Senior Employee Benefits Underwriter

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First
Basic information
Job role
Finance
Career level
Mid Career (2-6 years)
Keywords
Senior Employee Benefits Underwriter
People
Second
Description
  • Evaluate and assess proposed risks to set accurate, adequate, and competitive premiums.
  • Conduct pricing analysis on the book of business, ensuring that premiums are both competitive and affordable.
  • Handle large and complex accounts, including those with high Gross Written Premium (GWP).
  • Assist junior team members in their roles, providing guidance and support to enhance their skills and performance.
  • Develop and deliver training to ensure team members are knowledgeable about underwriting practices and procedures.
  • Study and assess new group submissions from the sales team, working closely to gather necessary information for pricing.
  • Calculate renewal rates based on group experience, contract terms, and conditions.
  • Assist the sales team during negotiations with prospects or existing clients, aligning client needs with benefits and budget considerations.
  • Contact reinsurers as needed to support underwriting decisions and obtain necessary information.
  • Ensure adherence to underwriting guidelines and department authority matrix.
  • Prepare and present monthly reports and dashboards to track performance and outcomes.
  • Monitor and analyze portfolio performance, identifying trends and recommending improvements.
  • Build and maintain relationships with other business areas to enhance communication and facilitate decision-making processes.
  • Carry out assigned tasks effectively to achieve both personal and business goals, in accordance with organizational rules and guidelines.
Requirements
  • Bachelor’s degree in business, Finance or Actuarial Science from a reputable university.
  • Medical background is an advantage.
  • Minimum 2 years of experience as an Underwriter is required.
  • Strong analytical skills.
  • Good oral and written communication skills.
  • Commitment to teamwork.
  • Good computer skills.
Third
Company information
Industry
Medical/Hospital
Area
New Cairo