Motor Underwriting Officer

Our⠀Client, a⠀Leading⠀Insurance⠀company is⠀looking to⠀hire a⠀Motor⠀Underwriting⠀Officer to⠀join their⠀team in⠀Abu Dhabi,⠀United⠀Arab⠀Emirates.⠀This⠀opportunity⠀will⠀provide⠀the⠀successful⠀candidate⠀to be⠀involved⠀in all⠀underwriting⠀activities⠀to ensure⠀client⠀satisfaction,⠀through⠀effective⠀and timely⠀processing⠀of new,⠀endorsement,⠀and⠀renewal⠀business.

Key Responsibilities:

• Good⠀knowledge⠀of⠀operational⠀systems,⠀work-flow⠀processes,⠀and⠀policies⠀in support⠀of client⠀service⠀expectations,⠀continuous⠀improvement,⠀and⠀overall⠀efficiency.
• Expert⠀knowledge⠀in the use⠀of the⠀Policy⠀Administration⠀system⠀(Premia)⠀for all⠀policy⠀transactions⠀to⠀effectively⠀drive⠀accuracy⠀and⠀process⠀efficiency.
• Expert⠀knowledge⠀of unified⠀policy⠀wording⠀and all⠀relevant⠀policy⠀clauses⠀for⠀individual⠀and⠀commercial⠀motor.
• A⠀full⠀understanding⠀of⠀reinsurance⠀products⠀and⠀involvement⠀in⠀operations⠀specifically⠀those⠀available⠀to⠀existing⠀motor⠀treaties,⠀as well as⠀the⠀necessary⠀process⠀for⠀facultative⠀cession.
• An⠀expert⠀knowledge⠀of⠀restrictions⠀in⠀underwriting⠀guidelines.
• Expert⠀knowledge⠀of the⠀broker⠀distribution⠀channels,⠀the⠀various⠀tools⠀utilized⠀by the⠀broker and⠀the⠀process⠀interaction⠀between⠀insurer⠀and⠀broker.
• Lead⠀the⠀assigned⠀underwriting⠀activities⠀to meet or⠀exceed⠀expectations⠀on process⠀turnaround⠀time for⠀inspection⠀reviews,⠀new⠀business,⠀renewals,⠀and⠀endorsement⠀transactions.
• Assist⠀in⠀preparing⠀new motor⠀quotations⠀and⠀renewal⠀quotations⠀for⠀corporate⠀clients.
• Study⠀the risk;⠀analyze⠀the data,⠀collect⠀information⠀to proceed⠀with risk⠀acceptance⠀and⠀rejection.
• Selecting⠀appropriate⠀and⠀competitive⠀premiums⠀based on⠀possible⠀risk,⠀information⠀and⠀judgement.
• Ensure⠀that⠀premiums⠀are⠀competitive⠀and⠀specify⠀conditions⠀to be⠀imposed on⠀different⠀types of⠀policies.
• Ensure⠀timely and⠀accurate⠀preparation⠀and⠀delivery⠀of⠀certificates,⠀policies⠀and⠀endorsements⠀in⠀compliance⠀with the⠀prescribed⠀policies⠀and⠀guidelines⠀of the⠀company.
• Negotiate⠀and define⠀the⠀specific⠀terms of⠀insurance⠀policies⠀with⠀policyholders⠀or⠀brokers.
• Keep⠀detailed⠀and⠀accurate⠀records of⠀policies⠀underwritten⠀and⠀decisions⠀made.
• Accountable⠀for the⠀ongoing⠀Underwriting⠀file audit⠀process⠀and⠀reporting⠀of summary⠀results.
• Assist⠀with the⠀development,⠀implementation⠀and⠀communication⠀of⠀corporate⠀goals and⠀objectives⠀to support⠀the⠀business⠀plan.
• Identifies⠀and⠀promotes⠀suggestions⠀to improve⠀processes⠀and⠀quality of⠀service⠀and can⠀lead in⠀the⠀implementation⠀of these⠀improvements.
• Supports⠀and leads,⠀where⠀required,⠀the⠀development⠀and⠀implementation⠀of process⠀improvements⠀to promote⠀increased⠀quality of⠀service.
• Supports,⠀where⠀required,⠀the⠀resolution⠀of⠀consumer⠀and/or⠀broker⠀complaints.
• Assure⠀timely⠀service to⠀assigned⠀clients⠀and client⠀satisfaction.

Requirements

• Proven⠀insurance⠀underwriting⠀experience,⠀ideally⠀within the⠀UAE motor⠀sector.
• Excellent⠀knowledge⠀of⠀insurance⠀policies⠀and⠀ability to⠀relate⠀policy⠀provisions⠀to the⠀loss⠀exposures.
• Preferably⠀holder of⠀insurance⠀certificates⠀(i.e. CII⠀or⠀similar).
• Able⠀to make⠀quick⠀decisions,⠀good⠀judgment,⠀and⠀analytical⠀skills.
• Strong⠀written,⠀verbal⠀communication⠀and⠀negotiation⠀skills.
• Strong⠀communication⠀skills at⠀an⠀individual⠀and group⠀level.
• Ability⠀to provide⠀constructive⠀feedback⠀to improve⠀individual⠀and group⠀performance⠀and⠀provide⠀the⠀necessary⠀development⠀to the⠀Underwriting⠀Supervisory⠀team.
• Ability⠀to lead⠀product⠀and⠀technical⠀training⠀to⠀internal⠀staff and⠀external⠀broker/agent⠀partners.
• Ability⠀to clearly⠀communicate⠀the⠀organization's⠀positioning⠀on issues⠀to⠀internal⠀and⠀external⠀partners.
• Excels⠀at working⠀under⠀pressure⠀and⠀multi-tasking.
• Significant⠀strength⠀in⠀prioritizing⠀competing⠀priorities