Senior Manager - Commercial Underwriting

HDFC ERGO General Insurance; Mumbai; On-site; INR 1,500,000 - 2,000,000; Full time

Job summary

HDFC ERGO General Insurance invites an experienced Senior Manager - Commercial Underwriting to join our Mumbai team. You will evaluate property and engineering risks, review drawings, and underwrite proposals in line with our guidelines to balance risk and profitability.

You will liaise with brokers and clients to clarify requirements, set coverage terms, and monitor portfolio performance. The role requires 6–8 years of underwriting experience and is permanent and on-site.

Qualifications

• Minimum 6–8 years of underwriting experience.

Responsibilities

• Evaluate property and engineering risks based on risk inspection reports, technical details, and underwriting submissions.
• Review engineering drawings, project plans, specifications, and schedules to identify exposures and mitigation measures.
• Assess frequency and severity of risks arising from natural catastrophes, mechanical failures, fire hazards, and operational factors.
• Underwrite property and engineering proposals in line with company underwriting philosophy and authority limits.
• Determine appropriate coverage terms, conditions, deductibles, and pricing based on risk quality and market dynamics.
• Maintain underwriting discipline while balancing growth and profitability objectives.
• Liaise with brokers, intermediaries, and clients to obtain necessary information and clarify underwriting requirements.
• Explain coverage structures, policy terms, and underwriting decisions clearly to stakeholders.
• Negotiate terms and conditions within approved underwriting guidelines.
• Ensure timely issuance of policies, endorsements, renewals, and related documentation.
• Monitor portfolio performance to ensure profitability and compliance with internal standards.
• Review and update policy wordings and documentation as required.
• Stay updated on market trends, regulatory changes, and developments impacting property and engineering insurance.
• Support development of underwriting solutions for emerging risks and new business opportunities.
• Coordinate with sales and marketing teams to support portfolio growth.
• Work closely with claims, risk engineering, and other internal teams for effective risk management.
• Prepare underwriting summaries, MIS, and performance reports for senior management.
• Participate in training and continuous development initiatives to enhance technical underwriting skills.

Skills

MBA

Job description

Senior Manager - Commercial Underwriting...

HDE/JC/15408

• HDFC ERGO General Insurance
• India>West>Maharashtra>Mumbai>Mumbai - Andheri LBP>Mumbai - Andheri LBP>2101>Corporate

Posted On 06 Apr 2026

End Date 06 Apr 2027

Required Experience 6 - 8 years

Basic Section

New Job Title Senior Manager - Commercial Underwriting

No. Of Openings 1

Grade M1

Campus/Non Campus Non Campus

Employment Type Permanent

Organisational

Company HDFC ERGO General Insurance

Legal Entity HDFC ERGO General Insurance

SBU/ Channel Corporate

Business Function Non Sales

Cost Center Property/Engg

Cost Center Code 1361

Business Zone NA

Job Role Team Member

Country India

Region West

State Maharashtra

Branch Code 2101

Type of Office Corporate

Skills

Skill

MBA

CERTIFICATION

Working Language

Job Description

Key Responsibilities

• Evaluate property and engineering risks based on risk inspection reports, technical details, and underwriting submissions.
• Review engineering drawings, project plans, specifications, and schedules to identify exposures and mitigation measures.
• Assess frequency and severity of risks arising from natural catastrophes, mechanical failures, fire hazards, and operational factors.
• Underwrite property and engineering proposals in line with company underwriting philosophy and authority limits.
• Determine appropriate coverage terms, conditions, deductibles, and pricing based on risk quality and market dynamics.
• Maintain underwriting discipline while balancing growth and profitability objectives.

3. Market Interaction

• Liaise with brokers, intermediaries, and clients to obtain necessary information and clarify underwriting requirements.
• Explain coverage structures, policy terms, and underwriting decisions clearly to stakeholders.
• Negotiate terms and conditions within approved underwriting guidelines.

4. Policy Management

• Ensure timely issuance of policies, endorsements, renewals, and related documentation.
• Monitor portfolio performance to ensure profitability and compliance with internal standards.
• Review and update policy wordings and documentation as required.

5. Market Research & Development

• Stay updated on market trends, regulatory changes, and developments impacting property and engineering insurance.
• Support development of underwriting solutions for emerging risks and new business opportunities.
• Coordinate with sales and marketing teams to support portfolio growth.
• Work closely with claims, risk engineering, and other internal teams for effective risk management.
• Prepare underwriting summaries, MIS, and performance reports for senior management.
• Participate in training and continuous development initiatives to enhance technical underwriting skills.