Property Underwriter - Senior Manager | Scrabble & Jigsaw
Posted on May 16, 2025
Job Description
<div>Job Overview:<br />
We are looking for an experienced Property Underwriter Specialist to join our team. In this role, you<br />
will be responsible for securing and managing property insurance placements with a focus on meeting<br />
client needs, negotiating competitive terms, and coordinating with insurers to deliver optimal property<br />
insurance solutions. The ideal candidate will have strong industry knowledge, relationships and<br />
excellent negotiation skills to achieve favorable outcomes for clients.<br />
Key Responsibilities:<br />
● Ensure smooth servicing of property and liability policies by promptly addressing client needs<br />
and maintaining client satisfaction.<br />
● Float RFQs for property insurance and negotiate premiums and terms with insurers to align<br />
with client expectations and business requirements.<br />
● Track RFQs and perform quality checks on policy documents to ensure accuracy and<br />
minimize errors in documentation.<br />
● Conduct thorough property risk assessments and prepare detailed due diligence reports to<br />
inform underwriting decisions and enhance risk management.<br />
● Negotiate premium quotes and terms with insurers, particularly for large and medium-sized<br />
property proposals, to secure the best possible coverage for clients.<br />
● Submit Quote Comparison Reports (QCR) within the Turnaround Time (TAT), ensuring all<br />
data entered in the system is accurate and up-to-date.<br />
● Create service presentations for clients and generate monthly MIS reports on pending<br />
property and liability claims to ensure transparent communication.<br />
● Maintain strong relationships with key contacts at insurance companies to support<br />
underwriting needs and ensure effective service delivery.<br />
● Process property endorsement requests, including additions, deletions, and modifications,<br />
while coordinating with insurers to implement changes smoothly.<br />
● Respond to client queries regarding property-related matters within 24 hours to ensure fast<br />
and efficient resolution.<br />
Qualifications<br />
● Education: Bachelor’s degree in Finance, Business, Insurance, or a related field.</div>
<div>● Experience: Minimum of 3 years of experience in property insurance placement or a related<br />
field.<br />
● Skills:<br />
○ Strong understanding of property insurance products, policy structures, and risk<br />
assessment.<br />
○ Proven negotiation skills with experience liaising with insurers, brokers, and<br />
clients.<br />
○ Excellent analytical skills and attention to detail in evaluating policy wordings and<br />
terms.<br />
○ Effective communication and interpersonal skills to build strong relationships and<br />
explain technical information clearly.<br />
○ Proficiency in using insurance placement and CRM software.<br />
○ Has managed flows of 8-10 RFQ per day</div>
<div>Key Details:<br />
● Location: Mumbai<br />
● Compensation: Competitive market pay along with a variable performance-based<br />
component<br />
● Date of Joining: ASAP</div>