Senior Underwriter - General Insurance

Get AI-powered advice on this job and more exclusive features.Our office in Dubai is currently recruiting for a Senior General Underwriter (excluding medical) who will be responsible to actively assist the department manager to underwrite risks and manage portfolios of different classes of risks.In addition to the above, the Senior Underwriter will be largely responsible for the following: 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.Underwrite risks within the scope of assigned underwriting authorities.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.Main Functions: 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 regional offices in a timely and professional manner.Arrange facultative reinsurance as and when required (100% or partial) and ensure that the Company is not left financially exposed beyond reinsurance treaty capacity before binding of risk and take approval for RI Securities.Handle direct communications with clients on major policies and fronting policies.Support department head to improve underwriting performance and profitability across all lines of business.Meet with clients and brokers as and when required. Maintain good contacts and cordial business relationship with them over phone on an ongoing basis.Ensure responses and quotations are given in a timely manner.Renewal - Ensure renewal reviews for all policies are carried out in time every month to be able to invite renewals 30 days in advance and collection/claims checked and followed up till completion of renewal and providing stats to HO on renewals lost.Process important and/or complex policy documentation as and when required including KYC process, issue of certificates as and when required.Policy Checking - Review all documents produced by Processors to ensure they reflect inter alia the correct terms, conditions, sum insured, premium and deductibles. (all policies) and keep tab of unissued policies for follow up.Assist department head in preparation of reinsurance treaty renewal information and other information with regard to reinsurance treaties as and when required.Assist department head in preparation of budgets and various reports including MIS as and when required – Including monthly and treaty reports.Adhere to the Company’s internal procedures and policies including but not limited to underwriting guidelines and underwriting authorities.Perform such other duties as may be required from time to time.Claims Registration and Processing – as and when assigned.Assist in Collection of Premium and follow ups.Qualifications University degree is a must or holder of professional qualifications e.g. CII or Dip CII.Substantial progress towards ACII.Expert knowledge in Underwriting.Strategic understanding of international and local laws and regulations.Good command in English.Preferably bilingual.Seniority level Seniority level Associate Employment type Employment type Full-time Job function Job function Consulting Industries Insurance Referrals increase your chances of interviewing at DAMANA by 2x Get notified about new Insurance Underwriter jobs in Dubai, United Arab Emirates.Senior Manager – General Insurance (14+ Years Experience)Manager – Treasury and Insurance - Dubai Holding Hospitality Assets Finance & Insurance Manager

AL Futtaim Finance

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