Team Leader - Underwriter

Job Description

Dear job aspirants,We are looking for suitable candidates for Team Leader Underwriting for a reputed life insurance company.CTC : 5.5 LacsLocation : GurgaonRole Purpose :To underwrite and provide technical support for an effective and efficient underwriting team management for the life insurance company venture in Indian market, in line with the companys group and to ensure that Life Insurance venture provides professional underwriting service to its clients and maintain healthy levels of profitability, growth and development.To supervise the underwriting team to maintain the productivity levels as well keep them motivated. Provide quality check and ensure that internal audits and measures are undertaken regularly and reviewed in order to maintain the required process (es), quality and productivity levels.Medical underwriting to be done for Group and Policy Servicing and co-ordinate with bank channels sales personnel for all underwriting queries and resolution.Major Challenges :The nature of the job requires a professionally and technically skilled individual with experience in insurance industry to understand the technical aspects of the job requiring professional experience to deal with complex financial and medical proposals, to provide timely and accurate response to sales queries as well as an efficient management of the underwriting department. It is essential that the individual has a firm grasp of the insurance concepts as the underwriting department deals with risk acceptance on behalf of the company.The challenge also constitutes of keeping the sales satisfied as well as maintaining an efficient team which is skillful and talented. Supervision of the team for optimum productivity to meet the deadlines is part of the challenge. Providing the team with appropriate training in Underwriting concepts, risk analysis, quality and compliance is also a recognized need for efficiency and efficacy.It is also required that the Job Holder is able to motivate staff with widely differing aspirations to work in a high pressure, productivity based environment where deadlines are critical.Underwriting department uses underwriting related software. Therefore it is essential to have knowledge regarding IT systems to provide the required input for system development.Job Context :The context of the Job requires a professional experience in medical underwriting as well management skills. Based on experience, the individual will have an underwriting authority limit and is required to underwrite the cases with the authority limits. Cases above the authority limit will be approved by senior underwriter. The job also requires providing technical assistance to the team and related departments. Co-ordination with CMO (Chief Medical Officer) is also par t of this job.Importance is given to efficient communication skills as there may be situations where it is required to talk to customers in case of sensitive issues such as medical findings or cover restriction which the sales may not be equipped with enough knowledge to fully explain and satisfy a customer. The job also requires efficient resolution of sales queries.Technical expertise is stressed upon as the Job require experience of analysis of complex medical and financial documents, estimation of extra premium to be charged, specific underwriting such as revival and group medical underwriting, understanding of different plans and a basic knowledge of the software used in Underwriting both from technical aspect and user aspect.Management skills are also required to manage the team in terms of efficiency, quality, supervision, training and staff recruitment. The individual should be practically prepared to work beyond the existing boundaries or rules for enhancing the effectiveness and efficiency of the Company.Management & Leadership of Regulatory, Compliance & Operational RiskReport any operational risk or operational risk loss to the line manager immediately (who is required to timely report to Operational Risk Coordinator) if the jobholder becomes aware of emerging or inadequately controlled operational risk or identify an operational risk loss in accordance with section B.1.2 of the Group Operations FIM.If your profile matches our requirement and you are interested in this position you may share your latest updated C.V. with us on the below mentioned email id.Best regards,Reliable Allied ServicesRahulhidden_mobilehidden_email

Keyskills :
medical underwritingriskrisk managementautomated underwriting systemsunderwriting