Executive-Back Office-Underwriting Support

EXL; Pune District; On-site; INR 300,000 - 400,000; Full time

Job summary

A consulting and services firm is seeking an entry-level candidate for a full-time role in Pune, Maharashtra. The position involves mastering policy processing, rating systems, and building relationships with underwriters. Candidates will be responsible for evaluating applications and identifying risks associated with new business. Strong analytical skills and attention to detail are essential for success in this role, which operates in the finance and sales function.

Responsibilities

• Demonstrate mastery of processing, policy rating and policy issuance systems.
• Build and maintain strong relationships with regional underwriters.
• Identify risks and associated exposures involved in new applications.
• Review historical loss data for appropriate evaluation.
• Understand rating concepts and allow manual rating for exceptional scenarios.
• Evaluate incoming applications and interpret information.
• Evaluate binders, applications and proposals.
• Identify exposure class, coverage limits and components for evaluation.
• Contact external parties to obtain necessary information.

Job description

Responsibilities

• Demonstrate mastery of processing, policy rating and policy issuance systems.
• Build / maintain strong relationship with regional UWs.
• Identification of risks and associated exposures involved in new applications for use of appropriate and established rating criteria.
• Review of historical loss data in lieu of policy rating for appropriate evaluation.
• Understanding of rating concepts, engines and rules to allow manual rating for exceptional scenarios and taking sign off as per established approval hierarchy.
• Evaluate incoming applications, interpret necessary information for completing assigned tasks including rating and issuance, endorsements and servicing.
• Evaluation of binders, applications and proposals.
• Identify exposure class, coverage limits and other components to effectively evaluate a new business, renewal and / or endorsement application.
• Contact external parties to obtain incomplete / inaccurate information (as necessary).

Seniority Level

• Entry level

Employment Type

• Full-time

Job Function

• Finance and Sales

Industries

• Business Consulting and Services

Location: Pune, Maharashtra, India