claims history, engineering reports, financial information, and policy wordings.
Assess natural catastrophe (CAT) exposures and portfolio accumulations.
Price risks and prepare underwriting recommendations.
Negotiate terms, conditions, and pricing with brokers and cedants.




Develop and maintain strong relationships with brokers, cedants, and business partners.
Support business development initiatives and identify new underwriting opportunities.
Monitor portfolio performance, profitability, and exposure management.
Ensure compliance with IFSCA regulations, internal governance standards, and underwriting guidelines.
Work closely with underwriting, actuarial, claims, finance, and operations teams.
Prepare underwriting reports and management information for portfolio monitoring.

Qualifications & Experience:
~8–10 years of experience in Property Reinsurance Underwriting, preferably in Facultative Reinsurance.
~ Experience with an international reinsurer, Lloyd's syndicate, or a global insurance/reinsurance organisation will be highly preferred.
~ Strong technical underwriting and risk assessment skills.
~ Sound understanding of industrial occupancies, engineering risks, natural catastrophe exposures, and policy wordings.
~ Excellent negotiation, communication, and relationship management skills.
~ Strong analytical and decision-making abilities.
~ Self-motivated with the ability to work independently in a dynamic and entrepreneurial workplace.
~ Bachelor's degree in Engineering, Commerce, Finance, Insurance, or a related discipline.
~ Professional qualifications such as FIII, ACII, CPCU , or equivalent will be an added advantage.

Skills:
Property Facultative Reinsurance Underwriting
CAT Exposure and accumulation management
Technical risk analysis and pricing
Financial analysis
Broker and cedant relationship management
Excellent written and verbal communication
Proficiency in Microsoft Excel, PowerPoint, and underwriting systems

📌 Property Underwriters (Gujarat)
🏢 Santam Insurance
📍 Gujarat