Head of Underwriting

Job Description

Title: Head of Underwriting

Company Name: A reputed insurance company

Vacancy: 01

Age: 30 to 45 years

Job Location: Dhaka, Dhaka (Dilkhusha)

Salary: Negotiable

Experience:

• 10 to 15 years
• The applicants should have experience in the following business area(s): Banks, Insurance

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

• *Master’s degree in Business Administration or any related course.

• 10 to 15 years
• The applicants should have experience in the following business area(s): Banks, Insurance

• Age 30 to 45 years
• Only Male

• *Must be able to develop long-term strategic underwriting goals, cycle management strategy & underwriting policy, and provide underwriting "leadership to the market.
• *Must be able to drive proposition management and development within the Underwriting function.
• *Develop understanding of new concepts of insurance business.Analyse, evaluate and make underwriting decisions in line with underwriting guidelines and recommendations, coordinating with analysts and other underwriting staff.
• *Establish appropriate internal underwriting procedures and criteria to control risk.
• Sound Knowledge about IDRA rules & regularetions.
• Sound knowledge of Financial Management and risk assesment.

• This role is responsible for leading underwriting team, arranging the placement of reinsurance and underwriting in different classes of non-life insurance business.
• *To define underwriting strategy and recommend business plans that will generate continued profitable business growth in current and future markets.
• *To Oversee and manage all underwriting functions.
• *To Oversee design & implementation of rating tools & methodology.
• *To analyse, evaluate and make underwriting decisions in line with underwriting guidelines and recommendations, coordinating with analysts and other underwriting staff.
• *To review and analyze new insurance applications for risk exposure and compliance with underwriting guidelines.
• *To meet and negotiate with clients and brokers
• *To build relationships and to develop new and renewal business.
• *To review contract wordings and act as signatory of insurance contracts and ensure alignment to U/W guidelines. As the accountable party, work with legal and compliance on policy wordings, marketing collaterals and other regulatory and compliance issues as and when required.
• *To establish appropriate internal underwriting procedures and criteria to control risk.
• *To delegate Authority and provide underwriting direction to all Underwriters.
• *Translate the strategic goals into objectives, and plan for financial and human resources to achieve them.
• * Ensure effective leadership & management of underwriting people: pursuing active talent management, driving capability development and creating a high-performance culture.
• *Set framework for underwriting decisions e.g. Authority grants, referrals, technical reviews.
• *Provide assurance that the business adheres to underwriting governance/compliance principles and regulatory standards.

• T/A,Provident fund,Weekly 2 holidays,Insurance,Gratuity
• Festival Bonus: 2