Liabilities Underwriter

Job Responsibilities:

• 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.
• Receives and reviews new business proposals, endorsements, and renewals within authorized underwriting limits.
• Assesses, evaluates, and prices risk using risk modelling techniques and prescribed underwriting guidelines.
• Gathers, prepares, and presents 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 counsel with agents and/or potential insured for risk modification in order to make the risk acceptable.
• Provides the first point of contact for escalation of any internal/external queries.
• Approves policies within defined authority limits.
• Liaises and interfaces with other verticals in the department to update on business.
• Liaises with reinsurance and claims for service delivery issues.
• Assists in providing an accurate, high-quality, and speedy underwriting service that builds customer relations and credibility.
• Provides quotes to brokers/third parties/customers based on risk price analyses with the consultation of Seniors.
• Escalates customer issues and concerns where the timely resolution is not being achieved in light of the laid out policy and turnaround time.

Qualifications:

• Graduate degree preferably in Science, Insurance, Risk Management, Business, or Law.
• Insurance certification from any accredited institute is preferable.
• 8 years of underwriting experience.
• Proven ability in underwriting, organizing workload under pressure.