Specific responsibilities could include :
- Responsible for handling large account renewals
- Coach new members on the team / newer to underwriting on a consistent basis.
- Participate in the development and execution of regional Underwriting strategy for LoB(s) and work closely with Market Management, Claims and other product lines to achieve key marketing strategies, including cross- selling
- Underwrite new and renewal accounts to meet top and bottom line targets
- Negotiate price and terms and conditions with producers
- Proactively manage capacity Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios (for relevant LOBs)
- Underwriting Approach and Compliance
- Ensure accurate policy documentation issued to producers or producers has issued documentation (where producer responsibility)
- Ensure contract certainty is achieved on all accounts at time of inception
- Ensure utilization of global pricing tools
- Ensure placing and binding of FAC Reinsurance prior to policy inception
- Underwrite in line with LOB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
- Proactively support completion of policy administration and credit control processes
- Contribute to development and execution of regional Underwriting strategy for LoB regionally
- Training, developing and coaching of less experienced staff (including Underwriters)
- Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary)
- Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate
- Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)"
Ideal Candidate :
- 7-10 years experience in proven track record in Underwriting profitable business in LoB. Good understanding of LoB products and portfolio
- 7-10 years experience in demonstrating established relationships with brokers at peer group level and established within market
- 7-10 years experience in understanding of regional / local LoB insurance markets and competitor landscape
- College degree preferably in Economics, Finance, Insurance Management, or Business Administration
- Completion of professional insurance qualification (e.g. CII)
26 days ago