Assistant Manager

5 years

5 - 9 Lacs

Posted:3 days ago| Platform: Linkedin logo

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Work Mode

On-site

Job Type

Full Time

Job Description

This role is for one of the Weekday's clientsSalary range: Rs 500000 - Rs 900000 (ie INR 5-9 LPA)Min Experience: 5 yearsLocation: MumbaiJobType: full-timeWe are seeking an

Assistant Manager - Group Underwriting (UW)

to support insurance production and group underwriting initiatives, including

User Acceptance Testing (UAT)

and other underwriting-related projects. The role requires strong expertise in

group insurance processes

,

system integration

, and

project management

within tight deadlines.

Requirements

Key Responsibilities

Underwriting Operations

  • Underwrite assigned cases in line with the designated authority and organizational guidelines.
  • Apply deep understanding of group insurance systems, including underwriting workflows, guidelines, and operational processes.
  • Participate in system integration and development projects, ensuring effective collaboration and timely delivery.
  • Conduct root cause analysis for system and process issues; recommend and implement corrective actions to enhance system performance and compliance.
  • Monitor ongoing projects and UAT activities, providing structured feedback to ensure smooth functionality and stability.
  • Prepare project documentation, including detailed plans, reports, and presentations for leadership and stakeholders.
  • Assist in the assessment of group underwriting cases and continuously contribute to improving underwriting standards.

Team Supervision & Case Review

  • Supervise and guide junior underwriters, ensuring accuracy and adherence to underwriting guidelines.
  • Review and approve cases escalated by junior underwriters.
  • Track and evaluate team performance, conducting monthly case reviews to minimize error rates.
  • Manage case distribution and ensure completion within assigned timelines.

Query Resolution & Analysis

  • Resolve zonal underwriting queries forwarded by the issuance team within defined timelines.
  • Assist in analyzing underwriting data to identify emerging trends and patterns.
  • Support in technical portfolio studies and contribute to risk philosophy reviews for continuous improvement.

Case Reinstatement & Risk Management

  • Review high-net-worth reinstatement cases and re-underwrite cases referred by the claims department.
  • Participate in risk mitigation initiatives, including contingency planning and business continuity programs.
  • Identify and report process gaps while recommending process enhancements.

Skills & Competencies

Technical Skills

  • Strong understanding of insurance and underwriting principles.
  • Analytical mindset with the ability to assess multiple risk factors.
  • Familiarity with medical terminologies and case evaluations.
  • Proficiency in MS Excel and Word.
  • Experience in team supervision and presentation preparation.

Behavioral Skills

  • Excellent interpersonal and communication abilities.
  • Strong leadership and decision-making skills.
  • Creative thinking and problem-solving approach.
  • Effective teamwork, influencing, and relationship-building capabilities.
  • Highly action-oriented and organized.

Qualifications

Essential:

  • Bachelor's degree in Science, Pharmacy, Medicine, Life Sciences, Microbiology, or Commerce.
  • 4-5 years of relevant industry experience.

Desired:

  • ALMI / III-Associate (all 6 papers).
  • Diploma or MBA in Insurance.
  • At least 3 years of domain-specific experience.

Core Skills

  • Group Underwriting
  • User Acceptance Testing (UAT)
  • Risk Assessment and Process Improvement

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