Assistant Managing Director- Underwriting

Job Description

Title: Assistant Managing Director- Underwriting

Company Name: Islami Insurance Bangladesh Limited

Vacancy: 1

Age: 40 to 55 years

Job Location: Dhaka

Salary: Negotiable

Experience:

• At least 12 years
• The applicants should have experience in the following business area(s): Insurance

• Master of Commerce (MCom)
• Master of Business Administration (MBA) in Finance

• M.Com/MBA Finance/Master of Insurance and Risk Management (MIRM)/ having degree of ABIA/ACII (UK/Malaysia) will get preferred.

• At least 12 years
• The applicants should have experience in the following business area(s): Insurance

• Age 40 to 55 years

• Must have full time work experience in a reputed non-life Insurance Company.

• analyze financial data

• evaluate degree of financial risk

• follow contract, property, or insurance laws

• gather relevant financial data

• identify financial risks to company

• inspect property

• make decisions

• review data on insurance applications or policies

• use computers to enter, access and retrieve financial data

• write business correspondence

• Proven works experience in reputed non-life Insurance Company

• Sufficient knowledge of modern communication techniques and best practices

• Familiarity with industry’s rules and regulations and must have Excellent Leadership skills.

Responsibilities:

• Insurance Underwriter’s Tasks Performed

• Authorize reinsurance of policy when risk is high.

• Decline excessive risks.

• Decrease value of policy when risk is substandard and specify applicable endorsements or apply rating to ensure safe profitable distribution of risks, using reference materials.

• Evaluate possibility of losses due to catastrophe or excessive insurance.

• Examine documents to determine degree of risk from such factors as applicant financial standing and value and condition of property.

• Review company records to determine amount of insurance in force on single risk or group of closely related risks.

• Write to field representatives, medical personnel, and others to obtain further information, quote rates, or explain company underwriting policies.

• As per Company`s Service rules.