Senior Underwriting Executive (Property And Engineering)

JOB PURPOSE:
We are looking to hire an underwriter with specialized knowledge in risk assessment for Property and Engineering. Underwriter are expected to have meticulous attention to detail, good negotiating skills and work according to tight deadlines in a fast-paced environment. Underwriters should be analytical and exceptional communicators with brilliant research and classification skills. Candidates with good risk analysis and selection with remarkable decision-making skills, a deep understanding of retention and reinsurance, and sound judgment will be preferred.
KEY RESPONSIBILITIES:
1. Collect appropriate and accurate information required to assess potential clients and decide on the acceptable risk for a policy.
2. Review policy applications/quotations based on the previous loss records, age, medical report and other underwriting factors.
3. Prepare reports that detail risk assessment that contribute to the final decision.
4. Evaluate policies with regards to the company's underwriting guideline/standard.
5. Make a decision to accept, modify or reject an insurance application after scrutiny of all the required documents and studies regarding the risk involved.
6. Analyze statistical data and handle the assigned reports within deadlines.
7. Write quotes, determine premiums and coverage, and negotiate terms with brokers and clients.
8. Select the wording of policies, and prepare the terms and conditions.
9. Conduct internal and external training.