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Underwriting Officer

Confidential Company

5 - 7 years Dubai - United Arab Emirates

Any Graduation. Any Arabic National, Any European National, Indian, Filipino

Medical (self + family) + Life Ins for Self


, Posted on April 4, 2018 1 Opening

Job Description

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Job purpose:

Ensuring efficient, smooth operations of the Company and achievement of the budgeted Underwriting premium targets

Key areas of responsibility:

 Expert knowledge of operational systems, work-flow processes and policies in support of client service expectations, continuous improvement and overall efficiency.
 Understanding of management reporting, information flow and organizational planning.
 Knowledge in the use of the Policy Administration system for all policy transactions to effectively drive accuracy and process efficiency.
 Obtain best possible quotes from Reinsurer. For products which cannot be sourced by Primary Reinsurer, source credible alternatives to have it underwritten in full quantum of risk exposure.
 Prepare Premium Analysis for input of premium into the system.
 Check data download and forward to cedents as applicable.
 Knowledge of all classes of automobile, and consumer electronics insurance.
 Detailed understanding of Reinsurance products and providers available in the market.
 To ensure all risks are duly Reinsured and no risks are retained in-house.
 Prepare underwriting report and loss ratios and send the same to Reinsurers from time to time
 Prepare analytical reports and KPI's on maximum claims and component failures for evaluation.
 Assist in compiling treaty arrangements between Cedent and Reinsurer
 Ensure product approval is sought from relevant local authority within the country
 Working understanding of the financial statements and the correlation of the underwriting results through to the Balance Sheet impact.
 Comply with standards set as per Local authority.
 Ability to lead product and impart technical training to internal staff.


Industry Type : Insurance
Functional Area : Insurance / Underwriting / Surveying / Actuary

Desired Candidate Profile

Qualifications :Bachelors in any discipline
Experience: Around 5-7 years experience with atleast 3-4 years in Senior position, industry/market related background , preferably from automotive or Insurance services industry.
Age: 30 - 45

Keywords

Underwriting Officer Underwriting Underwriter Insurance services

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