Job description
Key Objectives and Major Responsibilities:
1. The purpose of this role is to measure the customers risk exposures, analyze historical data and assist in determining the premium that needs to be charged to ensure that risk.
2. The individual will play an essential role in implementation of these projects from the prospect of our insurance domain.
3. Major responsibilities include analyzing customer data set and aggregating the risks of different lines of business (such as General Liability & Automobile Liability) with the help of prescribed tools and techniques.
4. Assessing the risks, and further segregating the various types of exposures amongst key factors such as state, territories, vehicle type, weight, radius, etc.
5. Accurately checking data discrepancies, and proactively highlighting them to the underwriters.
6. Summarizing the key findings, assumptions, and factors to keep in mind which would help Underwriters make accurate pricing decisions.
7. Working with risk assessment information and identifying data sources that can be used for making accurate pricing decisions.
8. Knowing relevant legal, regulatory, ethical, and social requirements with client’s mandates and adhering to them while processing various accounts.
9. Contributing to the organizational values by actively engaging in the larger learning and development process.
10. Driving concise, structured, and effective communication with peers and clients.
Key Capabilities and Competencies
Knowledge
1. Fundamental understanding of insurance, its key terminologies, and the insurance value chain as a whole
2. Awareness of the different kinds of insurance products within various lines of business (commercial and personal lines)
3. Awareness of basic underwriting criteria for a product or line of business.
4. Cognizant of how premium calculations work.
5. Valuable insights on policy extensions, limitations, and exclusions for business being underwritten.
6. Recognizes various concepts, jargons, products employed in underwriting and the insurance industry.
Skills
1. Proficient with MS Office.
2. Work with client’s system for Underwriting.
3. Strong analytical skills to analyze given data using prescribed tools and techniques.
4. Good logic building skills to draw logical and accurate insights.
5. Professional writing and communication skills with the ability to formulate structured and concise emails, presentations, and documents.
6. Competent to work in an active and diverse environment by being mindful of the cultural and regional differences with peers and clients.
7. Embodies an exceptional problem-solving aptitude.
8. Non- Finance profiles needed

Role: Underwriter
Industry Type: Insurance
Department: BFSI, Investments & Trading
Employment Type: Full Time, Permanent
Role Category: General Insurance

Education
UG: B.Sc in Maths, Statistics, General, B.Com in Any Specialization, B.A in Economics, Statistics, Maths
PG: M.A in Any Specialization, M.Com in Any Specialization, MBA/PGDM in Advertising/Mass Communication, Information Technology, International Business, Operations, MS/M.Sc(Science) in Maths, Statistics

Key Skills
Insurance Underwriting MS Office Communication Skills