ASSISTANT UNDERWRITER Jobs in Delhi,Mumbai,Chennai - Tiger Asia Risk Services

• We are searching for an experienced, reliable and analytical mind Assistant underwriter who will provide off-shore assistance to senior underwriters. 
• In this role, you will ensure accurate, efficient processing of underwriting submissions related to Financial line products such as D&O, PI, Cyber, Crime. 
• Furthermore, the role holder will develop in- depth knowledge of the Financial line products, will support UW in pre- and post-bind processes and other UW-related tools (like pricing tool, modelling requests / bound packages, compliant program structures, country research etc.).
  

Submission/Renewal Phase

• Name clearance activities.
  
• Timely process submission, input data into the underwriting model,
  
• Data analysis, develop quotation sheet
  
• Perform web search and review info through various sources
  
• Perform risk assessment based on financial and non-financial information
  
• Timely and accurate prepare underwriting referral for senior underwriters
  
• At the request from Underwriting, participate in client/broker meetings to illustrate account implementation capabilities and provide deal structuring advice.
  

Execution Phase

• Timely and accurate processing of pipeline premium.
  
• Proactive engagement with underwriting to ensure for new and renewed accounts an efficient and smooth account hand over, to ensure information received is understood and complete in order to process / instruct policies on system(s).
  
• Ensures timely and complete documentation of files handled by role holder in UW file (on document management system).
  
• Accountable for correct (RI) premium, (RI) commission and tax bookings in processing systems.
  
• Keeps track of implementation progress and liaises with local staff to resolve queries etc. of an account globally (per defined KPI) and proactively take appropriate action.
  
• Premium collection accountability of accounts globally / locally and take appropriate proactive action to ensure optimal collection performance.
  

Maintenance Phase

• At the request of Underwriting, ensure timely and high-quality implementation of mid-term endorsements, issuance of certificates of insurance and focus on premium collection monitoring (according to the processing rules and guidelines, incl. system data entries).
  
• Ensure appropriate communication flow between Underwriting and EO and network for mid-term endorsements.
•  Act as interface role between Underwriting and Local Policy Administration as well as Credit Control teams.
  
• Foster positive relationship with internal/external counterparts to get a mutual understanding of their needs.
  
• Deal with and address requests originating from client/broker immediately and refer to Underwriting as required and as timely as possible. 
• Seek confirmation from Underwriting prior to implementation of change request.
  

General Support

• Develop an internal network for facilitating the transfer of information and data between functions and departments in order to service the requirements of the underwriters and clients.
  
• Develop expert level knowledge with regards to systems and processes and keep abreast of new guidelines published. 
• Act as reference point for others in unit when questions come up and/or uncertainties exist. 
• Upon request, act as SME to provide input / proof-read instructions ahead of them being published.
  
• Ensure data quality accuracy ratios at the defined level/metrics.
  
• You will report to the Team Lead, Middle Office.