Lead Manager - Underwriting (P&C)

Qatar Insurance Group; Doha; On-site; QAR 300,000 - 700,000; Full time

Job summary

Qatar Insurance Company is seeking an experienced underwriting leader to manage day-to-day Property, Engineering and Casualty underwriting in a large general insurance setting. You will lead a team of underwriting managers and officers, mentor staff and drive profitable growth while ensuring compliance with guidelines and audit requirements.

The ideal candidate will have 15+ years in multi-line underwriting, GCC experience, and a strong track record in negotiating major deals with clients and

Qualifications

• Minimum 15 years’ experience in multi-line product underwriting.
• Leadership experience of at least 10 years managing a team of 10+ members.
• GCC exposure and strong relationship with reinsurers preferred.
• Proven ability to manage large, profitable portfolios.

Responsibilities

• Run and manage day-to-day Property, Engineering & Casualty underwriting in a large general insurer.
• Lead a team of Underwriting Managers, Assistant Underwriting Managers and Officers.
• Maintain and develop relationships with corporate clients and brokers.
• Coordinate with reinsurance, claims, actuarial, finance, legal and compliance.
• Negotiate major deals with clients and brokers; ensure timely documentation and audits.

Skills

Underwriting leadership

Client relationship management

Negotiation skills

Risk assessment

Team management

Education

BTech/Engineering degree

ACII or Dip CII or FIII

Job description

Qatar Insurance Company Q.S.P.C (QIC, QIC Group) is a publicly listed insurer with a consistent performance history of over 60 years and a global underwriting footprint. Founded in 1964, QIC was the first domestic insurance company in the State of Qatar. Today, QIC is the market leader in Qatar and a dominant insurer in the GCC and MENA regions. QIC is one of the largest insurance companies in the MENA region in terms of written premium and total assets and is listed on the Qatar Stock Exchange and has a market capitalization in excess of QAR 7 billion. QIC is also the first digital insurance company in Qatar and was crowned as the best online insurance company in the Middle East at the Global Banking & Finance Review Awards 2022.

Responsibilities :

• The ideal candidate should have proven experience of running and managing the day-to-day business operations of Property, Engineering & Casualty underwriting in a large general insurance company.
• Lead a team of Underwriting Managers, Assistant Underwriting Manager, Underwriting officers in day-to-day supervision and mentoring on the department’s underwriting operations.
• Maintain, manage and develop relationships with new/existing corporate clients and brokers in Property, Engineering, Casualty and General Accident insurance products to achieve stickiness, business retention, profitable growth and superior service delivery.
• Job responsibility includes liaising with various cross functional departments viz. reinsurance, claims, actuarial, finance, accounts, legal, compliance for smooth running of the business.
• Ideal candidate is expected to have very good relationship in the reinsurance markets with leading reinsurance brokers and underwriters in London, DIFC and Singapore which would facilitate to obtain competitive reinsurance terms and placement support.
• Job includes underwriting of good quality risks in line with the assigned underwriting authority including arranging facultative reinsurance where required and review of policy & endorsement wordings & contracts, ensuring technical accuracy of all transactions within the department in line with treaty and facultative reinsurance conditions and operations & authorities manual, handling audit queries, tracking of timeliness of documentation flow, supporting digitization efforts of the business operations and MIS reporting.
• Assessment of risks and releasing quotations in line with the Company’s underwriting guidelines and reinsurance arrangement.
• Ability to lead negotiations on major deals with Clients and Insurance Brokers.
• Responsible for achieving annual department objectives with respect to topline growth and bottom-line profitability.
• Ensure compliance with existing underwriting guidelines, processes and audit requirements
• Strong interpersonal skills, communication skills, tactful and ability to handle pressure should be the key qualities of the candidate.
• An ideal candidate should have excellent technical knowledge, superior negotiation skills and proven leadership ability.
• Must have good analytical ability to understand and handle complex insurance programs.

Educational and technical Qualifications:

• BTech/Engineering graduates will be preferred
• ACII or Dip CII or FIII are the minimum insurance qualification requirement

Experience:

• Minimum 15 years’ experience in multi-line product underwriting with a major focus on Property & Engineering. Additional experience in Casualty, Liability and General Accident lines would be preferred.
• Out of the total work experience minimum 10 years should be in a leadership role with the experience of managing a team of Underwriting Managers, Assistant Underwriting Managers and Underwriting Officer level of not less than 10 members.
• Demonstrate ability to manage large portfolios in a profitable manner over a significant period.
• People with less than 7 years’ vintage in their current organization should not apply.
• GCC experience most preferred
• Good Underwriting Technical & Marketing Skill
• Good knowledge of Insurance Products & Services
• Good experience in handling corporate accounts.