Underwriting Officer

Overview of the role:

Responsible for driving reinsurance underwriting across cedants, with a focus on portfolio quality, pricing discipline, and compliant underwriting practices that support IIOs profitable and sustainable growth. The role will be based out of Gift City, Gandhinagar

Key responsibilities:

Strengthening the Underwriting Management

• Risk assessment and placement of profitable lives on the company books.
• Ensure co-ordination and required oversight between head office UW stakeholders
• Establish, document and communicate service standards to all concerned stake holders
• Establish a mechanism for timely and comprehensive resolution of cedant or broker queries and issues.
• Agree and adhere to SLAs for reinsurance underwriting
• Set up and review underwriting guidelines and requirements for IIO

Underwriting Management:

• Jointly oversee the IIO’s underwriting performance with Head office, including profit and loss management, budgeting and forecasting.
• Implement robust risk management practices to safeguard the IIO’s business and reputation.

Compliance and Regulation:

• Ensure the branch complies with all extant regulations and internal policies.
• Stay updated on regulatory changes and implement necessary adjustments to branch operations
• Maintain acceptable audit ratings in all Compliance and Audit reviews.

Measures of Success

• Timely quotes and onboarding of new cedants
• Quality of portfolio taken on books- Mortality experience
• TAT adherence with SLAs and compliance for all business lines.
• Effectiveness of engagements with stakeholders to support business.

Candidate Profile

• Bachelor’s degree
• Minimum 5+ years of experience in reinsurance
• Actuarial degree - preferred
• Proven leadership in managing credit and operational risk at scale.
• Deep understanding of the Indian financial regulatory landscape
• Strong experience in working with Risk Committees and Boards
• Behavioural Competencies: Good Communication Skills, Team Leader, Time management, Creative thinking and problem solving, Business Etiquette.
• Preferred location: Gandhinagar, Gujarat