Head of Underwriting

• Leadership and Management:
  
• Lead and manage the underwriting team providing guidance mentorship and performance evaluations.
  
• Foster a collaborative and highperformance culture within the team.
  
• Recruit train and develop underwriting staff to ensure a high level of expertise and professionalism.
  
• Underwriting Strategy and Policy:
  
• Develop and implement underwriting policies and guidelines to ensure consistent risk assessment and decisionmaking.
  
• Set underwriting standards and ensure adherence to regulatory requirements and company policies.
  
• Continuously review and improve underwriting processes to enhance efficiency and effectiveness.
  
• Risk Assessment and Management:
  
• Oversee the evaluation and assessment of insurance applications to determine risk and appropriate coverage terms.
  
• Ensure that underwriting decisions are made within the framework of the company s risk appetite and underwriting guidelines.
  
• Monitor industry trends and emerging risks to adjust underwriting strategies accordingly.
  
• Portfolio Management:
  
• Manage the underwriting portfolio to ensure profitability and balanced risk exposure.
  
• Analyze portfolio performance and make datadriven decisions to optimize underwriting results.
  
• Implement corrective actions as needed to address adverse trends or underperforming segments.
  
• Collaboration and Communication:
  
• Work closely with other departments including sales claims and actuarial to support overall business objectives.
  
• Communicate underwriting decisions and rationale to internal stakeholders and external clients as necessary.
  
• Represent the underwriting department in meetings with senior management and other key stakeholders.
  
• Product Development and Innovation:
  
• Collaborate with product development teams to design and refine insurance products.
  
• Provide underwriting insights and feedback to ensure new products meet market needs and risk management standards.
  
• Stay abreast of industry developments and leverage new technologies and data analytics to enhance underwriting practices.
  
• Compliance and Audit:
  
• Ensure compliance with all relevant regulations industry standards and internal policies.
  
• Conduct regular audits of underwriting activities to ensure adherence to guidelines and identify areas for improvement.
  
• Address any compliance issues or audit findings in a timely manner.
  

Requirements

• Bachelor s degree in Business Administration Finance Insurance or a related field; advanced degree or relevant certifications (e.g. CPCU ARM) preferred.
  
• Minimum of 10 years of underwriting experience in the insurance industry with at least 5 years in a leadership role.
  
• Strong leadership and team management skills.
  
• Excellent analytical and decisionmaking abilities.
  
• Indepth knowledge of underwriting principles practices and regulatory requirements.
  
• Exceptional communication and interpersonal skills.
  
• Proficiency in underwriting software and data analytics tools.