Senior Manager - Underwriting

Key Responsibilities

1. Risk Assessment

• Evaluate property and engineering risks based on risk inspection reports, technical details, and underwriting submissions.
• Review engineering drawings, project plans, specifications, and schedules to identify exposures and mitigation measures.
• Assess frequency and severity of risks arising from natural catastrophes, mechanical failures, fire hazards, and operational factors.

2. Underwriting

• Underwrite property and engineering proposals in line with company underwriting philosophy and authority limits.
• Determine appropriate coverage terms, conditions, deductibles, and pricing based on risk quality and market dynamics.
• Maintain underwriting discipline while balancing growth and profitability objectives.

3. Market Interaction

• Liaise with brokers, intermediaries, and clients to obtain necessary information and clarify underwriting requirements.
• Explain coverage structures, policy terms, and underwriting decisions clearly to stakeholders.
• Negotiate terms and conditions within approved underwriting guidelines.

4. Policy Management

• Ensure timely issuance of policies, endorsements, renewals, and related documentation.
• Monitor portfolio performance to ensure profitability and compliance with internal standards.
• Review and update policy wordings and documentation as required.

5. Market Research & Development

• Stay updated on market trends, regulatory changes, and developments impacting property and engineering insurance.
• Support development of underwriting solutions for emerging risks and new business opportunities.
• Coordinate with sales and marketing teams to support portfolio growth.

6. Collaboration & Reporting

• Work closely with claims, risk engineering, and other internal teams for effective risk management.
• Prepare underwriting summaries, MIS, and performance reports for senior management.
• Participate in training and continuous development initiatives to enhance technical underwriting skills.