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Company: ADVANTAGE REINSURANCE MGA IFSC PVT LTD Designation : Underwriter Reinsurance Experience: 5-7 Yrs experience in (Property & Energy) Location: Gandhi Nagar SEZ Qualifications : MBA, Insurance qualification is added advantage. Compensation : 10-12 LPA Notice Period : Immediate/30 days Maximum Job Description : Evaluation of proposals and application of clauses, terms and conditions to proposals received from clients and intermediaries. Gathering background information on potential customers from information provided in proposal forms for insurance. Managing and evaluating complex(large) risks within the property and energy sectors. Review insurance applications submitted by potential policyholders, carefully assessing all relevant information including financial history, credit scores, and claims histories to determine risk levels. Liaising with insurance brokers or communicating directly with customers Document all underwriting decisions, including reasons for approval or denial, in a clear and organized manner. Ensure accurate and up-to-date records are maintained for auditing purposes. Experience in business procurement and underwriting the risk. Assisting the Marketing team in presentation and business meetings with corporate heads and key personnel of prospective clients / Govt. organization. Using company records to check the current number of in-force policies for similar levels of risk Understand deeply the main exposures and the specificities that are inhered with each of the segments of property energy such as energy onshore, mining and power and utilities, and use strong analytical skills to evaluate complex and take underwriting decisions. Analyze risk factors associated with insuring a particular property or individual, such as location, occupation, past claims, and industry trends. Use this analysis to determine the level of coverage to be provided and calculate appropriate premiums. Policy servicing, renewal of expiring policies. Design, implement, control and check Underwriting, Claims of clients and MIS. Work on new references and visiting the clients with marketing team to understand the requirements of the client and the material facts pertaining to their business. The candidate should be energetic and presentable who have passion to take the company to the next level. Minimum Experience should have 7+ years in same profile with leading Organization. Required Skills: Analytical Skills: Underwriters must analyze complex information, including financial documents, market data, and personal details, to assess risk. Decision-Making Skills: Thoroughly review insurance applications and related documents to identify any discrepancies or missing information that may impact underwriting decisions. Problem-Solving Skills: They need to identify and resolve issues that may arise during the underwriting process. Communication Skills: Effective communication is essential for interacting with clients, brokers, and other stakeholders. Negotiation Skills: Underwriters may need to negotiate terms and conditions with insurers, reinsurers and clients. Attention to Detail: Careful review of documents and information is crucial to avoid overlooking crucial details that could impact risk assessment. Time Management: Underwriters need to manage their workload effectively and meet deadlines. Knowledge of Insurance & Reinsurance Products: Comprehensive understanding of property, Energy and Liability insurance policies, coverage options, and underwriting guidelines Required Qualifications Master's degree in business, finance, insurance, or a related field. At least 7 years of experience in property and Energy insurance underwriting, preferably in a commercial insurance setting. Must have AIII certificate Strong knowledge of insurance laws, regulations, and industry best practices. Excellent understanding of risk assessment and underwriting principles. Familiarity with underwriting software and other relevant tools. Strong mathematical and analytical skills. Ability to work independently and collaborate effectively with a team. Sound decision-making skills and ability to exercise judgment in complex situations. Professionalism: Underwriters are expected to maintain ethical standards and act with integrity. Whatsapp your resumes @ 9650555875