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Manager - Reinsurance Underwriting - Assumed Side

Spectral ConsultantsGurugram, India

30+ days ago

Job description

Manager - Reinsurance Underwriting (Assumed Side)

Location : Gurugram | Onsite | 8-10 Years of Experience (4+ in Leadership)
We are seeking an accomplished Manager - Reinsurance Underwriting (Assumed Side) to lead our underwriting operations across Treaty & Facultative business.
The ideal candidate will combine deep technical knowledge in P&C reinsurance, proven leadership skills, and the ability to drive digital transformation in underwriting practices.

Key Responsibilities :

Underwriting & Risk Assessment :

Lead the evaluation, analysis, and interpretation of Treaty & Facultative contracts across Property, Casualty, Specialty, and niche business lines.

Perform risk assessments, portfolio analysis, and pricing evaluations in accordance with underwriting guidelines and company risk appetite.

Ensure adherence to underwriting authority, regulatory frameworks (IRDAI, Solvency II, NAIC where applicable), and internal compliance standards.

Develop and refine underwriting models, rating methodologies, and risk assessment tools to enhance decision-making accuracy.

Team & Leadership :

Manage and mentor a team of underwriting analysts and associates, ensuring high-quality output and timely support to senior stakeholders.

Foster a culture of technical excellence, accountability, and continuous learning within the underwriting team.

Conduct training on reinsurance structures, treaty wordings, contract interpretation, and regulatory updates.

Business & Stakeholder Management

Collaborate with global reinsurers, brokers, cedants, and internal underwriting managers to structure and negotiate reinsurance placements.

Support business development initiatives by providing underwriting expertise for new opportunities and complex deals.

Maintain and strengthen stakeholder relationships across geographies to ensure seamless execution of assumed reinsurance programs.

Data, Automation & Process Improvements

Leverage AI / ML-driven analytics to enhance underwriting efficiency, improve risk selection, and optimize pricing accuracy.

Drive automation initiatives in contract review, bordereaux management, and underwriting documentation.

Create and monitor underwriting dashboards, KPIs, and performance reports for senior management review.

Implement process controls to reduce operational risks and improve turnaround time in submissions and acceptances.

Qualifications & Skills :

Education & Background :

Bachelor's / Master's degree in Insurance, Actuarial Science, Risk Management, Finance, or related fields.

Professional certifications (ACII, CPCU, ARe, or equivalent) 8-10 years of experience in reinsurance underwriting (Assumed side) across multiple P&C lines.

4+ years of team leadership / managerial experience with direct people management responsibilities.

Strong exposure to Treaty (Proportional & Non-Proportional) and Facultative underwriting.

Technical & Analytical Skills :

Deep understanding of contract wordings, reinsurance pricing models, and risk quantification methodologies.

Proficiency in MS Excel (advanced functions, VBA, financial modeling), MS PowerPoint (business presentations), and data visualization tools (Tableau / Power BI preferred).

Knowledge of underwriting tools, exposure management platforms, and reinsurance administration systems (Arius, SICS, RMS, AIR, etc. ) is highly desirable.

Strong analytical, negotiation, and decision-making skills with the ability to balance risk vs. profitability.

Soft Skills :

Excellent communication, stakeholder management, and relationship-building skills across diverse geographies.

Ability to work in a fast-paced, global environment with cross-cultural sensitivity.

Strong leadership presence with a strategic mindset and focus on results

(ref : iimjobs.com)

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Manager Underwriting • Gurugram, India