Job Summary:
- The job holder is responsible for sourcing international business through brokers, maintaining working relationship with brokers and converting submissions into bound business.
- The job holder is responsible for assessing and underwriting new and renewal business, maintaining renewals base, achieve business and profitability targets.
- The job holder is expected to operate within the syndicate rules and regulations.
Key Responsibilities:
- The person requires good networking with reputed reinsurance brokers mainly based in London, Dubai, Singapore markets.
- Ensure adequate submission flows from different brokers
- The position requires a good level of technical expertise and knowledge in underwriting Property, Power and Construction line of business.
- Applies underwriting and risk selection techniques to determine the acceptability of new and renewal insurance risks.
- Provide quotes to brokers within reasonable time and provide service to brokers.
- Comply with Lloyds underwriting control including rating, peer review, underwriting guidelines etc.
- Gather, prepare and present monthly management reports on own activity.
- Assess, evaluate and price risk using risk modelling techniques and prescribed underwriting guidelines
- Ensure timely booking of business in the system.
- Assist in providing an accurate, high quality and speedy underwriting service that builds broker relations and credibility
- Liaison with operations, reinsurance and claims on as required basis
- Responsible P&L for assigned class of business.
Qualifications and Skills:
- At least 5 years experience as an underwriter or broker writing Property, Power and Renewables risks for a Syndicate, International company, or an International Broking House.
- As the role excludes the United States and Mena regions a strong focus on International Property and Power is desired but other appropriate experience will be considered.
- Sound knowledge and understanding of the International Reinsurance Market
- Specialized in Property, Power and Renewable Energy
- Generalized in Marine and Construction Line of Business will be an advantage.
- Written and verbal communication skills in English
- Problem decision making capabilities
- Influencing and interpersonal skills
- Negotiation Skills
- Reasonable knowledge of MS Applications (Word, Excel, etc.)
Key Performance Indicators:
- GPW target as per Syndicate SBF
- Profitability target as per Syndicate SBF
- No. of submissions
- Adherence to Underwriting Control Protocol
