Assistant Vice President

3 days ago


Abu Dhabi, Abu Dhabi, United Arab Emirates DAMANA Full time
Job Summary
Responsible for Growth Topline, Bottomline and relationship with clients, Agents, Cedants, Reinsurers and Brokers (RI and Direct) and also collection of Premium/dues.
Personally handle major policies and major clients and major Reinsurers.
Actively underwrite risks (Direct and FAC In)/place FAC Out/handle claims and manage portfolios of different classes of risks both directly and also through the staff.
Propose and recommend terms and conditions in respect of risks/policies, adhering to underwriting guidelines, authority limits, treaty limits and treaty conditions at all times.
Present such terms for approval of senior underwriter or direct manager and in the same way claims.
Underwrite risks within the scope of assigned underwriting authorities/Approve-Review claims. Complete necessary documents and forms relating to respective underwriting transactions for the review of the direct manager as prescribed in the underwriting guidelines and procedures manuals. Issue error-free policies and documents.
Provide appropriate reports.
Comply with regulatory/RI and HO requirements.
Main Responsibilities
Assess the risks offered and review underwriting information including proposal forms.
Decide on appropriate terms and conditions of the quotation to be issued in line with Company's underwriting guidelines.
Deal with referrals from Branch/regional offices in a timely and professional manner.
Underwrite within level of underwriting authorities as delegated and updated from time to time by senior management.
Arrange facultative reinsurance as and when required and ensure that the Company is not left financially exposed beyond reinsurance treaty capacity before binding of risk.
Improve underwriting performance and profitability across all lines of business.
Meet with clients and brokers regularly. Maintain good contacts and cordial business relationships with them over phone on an ongoing basis.
Ensure responses and quotations are given in a timely manner and policies are issued after complying with KYC etc.
Ensure renewal reviews for all policies are carried out in time every month to be able to invite renewals 30 days in advance.
Process important and/or complex policy documentation as and when required.
Experience and Education
10+ years of experience in insurance and underwriting.
University degree is a must.
Holder of professional qualifications e.g. CII or Dip CII.
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