AVP- Commercial Line General Insurance Underwriting

Job Description

Designation AVP – Underwriting (Liability)

Location Corporate Office – Mumbai

Reporting to Vice President & Head- Liability Insurance

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 & 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

 Graduate or Postgraduate in any discipline from a recognized university/institution.

 6-8 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 benefits of potential actions to choose the most appropriate one.

 Time Management -- Managing one's own time and the time of others and the ability to work tight deadlines.

 Complex Problem Solving -- Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions