Senior Property Underwriter

Senior Underwriter - Propert

Key Responsibilities

• Assess, evaluate, and underwrite new business submissions, renewals, and mid-term adjustments for property and general accident risks
• Perform detailed risk evaluations, including engineering assessments, exposure analysis, loss history review, and catastrophe modelling considerations
• Determine appropriate pricing, terms, conditions, limits, deductibles, and endorsements to ensure profitable and balanced risk acceptance
• Exercise delegated underwriting authority for high-value and technically complex accounts, escalating only exceptional cases as per the authority matrix
• Manage and monitor an assigned portfolio of property business to achieve profitability, growth, and diversification targets
• Analyze portfolio performance, loss ratios, and underwriting metrics, and recommend corrective actions where required
• Build and maintain strong relationships with brokers, clients, aggregators, and internal stakeholders
• Negotiate terms, pricing, and participation on complex placements, including facultative reinsurance requirements and multi-layer programs
• Collaborate with the Reinsurance Department to support facultative and treaty placements
• Ensure compliance with internal underwriting guidelines, UAE regulatory requirements, KYC, sanctions, and AML standards
• Coordinate with Operations for timely issuance of policies, endorsements, and certificates
• Prepare new business quotations using Quote Pad and update internal trackers for workflow visibility
• Mentor and provide technical guidance to junior underwriters.
• Contribute to training, underwriting guidelines, process improvements, and best practices within the Property & Engineering team

Requirements

• Bachelor’s Degree in Engineering, Risk Management, Insurance, or a related technical field
• Professional insurance qualification such as ACII, CPCU, FIII, or equivalent is preferred
• Minimum 5–8 years of underwriting experience in property lines with proven experience handling complex commercial and industrial accounts
• Experience in the UAE or Middle East insurance market is an advantage
• Strong technical knowledge of property risks, catastrophe exposures, pricing, and reinsurance requirements
• Experience working with underwriting systems, rating tools, Quote Pad, and Microsoft Office and Excel
• Strong analytical, negotiation, communication, and interpersonal skills
• Fluency in English is required