Aviation Underwriter

Job Purpose:

The job holder is responsible for assessing and underwriting new business, endorsements, and renewals in accordance with the established company procedures and standards up to the assigned limit.

Accountabilities:

• Applies underwriting and risk selection techniques to determine the acceptability of new and renewal insurance risks.
• Responds to inquiries from distribution channels regarding underwriting processes and decisions, interpretation of policy forms and coverages, and premium levels.
• Conducts re-underwriting programs for selected intermediaries to improve the profitability of their book of business.
• Receive and review new business proposals, endorsements and renewals within authorized underwriting limits
• Assess, evaluate and price risk using risk modelling techniques and prescribed underwriting guidelines
• Gather, prepare and present monthly management reports on underwriting, operating costs, underwriting exposures and loss ratio
• Analyzes, evaluates, and classifies the assigned applications working with inspection reports and financial statements to aid in determining risk acceptability. The underwriter will determine the appropriate rates, and counsels with agents and/or potential insured for risk modification in order to make the risk acceptable.
• Provide first point of contact for escalation of any internal / external queries
• Approves policies within defined authority limits
• Liaise and interface with other verticals in the department to update on business
• Liaise with reinsurance and claims for service delivery issues
• Assist in providing an accurate, high quality and speedy underwriting service that builds customer relations and credibility
• Provide quotes to brokers / third parties / customers based on risk price analyses with the consultation of Seniors.
• Escalate customer issues and concerns where the timely resolution is not being achieved in light of the laid out policy and turnaround time.
• Responsible for P&L.

Education, Experience and Professional Qualifications:

• Graduate degree preferably in Science, Insurance, Risk management, Accountancy, Law.
• Insurance certification from any accredited institute preferable.
• 5 years of Aviation underwriting experience.
• Proven ability in Aviation underwriting, organizing workload under pressure.
• Sound knowledge and understanding of the insurance market and regulatory environment.
• Written and verbal communication skills in English.
• Problem solving and decision making capabilities.
• Influencing and interpersonal skills.
• Negotiation Skills.
• Proficient with MS Office suite.