Senior Underwriter

Senior Recruitment Consultant @ Intelligent Solutions | Financial Services Recruitment |

General Overview:

Our client, a leading global Insurance provider, is looking to hire a Senior Underwriter - Power for their team in Dubai, UAE. The successful candidate will serve as the subject matter expert, demonstrating specialized knowledge and expertise in Insurance products and the industry. You will be responsible for analyzing and underwriting highly complex new and renewal business, while ensuring the highest level of customer service.

Key Responsibilities:

• Administer and monitor underwriting rules and guidelines, insurance laws and regulations, and rating manuals.
• Work at the highest authority limits on assignments utilizing the highest degree of technical complexity and coordination.
• Develop and maintain relationships with distributors (agents & brokers) in support of business retention and acquisition.
• Partner with customers and distributors (agents & brokers) to determine their Insurance related needs and provide solutions.
• Work under minimal direction, underwrite and analyze new and renewal business within delegated authority levels of highly complex assignments.
• Demonstrate specialized knowledge and expertise in products and industry.
• Support the organization's sales culture by being a Help Point for agents, brokers and customers.
• Contribute to the development of propositions.
• Provide technical guidance, assistance, and training to junior underwriters.
• Proactively seek renewal and new account opportunities.
• Complete detailed opportunity assessment with key distributors to identify growth opportunities.
• Qualify accounts to meet with the organization's appetite, balanced with sound business opportunity.
• Negotiate Terms & Conditions and close deals.
• Cross-Sell other lines of business to increase product density with the account.
• Participate in Sales Team meeting as related to assigned brokers and/or territory.
• Proactively engage in the target account process, managing a qualified list of opportunities 90 to 120 days prior to effective date.
• Update required systems with details of broker/client visits and account status within specified time frame.
• Serve as key contact for assigned target accounts.
• Develop strong broker and client networks as related to industries underwritten by Business Unit.
• Calculate Target Price accurately by utilizing underwriting tools appropriately.
• Drive/manage how Business Unit will deal with emerging issues.
• Resolve any technical issues for the company.
• Provide expertise on coverage issues with claims.
• Develop underwriting manuals, programs, and guidelines.
• Handle & review large/complex underwriting submissions and annual underwriting reviews.
• Benchmark and establish best practices.
• Career Level: Act as a mentor.
• Utilize established financial systems and track metrics and key performance indicators to ensure underwriting authority is meeting standards and business goals.
• Monitor and review work undertaken across a number of small to medium scale projects or a large complex project in order to ensure appropriate use of resources and adherence to schedules.
• Provide advisory services to colleagues on a daily basis, measuring exposure and analyzing risk in order to provide appropriate coverage that meets the organization's risk and compliance processes.
• Research primary data sources, select relevant information, analyze key themes and trends and make recommendations to support operational decision-making such as which coverage to provide.
• Research best practice and provide consultancy to support senior management in developing and improving processes and systems relevant to underwriting.
• Assess complex customer cases, evaluate their unique needs and apply technical techniques and know-how to recommend a solution.
• Build relationships with customers by handling a range of queries and provide advice with the development of an account to create additional value for the organization and customers.
• Apply rating tools and methodologies to own work area to deliver to customers and offer suggestions for improvements.
• Advise senior management on appropriate coverage given to customers and/or ensure accurate calculation of earned premium to protect the organization's interests.
• Model behaviors that demonstrate commitment to corporate values.
• Provide input into performance management discussions of project team members.
• Educate team members and business partners on area of technical expertise.
• Provide guidance and support for team members. Take action to manage own personal development and encourage others to do the same.

Skills and Experience Required:

• Bachelors degree (or equivalent) and 8 or more years of experience in related field.
• Highly influential.
• Able to build relationships to drive business.

Seniority Level

Mid-Senior level

Employment Type

Full-time

Job Function

Other

Industries

Insurance

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