Underwriting Associate
Designation: Underwriting Associate
Qualifications:Any Graduation
Years of Experience:1 to 3 years
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What would you do? • 6-8 years of experience in Property & Casualty Underwriting or Policy Servicing across shared services/Third Party BPO service providers (Essential) • Hands on experience of managing the one of the following tasks from the earlier experience from Insurance Underwriting Cycle - Policy Issuance, Premium Audit, Pricing Reading, Endorsement, Quote/Booking, Aggregation / Modeling, Contract Reading, Slip Processing, Benchmarking, Binders Processing, Submission, Declarations, Cancellations, Reinstatements, Insurance KYC. Define Insurance policy and calucating premium including terms and condition for Property A process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing either equity or debt securities. Underwriting services are provided by some large specialist financial institutions, such as banks, insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee.
What are we looking for? • Good to have someone with experience in Re-Insurance Fac and Treaty business. • Support regional UA Manager in overseeing all daily business activities and act as the first point of contact for all UAs in the region. • Triages submission for missing information and follows up with the broker for outstanding items. • Issues policies, endorsements, and cancellations; prepares policy writing instructions and premium billings and processes individual policy filings.
Roles and Responsibilities: •• Assists the underwriter in the preparation of business, and metric reports; assists in the review of procedures to resolve issues. • Performs quality control of premium audit statements prior to underwriting review; documents discrepancies and work with the premium auditor for resolution.
Gurgaon
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