Underwriting Officer

Shift: Day Job

Schedule: Full-time

Reports to:

(Position Title of Immediate Superior)

Line Head – Commercial Property and Engineering

Supervises:

(Position/s & number of supervised per position)

Underwriting Officer – 1 FTE

JOB SUMMARY:

(In two or three sentences, summarize the duties and responsibilities of the position)

Responsible for assessing and evaluating risks associated with large/brokers/affiliates segments, ensuring that underwriting decisions align with the company's risk appetite and profitability goals.

Major Responsibilities:

Evaluate insurance applications and determine the acceptability of risks within assigned market segments.

Develop and implement underwriting guidelines, policies, and procedures tailored to specific segments.

Analyze data and trends to make informed underwriting decisions and identify opportunities for profitable growth.

Collaborate with sales and marketing teams to support business initiatives and enhance customer relationships.

Monitor and review existing policies to ensure compliance with company standards and regulatory requirements.

Provide training and mentorship to junior underwriters on best practices and segment-specific knowledge.

Prepare detailed reports and presentations on underwriting performance and risk assessments for management.

Stay updated on industry trends, emerging risks, and changes in regulations that may impact underwriting practices.

Conducts risk inspection if needed.

Conduct in-house seminar and trainings.

Other function needed to attain the company and department goals and objectives.

KEY PERFORMANCE INDICATORS (KPI) TO BE CONSIDERED:

o Combined Ratio

o Gross Written Premium (GWP)

o Turn Around Time (TAT)

o Compliance and Governance

INTERNAL-EXTERNAL CONTACTS

(Please enumerate the position/s and explain briefly the nature and frequency of transaction with these positions.

Internal refers to positions outside your department but within the organization. External refers to position with regular contact outside the organization)

Internal –

- Sales / Distribution Unit

· Nature – provide assistance in inquiries, accounts for approval and other business concerns.

- RI Team

· Nature - RI placement and other reinsurance concerns.

- International Market (IMa) Regional Line Head

· Nature – referral of account beyond local GUL

- Local Risks

· Nature – referral of account which falls Local GI Underwriting Subcommittee Guidelines

Reports to:

(Position Title of Immediate Superior)

Line Head – Commercial Property and Engineering

Supervises:

(Position/s & number of supervised per position)

Underwriting Officer – 1 FTE

JOB SUMMARY:

(In two or three sentences, summarize the duties and responsibilities of the position)

Responsible for assessing and evaluating risks associated with large/brokers/affiliates segments, ensuring that underwriting decisions align with the company's risk appetite and profitability goals.

JOB SUMMARY:

JOB SUMMARY:

JOB SUMMARY:

JOB SUMMARY:

JOB SUMMARY:

JOB SUMMARY: Job Summary: Responsible for assessing and evaluating risks associated with large/brokers/affiliates segments, ensuring that underwriting decisions align with the company's risk appetite and profitability goals.

JOB SUMMARY:

(In two or three sentences, summarize the duties and responsibilities of the position)

Responsible for assessing and evaluating risks associated with large/brokers/affiliates segments, ensuring that underwriting decisions align with the company's risk appetite and profitability goals.

JOB SUMMARY:

(In two or three sentences, summarize the duties and responsibilities of the position)

Responsible for assessing and evaluating risks associated with large/brokers/affiliates segments, ensuring that underwriting decisions align with the company's risk appetite and profitability goals.

Major Responsibilities:

Evaluate insurance applications and determine the acceptability of risks within assigned market segments.

Develop and implement underwriting guidelines, policies, and procedures tailored to specific segments.

Analyze data and trends to make informed underwriting decisions and identify opportunities for profitable growth.

Collaborate with sales and marketing teams to support business initiatives and enhance customer relationships.

Monitor and review existing policies to ensure compliance with company standards and regulatory requirements.

Provide training and mentorship to junior underwriters on best practices and segment-specific knowledge.

Prepare detailed reports and presentations on underwriting performance and risk assessments for management.

Stay updated on industry trends, emerging risks, and changes in regulations that may impact underwriting practices.

Conducts risk inspection if needed.

Conduct in-house seminar and trainings.

Other function needed to attain the company and department goals and objectives.

KEY PERFORMANCE INDICATORS (KPI) TO BE CONSIDERED:

o Combined Ratio

o Gross Written Premium (GWP)

o Turn Around Time (TAT)

o Compliance and Governance

INTERNAL-EXTERNAL CONTACTS

(Please enumerate the position/s and explain briefly the nature and frequency of transaction with these positions.

Internal refers to positions outside your department but within the organization. External refers to position with regular contact outside the organization)

Internal –

- Sales / Distribution Unit

· Nature – provide assistance in inquiries, accounts for approval and other business concerns.

- RI Team

· Nature - RI placement and other reinsurance concerns.

- International Market (IMa) Regional Line Head

· Nature – referral of account beyond local GUL

- Local Risks

· Nature – referral of account which falls Local GI Underwriting Subcommittee Guidelines

Supervises:

(Position/s & number of supervised per position)

Underwriting Officer – 1 FTE

JOB SUMMARY:

(In two or three sentences, summarize the duties and responsibilities of the position)

Responsible for assessing and evaluating risks associated with large/brokers/affiliates segments, ensuring that underwriting decisions align with the company's risk appetite and profitability goals.

Major Responsibilities:

Evaluate insurance applications and determine the acceptability of risks within assigned market segments.

Develop and implement underwriting guidelines, policies, and procedures tailored to specific segments.

Analyze data and trends to make informed underwriting decisions and identify opportunities for profitable growth.

Collaborate with sales and marketing teams to support business initiatives and enhance customer relationships.

Monitor and review existing policies to ensure compliance with company standards and regulatory requirements.

Provide training and mentorship to junior underwriters on best practices and segment-specific knowledge.

Prepare detailed reports and presentations on underwriting performance and risk assessments for management.

Stay updated on industry trends, emerging risks, and changes in regulations that may impact underwriting practices.

Conducts risk inspection if needed.

Conduct in-house seminar and trainings.

Other function needed to attain the company and department goals and objectives.

KEY PERFORMANCE INDICATORS (KPI) TO BE CONSIDERED:

o Combined Ratio

o Gross Written Premium (GWP)

o Turn Around Time (TAT)

o Compliance and Governance

INTERNAL-EXTERNAL CONTACTS

(Please enumerate the position/s and explain briefly the nature and frequency of transaction with these positions.

Internal refers to positions outside your department but within the organization. External refers to position with regular contact outside the organization)

Internal –

- Sales / Distribution Unit

· Nature – provide assistance in inquiries, accounts for approval and other business concerns.

- RI Team

· Nature - RI placement and other reinsurance concerns.

- International Market (IMa) Regional Line Head

· Nature – referral of account beyond local GUL

- Local Risks

· Nature – referral of account which falls Local GI Underwriting Subcommittee Guidelines

Supervises:

(Position/s & number of supervised per position)

Underwriting Officer – 1 FTE

JOB SUMMARY:

(In two or three sentences, summarize the duties and responsibilities of the position)

Responsible for assessing and evaluating risks associated with large/brokers/affiliates segments, ensuring that underwriting decisions align with the company's risk appetite and profitability goals.

Major Responsibilities:

Evaluate insurance applications and determine the acceptability of risks within assigned market segments.

Develop and implement underwriting guidelines, policies, and procedures tailored to specific segments.

Analyze data and trends to make informed underwriting decisions and identify opportunities for profitable growth.

Collaborate with sales and marketing teams to support business initiatives and enhance customer relationships.

Monitor and review existing policies to ensure compliance with company standards and regulatory requirements.

Provide training and mentorship to junior underwriters on best practices and segment-specific knowledge.

Prepare detailed reports and presentations on underwriting performance and risk assessments for management.

Stay updated on industry trends, emerging risks, and changes in regulations that may impact underwriting practices.

Conducts risk inspection if needed.

Conduct in-house seminar and trainings.

Other function needed to attain the company and department goals and objectives.

KEY PERFORMANCE INDICATORS (KPI) TO BE CONSIDERED:

o Combined Ratio

o Gross Written Premium (GWP)

o Turn Around Time (TAT)

o Compliance and Governance

INTERNAL-EXTERNAL CONTACTS

(Please enumerate the position/s and explain briefly the nature and frequency of transaction with these positions.

Internal refers to positions outside your department but within the organization. External refers to position with regular contact outside the organization)

Internal –

- Sales / Distribution Unit

· Nature – provide assistance in inquiries, accounts for approval and other business concerns.

- RI Team

· Nature - RI placement and other reinsurance concerns.

- International Market (IMa) Regional Line Head

· Nature – referral of account beyond local GUL

- Local Risks

· Nature – referral of account which falls Local GI Underwriting Subcommittee Guidelines

Supervises:

(Position/s & number of supervised per position)

Underwriting Officer – 1 FTE

JOB SUMMARY:

(In two or three sentences, summarize the duties and responsibilities of the position)

Responsible for assessing and evaluating risks associated with large/brokers/affiliates segments, ensuring that underwriting decisions align with the company's risk appetite and profitability goals.

Major Responsibilities:

Evaluate insurance applications and determine the acceptability of risks within assigned market segments.

Develop and implement underwriting guidelines, policies, and procedures tailored to specific segments.

Analyze data and trends to make informed underwriting decisions and identify opportunities for profitable growth.

Collaborate with sales and marketing teams to support business initiatives and enhance customer relationships.

Monitor and review existing policies to ensure compliance with company standards and regulatory requirements.

Provide training and mentorship to junior underwriters on best practices and segment-specific knowledge.

Prepare detailed reports and presentations on underwriting performance and risk assessments for management.

Stay updated on industry trends, emerging risks, and changes in regulations that may impact underwriting practices.

Conducts risk inspection if needed.

Conduct in-house seminar and trainings.

Other function needed to attain the company and department goals and objectives.

KEY PERFORMANCE INDICATORS (KPI) TO BE CONSIDERED:

o Combined Ratio

o Gross Written Premium (GWP)

o Turn Around Time (TAT)

o Compliance and Governance

INTERNAL-EXTERNAL CONTACTS

(Please enumerate the position/s and explain briefly the nature and frequency of transaction with these positions.

Internal refers to positions outside your department but within the organization. External refers to position with regular contact outside the organization)

Internal –

- Sales / Distribution Unit

· Nature – provide assistance in inquiries, accounts for approval and other business concerns.

- RI Team

· Nature - RI placement and other reinsurance concerns.

- International Market (IMa) Regional Line Head

· Nature – referral of account beyond local GUL

- Local Risks

· Nature – referral of account which falls Local GI Underwriting Subcommittee Guidelines

Job Qualifications:

Must be a College Graduate of any four-year course (engineering, mathematics related course is an advantage)

Professional Experience:

Must have at least five (5) years’ experience in underwriting Property and Engineering Line of Business.

Must have attended a General Insurance Seminar with Intermediate or Advanced Property and Engineering courses in an authorized training institution. Basic risk management technique and risk surveying is an advantage.

Strong analytical skills with the ability to assess complex risk factors effectively.

Excellent communication and interpersonal skills to collaborate with cross-functional teams.

Skills Required:

Proficient in Microsoft Software and tools.

Ability to make sound decisions under pressure.

Strong negotiation and problem-solving skills.

Commitment to continuous learning and professional development.