Officer, Underwriting (UAEN)

Description

To assess and analyse insurance applications by evaluating risks, reviewing financial and historical data, and ensuring compliance with underwriting policies to support informed decision-making and optimize risk exposure. Additionally, to collaborate with internal and external stakeholders to maintain underwriting efficiency and uphold regulatory standards

Responsibilities

Core Responsibilities:

• Report underwriting recommendations with detailed justifications to senior management for final decision-making and approval.

• Draft and compile comprehensive underwriting reports for internal and external stakeholders to ensure transparency and accuracy.

• Meet with brokers, agents, and clients to gather necessary underwriting information and clarify policy terms and conditions.

• Analyze claims data and underwriting trends to refine risk models and improve underwriting accuracy.

• Research and interpret policy terms, industry regulations, and compliance requirements to ensure adherence to underwriting standards.

• Collect and evaluate applicant information to assess risk exposure, policy pricing, and eligibility criteria.

• Support the development and enhancement of underwriting guidelines, ensuring alignment with industry best practices and company policies.

• Document underwriting decisions systematically, maintaining accurate records to facilitate audits, compliance checks, and performance reviews.

Quality & Excellence Management:

• Observe industry trends and best practices to enhance underwriting efficiency and mitigate potential financial risks.

• Summarize and present risk profiles and underwrite insights to senior leadership for informed decision-making.

• Present underwriting reports and key risk findings to internal teams for process optimization and policy refinement.

Qualifications

Preferred Educational Qualifications and Professional Certifications

• Bachelor's degree in Finance, Risk Management, Insurance, or a related field.

• Professional certifications such as Associate in Commercial Underwriting (AU), or equivalent are a plus.

Experience

• Minimum 0-2 years of experience in underwriting.