Location Corporate Office – Mumbai
Reporting to Chief Underwriting Officer
Key Purpose
As a key member of the liability underwriting team, this role is accountable to determine if its profitable for the insurance company & and to establish the terms of coverage, should have following traits.
Role and Responsibilities
- Underwriting of Liability proposals for various products and clients.
- Business development: Customer interaction for deal closures, Techno- marketing, Product Presentations etc.
- Channel Management: interface between Brokers and Customers - training and development of various Liability products
- Coordination with other depts.: such as reinsurance, product specialists and accounts.
- Policy administration and documentation.
- Contribute in price review exercise at regular intervals through market benchmarking ; identifying the areas for correction
- Liaison with all stakeholders (Sales, IT, Operations, Legal & Compliance) for all Underwriting matters.
- Ensure 100% compliance with all regulatory & product approval related aspects.
- Work with IT and Operations staff to ensure that business requirements are met and that customers are provided with a high level of service.
Qualification and competencies
- B.E. / B Tech / MBA/PG
- 3 Years of experience in Underwriting with General Insurance firm
- Hands on experience with analytical tools and statistical packages
- Additional Insurance diploma or certification will be preferred
- Excellent comprehension and communication skills
Key Success Indicators
- Critical Thinking -- Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Negotiation Skills-- Bringing others together and trying to reconcile differences.
- Judgment and Decision Making -- Considering the relative costs and risks attached along with the advantages of potential actions to choose the most appropriate one.
- Time Management -- Managing o