Chief Manager / Asst Vice President - Marine Underwriting

Tata AIG General Insurance Company Limited is a joint venture between Tata Group and American International Group (AIG). Since its set-up in 2001, the Company has grown strongly to emerge as the preferred private general insurance company in India with several pioneering firsts to its credit. Driven by a mission to create better tomorrows for Customers by delivering trustworthy and innovative risk solutions, Tata AIG’s broad portfolio of protection covers are backed by years of professional expertise in product offerings, exceptional service capabilities and seamless claims process management. We are currently seeking passionate individuals who are eager to make a meaningful impact in the world of insurance. If you’re looking for a rewarding career that combines cutting-edge technology, customer-centric solutions, and a commitment to excellence, you have come to the right place. Explore our exciting opportunity below and be part of an organization that is shaping the future of insurance. Job Title: Chief Manager / Associate Vice President Location: Chennai Job Overview: We are seeking a Marine Underwriter to join our team at Tata AIG General Insurance Co Ltd. The ideal candidate will play a key role in supporting business growth, ensuring profitability, managing portfolio performance, and adhering to regulatory and underwriting guidelines. The Marine Underwriter will work closely with various stakeholders, including the sales team and IMDs, to process RFQs, issue quotes, and oversee policy issuance for new business. The position requires strong analytical skills and a proactive approach to portfolio management, team development, and continuous improvement. Key Responsibilities: Business Growth: Assist stakeholders in driving business growth by coordinating with the sales team, IMDs, and other internal teams to generate RFQs. Ensure accurate and timely quote issuance while adhering to underwriting guidelines. Oversee the conversion of business to ensure smooth policy issuance and setup on the marine portal. Monitor and achieve Gross Premium Written (GPW) targets in alignment with the budget. Profitability: Ensure underwriting practices lead to profitability and sustainable growth. Strive to balance business growth with maintaining a favorable bottom line, making sure profitability is not compromised. Monitor Net Loss Ratio vs. Budget Loss Ratio to ensure underwriting practices align with profitability targets. Portfolio Management: Regularly review and analyze the portfolio’s performance, focusing on both top-line revenue and bottom-line profit. Track renewals and proactively manage the portfolio to ensure consistency and retention. Compliance & Regulatory Adherence: Ensure that all regulatory, underwriting, and applicable government guidelines are strictly followed in all underwriting decisions. Stay updated on regulatory changes and implement necessary adjustments to maintain compliance. Team Development: Identify areas for improvement within the underwriting team and provide the necessary resources and support for professional growth. Qualifications: Graduate or Masters Experience- 4 to 8 years How to Apply: If you are excited to be part of a team dedicated to innovation and excellence, please submit your resume. We look forward to reviewing your application and welcoming you to Tata AIG, where your skills and ambitions can thrive. Tata AIG is an equal opportunity employer, and we encourage candidates from all backgrounds to apply for this role. Show more Show less