Senior Process Executive / Subject Matter Expert
- Cognizant
- 2 - 7 years
- Noida, Gurugram
- 4 months ago
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Job Description
Job Profile: Underwriter Personal Lines
As an Underwriter you will accept, retain and classify moderate exposure new and renewal policies (case and account underwriting) based on granted authority. We'll count on you to manage an assigned underwriting territory to build agency relationships, identify business trends and help drive profitable growth for agencies. You will be key to provide input into portfolio underwriting on business and selection practices of agents within their territory and helps drive agency action plans. You will be counted on as a key partner with sales, claims, and other internal resources to drive profitable growth. You may also assist with transfer underwriting efforts.Job Description:
Key Responsibilities:
- Obtains agency, district, and market information from published sources, company data bases, and partnerships with sales, claims, agency and portfolio to perform underwriting analysis and identify business trends and opportunities for profitable growth
- Reviews individual risks for acceptability and handles those within authority based on company underwriting guidelines and standards. Uses critical thinking and understanding of the market and underwriting best practices to assess the total risk proposition and alternatives for acceptability. May analyze issues related to rules performance through automated systems.
- Completes assigned underwriting transactions and tasks within established time and service standards. Strives to complete all transactions in a first time final mode.
- Makes decisions to accept, modify or decline personal lines business based on underwriting analysis, best practices and judgment. Determines the proper classification of risks to ensure the matching of price and product to the customer.
- Plans completion of assignments to meet agreed upon timelines and service level agreements.
- Consults with agents and collaborates with internal partners regarding underwriting decisions. Uses underwriting curiosity to recommend additional products, coverages and discounts to ensure the agency and customer receive maximum value and adequate coverage. May consult regarding risk mitigation strategies.
- Communicates underwriting decisions to agencies and internal departments. Provides clear communication of rationale for decisions and options. Chooses most effective communication method based on issue, situation and audience.
- Strengthens agency relationships through regular contact on underwriting matters, promoting profit and new business growth, renewal retention and service capabilities. May participate in the management of agency performance as part of the underwriting team.
- Responds to requests from agents and underwriting staff with resolution within established time and service standards. May handle escalated customer service issues based on authority level. Routes issues outside of authority level to appropriate individuals.
- Participates in training classes, department and company meetings.
Typical Skills and Experiences:
Education: Bachelor's degree preferred.
License/Certification/Designation: Pursuit of technical insurance coursework such as CPCU preferred.
Experience: One year of underwriting or equivalent experience preferred for SPE and 5+ yrs of exp for SME.
Knowledge, Abilities and Skills: Standard business policies, practices and procedures. General understanding of basic analytical and financial techniques. Acquires and maintains an understanding and adheres to state specific statutes involving underwriting, applicable insurance laws and regulations. Strong critical thinking and decision-making skills are required. Strong verbal and written communication skills necessary to interact with all levels of internal and external contacts. Key competencies include: business acumen, functional/technical skills, command skills, interpersonal savvy, negotiating, problem solving, drive for results, managing and measuring work, customer focus, and decision quality. Ability to be flexible and adaptable to changing situations.
Valid PAN Number - _____________________(Why PAN Required > Mandatory to Process Candidature & Find Duplicity in Internal PAN Validation Process and also to initiate a screening call
Please reach out in case of any queries.
Sonali Chattopadhyay I Associate People Success
Orcapod Consulting Services Pvt Ltd.
Email I so*****************y@or****d.work
www.orcapodservices.com
9548431***
Job Classification
Industry: BPM / BPOFunctional Area / Department: BFSI, Investments & TradingRole Category: Banking OperationsRole: Banking Operations - OtherEmployement Type: Full timeContact Details:
Company: CognizantLocation(s): Noida, Gurugram
Keyskills: P&C Insurance Property And Casualty Insurance Property And Casualty Underwriting Personal Lines
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