Senior Associate /Deputy Manager – Liability Underwriting for General Insurance, Mumbai

Job Description:

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 benefits of potential actions to choose the most appropriate one.
• Time Management -- Managing one and  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