VP / EVP – Underwriting

Purabi General Insurance Company Ltd. is one of the oldest, experienced and fastest growing General Insurers in the country. Our continuous expansion program has opened some job opportunities to meet the growing needs. We are proud to be an equal opportunity employer and will do everything possible to ensure that those who are suitable to work within our values and beliefs are recruited to work for us. We are inviting application from Bangladeshi citizens (Both Male and Female) for this position.

Job Location: Head Office, Dhaka.

Job Context:

• Overall responsible for Insurance Underwriting

Major Responsibilities:

• Determine the level of risk for insuring or lending
• Support sales/ business development to ensure them a rock bottom price for bidding.
• Lead, mentor and supervise the underwriting team to ensure high performance and produce.
• Develop and implement underwriting policy(ies), procedures and risk guidelines.
• Stay updated on market trends and adjust practices accordingly.
• Oversee the evaluation of risks for new applications and ensure final decision align with company policies and regulatory requirements.
• Review and make final decisions on complex cases and handle escalated underwriting issue.
• Ensure all underwriting activities comply with company standards and legal regulations.
• Monitor daily workflow, identity service backlogs and implement changes to improve efficiency and meet goals
• Work with other departments such as sales/development, claims, accounts & Reinsurance to align strategies.