Junior Marine Underwriter (for UAE Nationals only)

About the Role
Join us as a Junior Marine Underwriter and become part of a transformative team dedicated to helping customers manage risk effectively. This role offers an opportunity to grow your skills and experience in a supportive environment focused on personal and professional development.

How You Will Create an Impact
In this role, you will:

• Effectively and profitably underwrite, market, sell, and promote all Marine products.
• Take responsibility for profit and sales for the Marine division with a specific focus on the UAE.
• Manage the profitable underwriting of new business production and renewal retention of Marine products through Brokers, Direct Clients, and Business Development Managers.

What You’ll Need to Succeed
Minimum Qualifications/Education/Experience/Knowledge

• Qualifications and Education: Bachelor’s Degree. CII qualifications are a plus.
• Training: No mandatory external training required.
• Knowledge: Familiarity with the Marine Insurance industry.
• Proficiency in MS Word, Excel, PowerPoint, and Outlook.

Job Accountabilities

1. Retention and New Business Development

   • Maintain and develop broker/client relationships.
   • Ensure account retention rates are maintained as per company/department norms.
   • Underwrite new and renewal business to promote premium growth within underwriting authority and achieve overall production goals in collaboration with the Underwriting Manager.
   • Provide sound underwriting decisions, demonstrate flexibility, and price risks to achieve established profit goals.
   • Monitor renewal loss ratios that exceed permissible limits and identify poorly performing accounts.

2. Product and Technology

   • Utilize technology primarily for high-volume, small-ticket policies.
   • Enhance existing processes through the use of available technologies.

3. Other Responsibilities

   • Maintain the Marine Underwriting Guidelines to support corporate strategy and profit goals.
   • Ensure correct use of marine pricing tools; issue all marine quotes, binders, and policies in accordance with regulatory and corporate policies.
   • Adhere to underwriting authority and guidelines referenced in the Marine Intranet site; document all underwriting decisions accordingly.
   • Handle process-oriented tasks to ensure smooth operations.
   • Undertake other tasks as required by the Marine department.

Communication and Working Relationships

• Internal: Collaborate with team members and peer underwriters within Commercial Lines.
• External: Develop business relationships with brokers, producers, clients, risk managers, and loss adjusters.

Key Competencies

• Basic interpersonal and communication skills, both written and verbal.
• Strong negotiation skills.
• Underwriting experience in direct insurance and reinsurance markets.
• Problem-solving skills with a logical approach to work.
• Sound judgment and decisiveness.
• Ability to work to tight deadlines.
• Team player with a customer service attitude.

Benefits
At the company, our people are our greatest asset. We have developed a comprehensive Total Rewards Program to protect and invest in what matters most to you, including health, wellbeing, and financial security, as well as professional development.

Work Environment
We value in-person collaboration as essential to our culture, and we encourage team members to be primarily in the office. This fosters effective teamwork and builds a supportive environment for our team and clients.

Inclusion Commitment
We are committed to creating a culture that respects and values diverse talents, backgrounds, and opinions. Our Employee Resource Groups (ERGs) support our commitment to inclusion and belonging. The company recognizes our commitment to positive change through numerous awards and accreditations.

The company provides equal opportunity to all qualified individuals and is dedicated to accommodating applicants with disabilities.

Functional Area: UW - Underwriting
Company: the company