Underwriting Manager Future Generali India Life Insurance

About Future Generali India Life Insurance

Job Description

Job Location - Mumbai (Vikhroli) Job purpose To appraise and underwrite application for insurance, assess mortality and morbidity risk within company guidelines to assure equitable treatment of policyholders and producers and meet the companys financial objectives. In addition to provide: Guidance to the field force and other underwriting staff regarding underwriting philosophy and segmentation, Interact with the reinsurers for complex underwriting cases and Train other members of the underwriting team Managerial and functional responsibilities Scrutinizes applications and related documents Makes the final evaluation on risks for almost all cases Ensures adherence to laid down processes and procedures Reviews and approves underwriting recommendations of junior underwriters Generates and analyses MIS by tracking cases accepted on modified terms and case declined; as well as tracking underwriting cases for pending status Maintains strict check on the underwriting cases handled by the underwriters on an ongoing basis Ensures that guidelines as set by the regulators, re-insurers and internal auditors are met Builds in-house underwriting capability Identifies employee training needs Conducts training on medial and non-medical aspects of underwriting Supervises and coaches subordinates to ensure timely and quality service Job requirements Qualifications BSC or B Pharm or B Com Experience University Graduate with at least 5 -8years relevant experience in life underwriting areaLOMA qualification/FLMI / FIII / Diploma in Insurance is preferred Functional and Behavioral requirements Underwriting limits of at least 50 lakhs,