Job Description
Job Description
Job Title: Deputy Manager / Manager – GC&C Underwriting
Department: General Insurance – GC&C (Group Corporate & Commercial)
Function: Underwriting – Property, Engineering, Marine & Miscellaneous Lines
Reports to: AVP – GC&C Underwriting
Location: Head Office (HO), Mumbai
CTC: Up to ₹15 LPA
Work Timing: 10:00 AM to 7:00 PM
Work Days: Monday to Saturday
Industry Preference: Candidates from General Insurance only
Role Summary
We are looking for an experienced underwriting professional to manage and oversee the underwriting functions for Property, Engineering, Marine, and Miscellaneous Lines of Business (LOBs) within the Group Corporate & Commercial (GC&C) segment. The ideal candidate will bring domain expertise in commercial underwriting, risk assessment, and regulatory understanding of general insurance, along with strong analytical and stakeholder management skills.
Key Responsibilities
Handle end-to-end underwriting for large and mid-size corporate accounts under Property, Engineering, Marine, and Miscellaneous lines.
Ensure technical accuracy, risk assessment, and adherence to underwriting guidelines.
Review and analyse proposals, quotations, and policy terms for complex commercial risks.
Collaborate with sales, technical teams, and reinsurers for structured deals.
Ensure compliance with regulatory and internal audit requirements.
Maintain underwriting files and documentation in line with audit standards.
Support the product and pricing team in developing and improving commercial line offerings.
Contribute to product enhancements and recommend risk pricing adjustments.
Monitor portfolio health, loss ratios, and risk accumulation across various geographies and industry segments.
Prepare regular reports and MIS for internal decision-making and IRDAI filings.
Coordinate closely with brokers, corporate agents, and internal stakeholders for seamless policy issuance and servicing.
Provide technical training and guidance to junior team members.
Qualifications & Experience
Education : Graduate in any stream; preference for candidates with insurance certifications (FIII, AIII, or equivalent)
Experience : 5 to 8 years of experience in general insurance underwriting, preferably in commercial lines (Property, Engineering, Marine, Miscellaneous)
Key Skills & Competencies
In-depth knowledge of underwriting for commercial general insurance lines
Strong understanding of risk selection, pricing models, and reinsurance arrangements
Excellent negotiation and communication skills
Proficiency in preparing technical documentation, underwriting manuals, and risk reports
Ability to handle multiple stakeholders and function under deadlines
