About the Role
The company Global Healthcare Benefits (CGHB) is expanding its presence across the Middle East, and the Middle East Underwriting team is integral to this growth. We are currently looking for an Underwriter to join our team in Dubai during a time of strategic transformation. This position reports to the Underwriting Manager and involves crucial responsibilities regarding risk analysis, rate development, pricing, and consultative underwriting. The successful candidate will contribute to our goal of achieving profitable growth and earnings for the organization, with the authority to make informed decisions based on comprehensive financial insights. A strong understanding of market competitive conditions, along with predictive techniques for risk exposure calculation, is essential. Familiarity with the health insurance product suite, regulatory guidelines, and operational processes is expected. We seek a candidate who is energetic, creative, and dedicated to self-development.
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Critical Tasks and Expected Contributions / Results:
- Evaluate, price, and develop insurance plans for SMEs and large corporations according to organizational and market strategies.
- Conduct in-depth analysis and pricing of renewal portfolios, collaborating with sales representatives, brokers, and clients to execute necessary rating actions.
- Manage a diverse portfolio of accounts, ensuring balance between long-term profitability, persistency, and growth.
- Perform analytical reviews to discover and comprehend trends, patterns, and insights for effective portfolio management.
- Collaborate with sales and client management teams to secure and maintain business relationships.
- Work closely with operations and clinical teams to guarantee proper product utilization.
- Maintain robust connections with finance and actuarial teams to assess the efficiency of pricing strategies and models.
- Investigate instances of non-compliance in benefit adjudication and coordinate with appropriate managers to ensure adherence.
- Provide clear, concise, and decisive instructions concerning risk exposure.
- Stay informed about the market, competition, and customer needs.
- Deliver accurate and timely underwriting metrics to the Underwriting Manager.
Skills Required:
- High level of numeracy.
- Data analytics and predictive modeling expertise.
- Strong problem-solving and critical thinking abilities.
- Results-oriented approach.
- Solid business and financial acumen.
- Proficiency in Excel and other Microsoft Suite programs.
- Exceptional teamwork skills.
- Excellent verbal and written communication skills in English.
Personal Competencies Required:
- Actively listens to customers, business partners, and competitive intelligence to achieve profitable underwriting results.
- Capable of making quick, informed, and commercially sound decisions without undue influence from external factors.
- Negotiates and resolves conflicts efficiently and swiftly.
- Strong time management skills with effective prioritization capabilities.
- Demonstrates a high degree of professional and ethical integrity.
- Analytical mindset with the ability to investigate and resolve emerging issues.
- Energetic, passionate, and innovative in work and personal development.
- Capable of holding articulate and confident conversations.
Education and Other Requirements:
- Graduate degree in Mathematics, Statistics, Engineering, or a related field.
- Up to 5 years of relevant working experience.
- Demonstrated passion for analytics with proven experience in the field.
- Preferably knowledgeable about the health insurance industry.
- Pursuing professional qualifications or continued education will be advantageous.
