Manager, Re-Insurance & Underwriting

Job Description

Title: Manager, Re-Insurance & Underwriting

Company Name: A reputed insurance company

Vacancy: 01

Job Location: Dhaka

Employment Status: Full-time

Educational Requirements:
∎ Master of Business Administration (MBA), Master of Commerce (MCom)
∎ MBA from any reputed institution with good academic result.
∎ Skills Required: Communication

Experience Requirements:
∎ 5 to 7 year(s)
∎ The applicants should have experience in the following area(s): Computer skill
∎ The applicants should have experience in the following business area(s): Insurance

Job Responsibilities:
∎ Define underwriting strategy and recommend business plans that will generate continued profitable business growth in current and future markets.
∎ Oversee and manage all underwriting functions.
∎ Oversee design & implementation of rating tools & methodology.
∎ Analyse, evaluate and make underwriting decisions in line with underwriting guidelines and recommendations, coordinating with analysts and other underwriting staff.
∎ Review and analyze new insurance applications for risk exposure and compliance with underwriting guidelines.
∎ Meet and negotiate with clients and brokers to build relationships and to develop new and renewal business.
∎ 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.
∎ Establish appropriate internal underwriting procedures and criteria to control risk. - 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.

Additional Requirements:
∎ Age 35 to 45 years
∎ Only males are allowed to apply
∎ 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.
∎ Must be able to manage the reinsurance market cycle.
∎ 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.

Salary: Negotiable

Compensation & Other Benefits:
∎ T/A, Provident fund, Weekly 2 holidays, Insurance, Gratuity
∎ Festival Bonus: 2

Job Source: Bdjobs.com Online Job Posting.

Application Deadline: 7 Dec 2023

Company Information:
∎ 23 Nov 2023
∎ A reputed insurance company

Category: Bank/Non-Bank Fin. Institution

: A reputed leading & listed Non-Life Insurance Company of the Country is going to hire the top -level executives.Looking for innovative, self-motivated, pro-active professionals for the following position

Source: bdjobs.com

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