Underwriter

Universal Sompo General Insurance Co. Ltd.; Mumbai; On-site; INR 1,800,000 - 2,400,000; Full time

Job summary

A leading insurance company in Mumbai is seeking an experienced candidate with 10 to 15 years in the insurance industry to manage business quotation support and team dynamics. The role requires strong product knowledge, effective communication, and stakeholder management. The ideal candidate should have a Graduation or Post Graduation in Civil Engineering or an MBA in insurance, along with knowledge of regulatory audits and operational processes within the insurance domain.

Qualifications

• 10 to 15 years of experience in the insurance industry.
• Comprehensive understanding of Fire, Engineering, and Miscellaneous Lines of Business.
• Familiarity with regulatory audits and compliance documentation.
• Experience in providing business quotation support across Agency, Bancassurance and Retail Broking channels.

Responsibilities

• Provide business quotation support using strong underwriting expertise.
• Ensure smooth coordination within the team and allocate tasks effectively.
• Collaborate with cross-functional teams to align product requirements.
• Manage regulatory and internal audits and ensure documentation standards are met.
• Understand reinsurance treaties and how underwriting retention and treaties affect proposals.

Skills

Strong Product Knowledge

Team Management

Effective Communication Skills

Stakeholder Management

Sales coordination

Stakeholder mgmt

Audit handling

Reinsurance knowledge

Operational knowhow

Digital journeys

Product filing

Education

Graduation/ Post Graduation in Civil Engineering or MBA in Insurance

Job description

Professional Qualifications - Graduation/ Post Graduation, Civil Engineer,FIII/MBA in insurance

Experience- 10 to 15 Years in Insurance industry

Job Role :-

• Strong Product Knowledge:
• Comprehensive understanding of Fire, Engineering, and Miscellaneous Lines of Business is essential.
• Business Quote Management:
• Responsible for providing business quotation support across Agency, Bancassurance and Retail Broking channels using strong underwriting expertise
• Team Management
• Ensure smooth coordination within the team, allocate tasks effectively, and foster a collaborative, high‑performance work environment.
• Intermediary & Sales Coordination:
• Effective communication skills to engage with intermediaries, facilitate onboarding, and support ongoing sales coordination.
• Provide product guidance, handholding, and structured training sessions to sales teams and other internal stakeholders to enhance product understanding and operational efficiency.
• Stakeholder Management:
• Collaborate with cross‑functional teams to define product requirements, prioritize features, and ensure alignment with business objectives and customer needs.
• Audit Handling:
• Manage requirements related to Regulatory Audits and Internal Audits, ensuring compliance with all guidelines and documentation standards.
• Knowledge about Reinsurance treaties (Added Advantage):
• Should know how a proposal is underwritten in complete sense w.r.t. reinsurance arrangement also i.e, insurer’s retention, obligatory & surplus or quota share treaties.
• Operational Know‑how (Added Advantage):
• Familiarity with backend operations related to product setup, pricing mechanisms, and policy issuance processes will be beneficial.
• Digital Journey Knowledge (Added Advantage):
• Understanding of digital journeys for general insurance products to support ease of doing business and drive tech‑enabled process improvements.
• Product Filing Awareness (Added Advantage):
• Working knowledge of product filing processes, regulatory requirements, and documentation procedures.