Assistant Manager Property Underwriting

apartmentConfidential placeDubai calendar_month 
Job Description
  1. ROLE PURPOSE:
To underwrite a profitable book of Property business with a specific focus on Industrial sector, Power sector and Commercial Properties
  1. KEY ACCOUNTABILITIES:
Description
  • Responsible for achieving International Division's budget for Property LOB.
  • Underwrite risks that are consistent with Company's underwriting philosophy and risk appetite.
  • Develop and maintain strong relationships with business partners (brokers & cedants).
  • Renewal management - Ensure the renewal process including negotiations with brokers and cedants are concluded smoothly.
  • Ensure excellent service levels are delivered to business partners.
  • Actively support in preparation of annual budget for Property line of business in line with organization's growth and underwriting philosophy
  • Underwriting thought process and rationales to be properly documented
  • Structured and regular follow ups with business partners on new business enquiries and renewals.
  • Interact with other verticals within International Division for cross selling and up selling
  • Ensure Internal Guidelines are fully complied
  • Ensure business is booked in proper and timely manner
  • Contribute in preparation of MIS/ad hoc reports
  • Provide necessary support to other departments such as Claims, finance, reinsurance etc. when required

Minimum Qualifications and Knowledge:

Bachelor's Degree (with any stream of engineering degree would be preferred) / ACII/FIII

Minimum Experience: 5 – 7 years of proven Property underwriting experience.

Job-Specific Skills:

  • Good knowledge of property including steel, power, cement, chemical etc underwriting and risk engineering
  • Market knowledge/Intelligence
  • Relationship Management and Networking with business partners.
  • Good computer skills
  • Working under tight timelines and pressure during business seasons.
Behavioral Competencies
  • Analytical Thinking
  • Team-player who can also work independently.
  • Go getter attitude - Structured and result oriented approach
  • Good Communication and presentation skills
  • Multi-task handling
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