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