Assistant Underwriter - Construction

Zurich 56 Company Ltd; United Arab Emirates; On-site; AED 67,000 - 134,000; Full time

Job summary

Zurich Insurance Middle East is seeking an Underwriting Assistant to join our Construction team in the UAE. The role provides crucial support in reviewing applications, pricing low complexity risks, and setting terms in line with underwriting guidelines.

The successful candidate will assist with documentation, maintain underwriting records, and coordinate with brokers and internal stakeholders to resolve inquiries, while staying informed on regulations and market conditions.

Qualifications

• Bachelor's degree in Business, Finance, Insurance, or a related field is preferred.
• Knowledge of insurance principles and industry practices is advantageous.
• Strong analytical skills with the ability to review complex information accurately.
• Excellent attention to detail and data quality assurance.
• Proficiency in MS Office and underwriting software.

Responsibilities

• Assist higher proficiency underwriters in reviewing applications and pricing low complexity risks.
• Support basic underwriting tasks, including account servicing and documentation.
• Maintain accurate underwriting records, including policy documentation and endorsements.
• Communicate with brokers and internal stakeholders to clarify policy details.
• Prepare underwriting reports and presentations to support decision-making and provide insights.
• Collaborate with Claims and Finance to ensure smooth underwriting processes.
• Stay updated on industry regulations, policy changes and market conditions.

Skills

Analytical skills

Attention to detail

Time management

Communication

Confidentiality

Education

Bachelor's degree in Business/Finance/Insurance

Tools

MS Office Suite

Underwriting software

Document management systems

Job description

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Zurich is a leading multi-line insurer serving people and businesses in more than 200 countries and territories and has more than 65,000 employees and over 82 million customers. Founded more than 150 years ago, Zurich is transforming insurance. In addition to providing insurance protection, Zurich is increasingly offering prevention services such as those that promote wellbeing and enhance climate resilience. Reflecting its purpose to ‘create a brighter future together,’ Zurich aspires to be one of the most responsible and impactful businesses in the world.

Commercial Insurance Middle East is seeking a detail-oriented and highly organized individual to join our team as an Underwriting Assistant. In this role, the individual will provide crucial support to the Underwriting - Construction team.

Job Accountabilities

As Underwriting Assistant, your role will involve:

• Assist higher proficiency Underwriters in reviewing insurance applications andthe assessment and pricing of low complexity risks and the setting of terms and conditions in accordance with the Underwriting Guidelines.


• Provide support with basic Underwriting tasks, including account servicing, the preparation of documentation and updating systems.


• Maintain accurate and up-to-date underwriting records, including policy documentation, endorsements and related correspondence.


• Communicate with brokers and internal stakeholders to obtain missing information, clarify policy details, and address inquiries or concerns.


• Assist in the preparation of underwriting reports, summaries and presentations to support decision-making and provide insights on underwriting performance.


• Collaborate with cross-functional teams, such as Claims and Finance to ensure smooth and efficient underwriting processes.


• Stay updated on industry regulations, policy changes and market conditions that may impact underwriting decisions and processes.

Job Qualifications

To be successful in this role, you will need:

• Bachelor's degree in Business, Finance, Insurance, or a related field is preferred. Relevant work experience may be considered in lieu of a degree.


• Knowledge of insurance principles, policies and industry practices is advantageous.


• Strong analytical skills with the ability to review and evaluate complex information accurately and efficiently.


• Excellent attentation to detail, with a focus on data accuracy and quality assurance.


• Computer savvy and proficienct in MS Office Suite and other underwriting software


• Strong organizational and time management skills, with the ability to prioritize tasks and meet deadlines in a fast-paced environment.


• Effective communication skills, both written and verbal, with the ability to interact professionaly with internal and external stakeholders.


• Ability to maintain confidentiality and handle sensitive information with discretion and professionalism.

Make it Happen

Performance

Puts Customers First

Collaborate Together

Develop & Grow

Motivational fit

At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right?

We are an equal opportunity employer who knows that each employee is unique - that’s what makes our team so great!
Join us as we constantly explore new ways to protect our customers and the planet .