Job Title: Senior Underwriter

Job Summary

The Senior Underwriter is responsible for evaluating and assessing risk for insurance applications, making informed underwriting decisions, and ensuring profitability while maintaining compliance with company policies and regulatory requirements. This role also involves mentoring junior underwriters and supporting strategic underwriting initiatives.

Key Responsibilities

Evaluate and analyze insurance applications, financial statements, and risk factors
Underwrite policies across lines such as property, casualty, health, or life insurance
Determine coverage terms, conditions, and pricing based on risk assessment
Review and approve underwriting decisions within assigned authority limits
Develop and maintain strong relationships with brokers, agents, and clients
Ensure compliance with internal underwriting guidelines and regulatory standards
Monitor portfolio performance and recommend risk mitigation strategies
Support product development and underwriting strategy improvements
Provide guidance and mentorship to junior underwriters and team members
Handle complex or high-value accounts and renewals
Participate in audits and ensure proper documentation of underwriting decisions

Required Qualifications

Bachelor’s degree in Finance, Business Administration, Economics, or related field
6–12+ years of underwriting experience in the insurance industry
Strong knowledge of underwriting principles, risk analysis, and insurance products

Key Skills

Advanced risk assessment and analytical skills
Strong decision-making and problem-solving abilities
Excellent communication and negotiation skills
Attention to detail and accuracy
Ability to manage multiple accounts and deadlines
Proficiency in underwriting systems and tools

Preferred Certifications

Professional certifications such as:
Chartered Property Casualty Underwriter (CPCU)
Associate in Commercial Underwriting (AU)
Certified Insurance Professional (CIP)

Work Environment

Office-based or hybrid work setting
Collaboration with internal teams, brokers, and external stakeholders

Key Performance Indicators (KPIs)

Profitability and loss ratio of underwriting portfolio
Quality and accuracy of underwriting decisions
Turnaround time for policy approvals
Retention and growth of key accounts
Compliance and audit performance

If you want, I can customize this for a specific insurance type (life, health, P&C) or tailor it for banking/NBFC underwriting roles.

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Senior Underwriter