Cargo Underwriter
Dubai, United Arab Emirates
Job Description
Underwriter
Our Underwriters are at the heart of everything we do, without them our business wouldn\xe2\x80\x99t function.
The Underwriter is a key member of the underwriting team, the individual will have a level of authority to make sound underwriting decisions and contribute thinking and output to operational delivery of the strategy. The individual will take responsibility for maintaining and building new business to profitably grow MS Amlin MENA Limited (MS AUL) and minimise loss exposure.
About The Job
What you\xe2\x80\x99ll spend your time doing:
Here\xe2\x80\x99s a snapshot of some of the key parts of the job:
Here\xe2\x80\x99s a snapshot of some of the key parts of the job:
Underwriting
- Ensure risks are analysed and written in accordance with our appetite and guidelines \xe2\x80\x93 making sound, profitable long term decisions on risks that are written.
- Understand and negotiate reinsurance wordings in line with corporate standards
- Generate and manage business for the specific portfolio and product groups and platforms within the Cargo division.
- Maintain and build effective relationships with existing and new clients through regular contact, demonstrating a clear understanding of their business and how we add value.
- Maintain strong, effective relationships with existing brokers, where appropriate seeking out new opportunities with existing and new brokers.
- Undertake analysis of the portfolio to identify business opportunities, products and clients, ensuring a robust business case.
- Drive the client experience through the efficient oversight of issues raised including product design, liaison and claims management.
- Effectively represent self and class in external activities, groups and committees
Compliance and Risk Management
- Conduct role in accordance with the Company\xe2\x80\x99s Business Ethics policy and all regulated entities as appropriate.
- Manage the location/market so that is complies with relevant risk, regulatory and legal requirements and so that it complies with wider policies.
Management Information
- Play an active role in the regular underwriting meetings
- Ensure the risk entry system is maintained.
- Produce appropriate and accurate class reports as necessary
- Review underwriting figures on a regular basis in order that unusual trends and / or adverse movements may be dealt with by appropriate action
- Act as a peer reviewer on all risks and material endorsement underwritten as necessary
- Monitor premium payments and follow up as necessary.
- Remain alert to developments affecting the business of the class, the potential profitability of the class and opportunities for the class, and to report on such matters, as appropriate, to leadership
You\xe2\x80\x99re going to enjoy this job if you also\xe2\x80\xa6
- Keen learner \xe2\x80\x93 working towards completion of CII accreditation
- Demonstrate understanding of the political risks environment across the globe and how this impacts on insurance provision.
- High attention to detail and accuracy
- Are a strong problem solver
What you\xe2\x80\x99ll need:
For this particular role there are some important qualifications and experience we need you to have. These include:
- Good knowledge and experience relevant underwriting expertise within the specific Location/ Market
- Ability to effectively influence and negotiate skills
- Excellent communication skills
- Sound financial and commercial acumen
What you can expect from us:
A competitive salary and benefits package is a given, but you can also expect:
- A great team and supportive colleagues
- An open mind (especially to new ideas and ways of doing things)
- A strong focus on diversity, inclusion and equal opportunities
- A programme of wellbeing and mental health support
- Employer-supported volunteering (ESV)
- Flexible working
- Continuous learning
- Study support
- Structured career development
About Ms Amlin
MS Amlin is part of a global top-10 insurance group, MS&AD. We\xe2\x80\x99re made up of four distinct businesses covering global reinsurance, Lloyds franchise, local specialty insurer, and business services.
This role sits within our marine team in MS Amlin MENA Limited DIFC part of MS AUL.
Conduct Rules
With the implementation of the SM&CR (Senior Managers & Certification Regime), the Financial Services and Markets Act gave the FCA new powers to write conduct rules and apply them to all employees within a firm. The Conduct Rules set basic standards of good personal conduct. They stipulate that you must:
- Act with integrity
- Act with due care, skill and diligence
- Be open and co-operative with the FCA, PRA and other regulators
- Pay due regard to the interests of customers and treat them fairly
- Observe proper standards of market conduct
#LI-MT1
Beware of fraud agents! do not pay money to get a job
MNCJobsGulf.com will not be responsible for any payment made to a third-party. All Terms of Use are applicable.
Job Detail
-
Job IdJD1489543
-
IndustryNot mentioned
-
Total Positions1
-
Job Type:Full Time
-
Salary:Not mentioned
-
Employment StatusPermanent
-
Job LocationDubai, United Arab Emirates
-
EducationNot mentioned