Manager, Underwriting (Medical)

Description

Strategic & Managerial Responsibilities

• Formulate underwriting policies ensuring risk alignment, profitability, and regulatory compliance while optimizing decision-making for sustainable business growth.
• Initiate process improvements integrating automation and analytics to enhance underwriting accuracy, efficiency, and competitive advantage in the market.
• Foster collaboration between underwriting, sales, and claims teams to align strategies, improve coordination, and streamline underwriting workflows.
• Implement risk assessment frameworks incorporating market intelligence, predictive analytics, and underwriting best practices to optimize portfolio performance.

Core Responsibilities

• Manage underwriting operations, oversee risk assessments and ensuring policy terms align with corporate risk appetite and industry standards.
• Monitor market trends, analyzing underwriting performance data to refine strategies and maintain competitive positioning within the industry.
• Enhance pricing models through data-driven methodologies, ensuring profitable underwriting decisions and risk-adjusted premium structures.
• Oversee policy renewals, ensuring compliance with underwriting standards and risk mitigation protocols while maintaining client satisfaction.
• Develop and maintain strong relationships with brokers and clients, promoting business growth and customer retention.
• Plan and present underwriting performance reports, providing insights for leadership to drive strategic decision-making.
• Promote adherence to regulatory frameworks, underwriting guidelines, and corporate risk governance policies.
• Implement digital underwriting tools to streamline workflows, enhance efficiency, and improve risk evaluation processes.

Quality & Excellence Management

• Establish quality benchmarks, ensuring underwriting decisions adhere to internal and external regulatory standards for risk assessment.
• Monitor underwriting performance metrics, identifying areas for improvement and implementing corrective measures to enhance decision accuracy.
• Enhance underwriting service excellence by implementing best practices to improve response time and policy issuance efficiency.

People Management Responsibilities

• Manage and motivate underwriting teams, fostering a high-performance culture and continuous development mindset.
• Oversee training initiatives, ensuring underwriters develop expertise in risk assessment, compliance, and emerging underwriting techniques

Preferred Educational Qualifications And Professional Certifications

• Bachelor’s degree in Finance, Risk Management, Insurance, or a related field.
• Master’s degree in Finance, Risk Management, Insurance, or a related field.
• Certified Insurance Underwriter (CIU), or equivalent are a plus.

Experience