Property Facultative Underwriter (Jamnagar)

Santam Insurance; Jamnagar; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Santam Ltd. IIO GIFT City in Gandhinagar, Gujarat, India, seeks an experienced Property Facultative Underwriter to lead underwriting and management of Property Facultative Reinsurance for India and approved territories, under governance and delegated authority.

You will work with the Head Office during the initial phase, developing pricing, risk analysis, and broker relationships, with authority increasing as performance and governance criteria are met.

Responsibilities

• Underwrite Property Facultative Reinsurance risks per guidelines and delegated authority.
• Analyse risk submissions including policy wordings, claims history, and financial data.
• Assess CAT exposures and portfolio accumulations.
• Price risks and prepare underwriting recommendations.
• Negotiate terms, conditions, and pricing with brokers and cedants.
• Develop and maintain relationships with brokers, cedants, and partners.
• Support business development and identify new underwriting opportunities.
• Monitor portfolio performance, profitability and exposure.

Job description

Property Facultative Underwriter Reinsurance

Location: GIFT City, Gandhinagar, Gujarat, India

Company: Santam Ltd. IIO GIFT City

What will you do

Santam Ltd. IIO is seeking an experienced Property Facultative Underwriter to join its GIFT City office. The successful candidate will be responsible for underwriting and managing Property Facultative Reinsurance business originating from India and other approved territories, while maintaining underwriting discipline and supporting the company's profitable growth strategy. During the initial phase of employment, the successful candidate will work closely with Santam's Head Office underwriting team. Underwriting decisions and recommendations will be subject to a peer review process to ensure alignment with Santam's global underwriting philosophy, technical standards, and governance framework. As the individual gains familiarity with Santam's underwriting guidelines and demonstrates consistent underwriting performance, an appropriate level of underwriting authority will be delegated in accordance with the Company's governance framework.

The selected candidate will report directly to the Principal Officer & Country Head India Operations .

What will make you successful

Key Responsibilities:

• Underwrite Property Facultative Reinsurance risks in accordance with Santam's underwriting guidelines and delegated authority limits.
• Analyse underwriting submissions, including risk information, claims history, engineering reports, financial information, and policy wordings.
• Assess natural catastrophe (CAT) exposures and portfolio accumulations.
• Price risks and prepare underwriting recommendations.
• Negotiate terms, conditions, and pricing with brokers and cedants.
• Develop and maintain robust relationships with brokers, cedants, and business partners.
• Support business development initiatives and identify new underwriting opportunities.
• Monitor portfolio performance, profitability, and exposure management.
• En .