Job Summary
We are looking for a motivated and detail-oriented professional to join our team as an Underwriting and amp; Placement (EB and amp; Non-EB) specialist. The role involves managing end-to-end underwriting and placement of insurance policies across various lines of business including Property Marine Engineering and Employee Benefits. You will be responsible for evaluating client risk preparing and negotiating quotes and ensuring accurate and compliant policy placement.
Key Responsibilities / Duties
Recommend appropriate insurance policies to clients based on risk gap analysis.
Prepare Broking Slips Quotes and Placement Slips to float in the market.
Assess risk factors to determine coverage eligibility premium pricing and policy terms.
Use underwriting guidelines rating manuals and industry standards to make sound decisions.
Negotiate with insurers to secure competitive premiums and terms.
Manage pre- and post-placement servicing including analysis of raw data and client coordination.
Conduct thorough quality checks of policy documents to ensure accuracy and adherence to approved RFQs.
Analyze existing insurance programs for risk gaps and prepare detailed Portfolio Review Reports.
Maintain records and generate reports on all placements and RFQs.
Required Skills and amp; Qualifications
Strong analytical and critical thinking skills.
Excellent communication and interpersonal abilities.
High attention to detail and accuracy in documentation.
Solid knowledge of insurance underwriting principles and risk assessment.
Proficiency in MS Excel and data analysis tools.
Bachelors degree in Finance Business or a related field.
Minimum 3 years of experience in insurance underwriting and placement.
Preferred / Good-to-Have Skills
Experience working with an insurance broking company is an added advantage.