A reputed insurance company
A reputed insurance company
A reputed insurance company
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Summary
- Vacancy: 01
- Age: 30 to 45 years
- Location: Dhaka, Dhaka (Dilkhusha)
- Minimum Salary: Negotiable
- Experience: 10 to 15 years
- Published: 22 Aug 2024
Requirements
Education
- Master of Business Administration (MBA), Master of Commerce (MCom)
Experience
- 10 to 15 years
- The applicants should have experience in the following business area(s):
Banks, Insurance
Additional Requirements
- Age 30 to 45 years
*Master’s degree in Business Administration or any related course.
*Must be able to develop long-term strategic underwriting goals, cycle management strategy & underwriting policy, and provide underwriting “leadership to the market.
*Must be able to drive proposition management and development within the Underwriting function.
*Develop understanding of new concepts of insurance business.Analyse, evaluate and make underwriting decisions in line with underwriting guidelines and recommendations, coordinating with analysts and other underwriting staff.
*Establish appropriate internal underwriting procedures and criteria to control risk.
- Sound Knowledge about IDRA rules & regularetions.
- Sound knowledge of Financial Management and risk assesment.
Responsibilities & Context
This role is responsible for leading underwriting team, arranging the placement of reinsurance and underwriting in different classes of non-life insurance business.
*To define underwriting strategy and recommend business plans that will generate continued profitable business growth in current and future markets.
*To Oversee and manage all underwriting functions.
*To Oversee design & implementation of rating tools & methodology.
*To analyse, evaluate and make underwriting decisions in line with underwriting guidelines and recommendations, coordinating with analysts and other underwriting staff.
*To review and analyze new insurance applications for risk exposure and compliance with underwriting guidelines.
*To meet and negotiate with clients and brokers
*To build relationships and to develop new and renewal business.
*To review contract wordings and act as signatory of insurance contracts and ensure alignment to U/W guidelines. As the accountable party, work with legal and compliance on policy wordings, marketing collaterals and other regulatory and compliance issues as and when required.
*To establish appropriate internal underwriting procedures and criteria to control risk.
*To delegate Authority and provide underwriting direction to all Underwriters.
*Translate the strategic goals into objectives, and plan for financial and human resources to achieve them.
* Ensure effective leadership & management of underwriting people: pursuing active talent management, driving capability development and creating a high-performance culture.
*Set framework for underwriting decisions e.g. Authority grants, referrals, technical reviews.
*Provide assurance that the business adheres to underwriting governance/compliance principles and regulatory standards.
Skills & Expertise
Analytical Skill
Compensation & Other Benefits
- T/A, Provident fund, Weekly 2 holidays, Insurance, Gratuity
- Festival Bonus: 2
Workplace
Work at office
Employment Status
Full Time
Gender
Only Male
Job Location
Dhaka, Dhaka (Dilkhusha)