Property Underwriter
1 week ago
Key Responsibilities & Accountabilities
• Handle local quotations and ask for the required information.
• Prepare quotations and related profitability calculations according to the company policy.
• Serve Local policies in respect of policy issuance, Filling, sanction screening and modifications.
• Servicing multinational policies in respect of policy issuance, Filling, sanction screening and modifications.
• Comply with the company policy for the E-filing to meet the audit and compliance requirements.
• Communicate with sales / brokers / insurance and reinsurance companies / direct clients in respect of submissions.
• Prepare special acceptance and referral if needed.
• Handle the reinsurance placement according to the reinsurance policy.
• Prepare the renewal terms accordingly to the account's performance.
• Maintain full understanding of the company Guidelines and treaty.
• Maintain full understanding of Group platforms.
• Handle Monthly closing.
• Perform all other duties assigned by manager.
Job Specifications
Education / Certifications:
• Bachelor's degree in commerce.
• 1-3 years of experience in the insurance field.
Job Qualifications:
• Understanding of commercial property, casualty, and liability coverages.
• Knowledge of insurance pricing, loss ratios, and financial analysis.
• Understanding of underwriting guidelines, policy terms, and conditions.
• Awareness of commercial industries, operations, and exposures.
• Proficiency in underwriting software, rating systems, and data analysis tools.
Soft Skills & Behavioral Competencies:
• Negotiation skills: Ability to negotiate terms and conditions with clients and brokers.
• Risk assessment skills: Ability to evaluate commercial risks accurately and comprehensively.
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