Insurance Risk Manager

1 week ago


Dubai, Dubai, United Arab Emirates Intelligent Solutions HR Full time
Job Overview

Our client, a leading global Insurance provider, is seeking 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.

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.


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