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.
