The position requires a high level of technical expertise and in-depth knowledge in the assigned area of business. The position provides technical expertise as well as administering the underwriting function. Within authority limitations, has the final determination on the acceptance or rejection of the risk.
Key Accountabilities:
Support Sr. Marine underwriters in day to day operations of Syndicate Marine Team
Maintaining relationship with International Marine Brokers to ensure constant flow of submissions
Improving overall portfolio persistency will relieve new business production.
Retention of existing Marine portfolio
Evaluates more complex risks or amounts in excess of field approval limits.
Following underwriting protocols, guidelines and pricing policies
Monitors trends and identifies the need for new or revised underwriting policies, procedures, and practices. Recommends changes to underwriting leadership.
Proactively identifying and pursue up-selling (add-ons) and cross-selling opportunities to maximize profitable revenue potential from new and renewal business and achieve agreed business targets.
Consultative role towards international and local market intelligence, which enables to write business that profits.
Ensure profitable growth of Marine portfolio
May assist the Head of Department in development and implementation of the companies strategic business plan and budget inline with distribution
Provideaccurate, high quality and speedy underwriting service for the assigned limitsthat builds customer relations and credibility.
Assistthe Manager in underwriting decisions after analyzing and pricing the riskbased on information provided in the proposal form/ survey report.
Drivean accurate, high quality and speedy underwriting service that builds customerrelations and credibility.
Mayliaise with Third Part Administrators, reinsurance and claims for servicedelivery issues.
Generate and monitor monthly production reports/ claims analysis
Provides counsel coaching and guidance to underwriters that may not report to them.
Keep the documentation and system up to date
Respond to queries raised by the Managing Agent, Lloyd's of London or Syndicate Manager
Skills Required:
Advanced knowledge and understanding of the Marine Cargo insurance market and regulatory environment; Knowledge of Marine Hull will be plus.
Self organizing skills
Result orientation
Written and verbal communication skills in English.
Strong analytical ability
Problem solving and decision making capabilities
Influencing and interpersonal skills
Basic excel skills
Qualifications:
Graduate degree preferably in Science, Insurance, Risk management, Accountancy, Law.
Insurancecertification from any accredited institute preferable.
5years of underwriting experience in Marine Cargo Business and experience inwriting inward reinsurance business
Proven ability in underwriting, organizing workload under pressure and in leading medium or small teams.
