Senior ZGEBS M.E Underwriter

Job Summary

Zurich Middle East is part of Zurich Insurance Group, one of the world's largest and most experienced insurers. Our mission is to help our local community understand and protect themselves from risk both locally and globally.

As a member of the Zurich Global Employee Benefits Solutions (ZGEBS) Middle East team, you will be responsible for underwriting and analyzing new and existing Group Life & Group Medical Business within delegated authority levels, under direct supervision, to achieve business goals and maximize customer experience.

The Zurich Global Employee Benefits Solutions team helps multinational companies find the right financing solutions for their global employee benefit plans.

Job Accountabilities

As Senior ZGEBS M.E Underwriter, your role will involve:

Providing technical pricing support and guidance to customers and distributors under delegated authority.

Demonstrating technical excellence in pricing large corporate healthcare schemes and skills in evaluating medical trends and key inflation drivers.

Having a deep understanding of private medical insurance benefits offered in the region and minimum benefits mandated by the regulators.

Providing technical pricing impacts for benefit changes and suggestions on enhancements/cost containment of benefits with related impacts to the clients and related functions.

Working within delegated limits and authorities on complex assignments, requiring coordination and negotiating skills to achieve business goals and maximize customer experience.

Working closely with distributors and other operational areas to achieve the business plan, leveraging knowledge to impact strategy relating to underwriting expertise, systems, procedures, and processes.

Completing assignments of high complexity while working within delegated authority.

Serving as an expert in specialist underwriting areas as needed, keeping up to date with any changes or developments in these areas.

Providing technical underwriting expertise and guidance to customers and distributors, consistently providing excellent customer service.

Contributing to the delivery of underwriting strategy by sharing best practices across territories and functions.

Creating productive distributor relationships by consistently requesting the correct evidence, making the correct decision, and explaining rating decisions.

Completing a range of queries and referrals within agreed authority limits, measuring the exposure & analyzing the risk of each case to maintain underwriting standards.

Proactively identifying and contributing to the development and improvement of technical underwriting standards, controls, practices, and procedures to better meet business goals.

Proactively identifying and contributing ideas for the development of new or enhanced propositions/procedures/philosophy, ensuring we charge the right premium for the associated risk.

Proactively and responsibly taking ownership for personal development and acting as a role model contributing to a positive and supportive team culture.

Facilitating quality for the team, providing feedback on errors and conducting root cause analysis to avoid repeated mistakes; recommending change or remedial action where appropriate.

Utilizing established financial systems to monitor profitability and growth of specialty areas of business and providing recommendations around aspects requiring change.

Developing a business case for projects in own area to determine potential benefits, clarify the rationale for investment, and support the planning process.

Job Qualifications

To be successful in this role, you will need:

Bachelor's degree (or equivalent) in Finance and 8 or more years of experience in a related field.

Other professional qualifications such as AFPC (Pensions), APMI, IMC.

Healthcare pricing experience for large corporates in the region.

Familiarity with customer needs and those of their advisers.

An ability to understand, interpret, and translate customer requirements into deliverables.

A good understanding of DC pensions and an awareness of current pensions issues.

Good understanding of the compliance requirements affecting dealings with Intermediaries, Trustees, Companies, and members.

Understanding of ZCS's DC objectives.

Excellent communication, influence, and motivation skills.

Business planning and organization skills.

Why Zurich

At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right?

We are an equal opportunity employer who knows that each employee is unique - that's what makes our team so great!

Join us as we constantly explore new ways to protect our customers and the planet.

Location(s): AE - Dubai

Remote working: No

Schedule: Full Time

Recruiter name: Leigh Jeremy Jaye Santander

Hiring Manager: Faizan Shaikh

Closing Date: November 3, 2024

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