AVP- Underwriting (Commercial Liability) for General Insurance, Mumbai

JobItUs; Mumbai; On-site; INR 3,000,000 - 6,000,000; Full time

Job summary

JobItUs in Mumbai is seeking an AVP – Underwriting (Liability) to lead liability underwriting activities at the Corporate Office. The role involves determining profitability, setting terms of coverage and ensuring compliance with regulatory and product approval aspects.

You will engage with brokers, clients and internal teams to drive deal closures and product presentations. The candidate should have 6-8 years in liability underwriting, a recognized graduate degree, and hands-on experience with

Qualifications

• Graduate or postgraduate from a recognized university/institution.
• 6-8 years of experience in underwriting with general insurance.
• Hands-on experience with analytical tools and statistical packages.
• Additional Insurance diploma or certification preferred.
• Excellent comprehension and communication skills.

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.

Skills

Analytical tools experience

Communication skills

Education

Graduate or Postgraduate

Insurance diploma or certification

Job description

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 itsprofitable for the insurance company & and to establish the terms of coverage, should havefollowing traits.

Role & Responsibilities

• Underwriting of Liability proposals for various products and clients.
• Business development: Customer interaction for deal closures, Techno- marketing, ProductPresentations etc.
• Channel Management: interface between Brokers and Customers - training and developmentof 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 allUnderwriting matters.
• Ensure 100% compliance with all regulatory & product approval related aspects.
• Work with IT and Operations staff to ensure that business requirements are met andthatcustomers 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 ofalternative 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 alongwith 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 towork tight deadlines.
• Complex Problem Solving -- Identifying complex problems and reviewing relatedinformation to develop and evaluate options and implement solutions