Job Description
Job Title: AVP - Lead Liability Underwriting
Department : Global Corporate & Commercial (GC&C)
Location : Vikhroli, Mumbai
Work Schedule : Monday to Friday
Reporting To : Head of GC&C India (with matrix reporting to Regional Head of LOB, Asia)
Industry Preference: General Insurance
Position Summary
We are seeking a strategic and results-driven Team Lead – Line of Business (LOB) to lead the development and execution of underwriting strategy within the Engineering or relevant commercial lines portfolio under GC&C India. The ideal candidate will ensure effective portfolio performance, maintain governance, and cultivate market relationships while aligning with global and regional GC&C business objectives.
Key Responsibilities
- Strategy Development & Execution
Formulate and implement a structured underwriting and portfolio strategy aligned with global and regional GC&C LOB guidelines.
Define and monitor KPIs for underwriting processes.
Ensure technical adherence to GC&C risk appetite and operational standards.
Lead market-facing underwriting activities and product positioning.
Key Result: Sustainable and diversified portfolio delivering long-term profitability.
- Underwriting Performance & Portfolio Management
Own full P&L responsibility for the LOB.
Achieve top-line (GWP) and bottom-line (NTR) business objectives.
Implement corrective actions based on product or hazard grade, producer, or market performance.
Strengthen relationships with brokers, clients, and industry stakeholders.
Key Result: Delivery of planned revenue and profitability targets.
- Underwriting Excellence & Technical Enablement
Drive adherence to technical underwriting guidelines and tools.
Monitor financial KPIs including premium adequacy.
Control data accuracy, risk exposure, and accumulation levels including CAT modeling.
Utilize GC&C treaties to reduce leakage and improve profitability.
Key Result: Accurate underwriting, improved risk selection, and enhanced profitability.
- Governance & Regulatory Compliance
Implement GC&C governance frameworks (e.g., UQAs, TURs, accumulation controls).
Ensure compliance with internal policies and external regulatory guidelines.
Maintain and update local LOB underwriting guidelines.
Coordinate with internal departments including Audit, Finance, Actuarial, and Planning.
Key Result: Strong audit controls and regulatory compliance.
- Leadership & Talent Development
Build and lead a high-performing underwriting team.
Drive capability development, coaching, and knowledge sharing.
Foster a culture of collaboration, accountability, and continuous improvement.
Create a talent pipeline for succession planning.
Key Result: Engaged, skilled, and performance-driven team.
Education
Qualifications & Requirements:
Graduate/Postgraduate, preferably in a quantitative discipline (Economics, Engineering, Statistics, Physics)
Professional Insurance Qualification (e.g., AIII, FIII, ACII, CPCU)
Experience
Proven success in underwriting and managing profitable LOB portfolios
Experience in managing country-level LOB portfolios
Exposure to global business environments and multicultural teams
Skills
Deep understanding of underwriting, risk selection, and portfolio management
Strong knowledge of local insurance market and competitive landscape
Excellent stakeholder management, negotiation, and coaching abilities
High analytical, communication, and presentation skills
Team-building and leadership qualities
Proficiency in English (additional languages a plus)
Willingness to travel as required
