This role is for one of the Weekday's clients
Salary range : Rs 500000 - Rs 900000 (ie INR 5-9 LPA)
Min Experience : 5 years
Location : Mumbai
JobType : full-time
We are seeking an Assistant Manager – Group Underwriting (UW) to support insurance production and group underwriting initiatives, including User Acceptance Testing (UAT) and other underwriting-related projects. The role requires strong expertise in group insurance processes , system integration , and project management within tight deadlines.
Requirements
Key Responsibilities
Underwriting Operations
- Underwrite assigned cases in line with the designated authority and organizational guidelines.
- Apply deep understanding of group insurance systems , including underwriting workflows, guidelines, and operational processes.
- Participate in system integration and development projects , ensuring effective collaboration and timely delivery.
- Conduct root cause analysis for system and process issues; recommend and implement corrective actions to enhance system performance and compliance.
- Monitor ongoing projects and UAT activities, providing structured feedback to ensure smooth functionality and stability.
- Prepare project documentation , including detailed plans, reports, and presentations for leadership and stakeholders.
- Assist in the assessment of group underwriting cases and continuously contribute to improving underwriting standards.
Team Supervision & Case Review
Supervise and guide junior underwriters, ensuring accuracy and adherence to underwriting guidelines.Review and approve cases escalated by junior underwriters.Track and evaluate team performance, conducting monthly case reviews to minimize error rates.Manage case distribution and ensure completion within assigned timelines.Query Resolution & Analysis
Resolve zonal underwriting queries forwarded by the issuance team within defined timelines.Assist in analyzing underwriting data to identify emerging trends and patterns.Support in technical portfolio studies and contribute to risk philosophy reviews for continuous improvement.Case Reinstatement & Risk Management
Review high-net-worth reinstatement cases and re-underwrite cases referred by the claims department.Participate in risk mitigation initiatives , including contingency planning and business continuity programs.Identify and report process gaps while recommending process enhancements.Skills & Competencies
Technical Skills
Strong understanding of insurance and underwriting principles .Analytical mindset with the ability to assess multiple risk factors .Familiarity with medical terminologies and case evaluations.Proficiency in MS Excel and Word .Experience in team supervision and presentation preparation .Behavioral Skills
Excellent interpersonal and communication abilities.Strong leadership and decision-making skills.Creative thinking and problem-solving approach.Effective teamwork, influencing , and relationship-building capabilities.Highly action-oriented and organized.Qualifications
Essential :
Bachelor’s degree in Science, Pharmacy, Medicine, Life Sciences, Microbiology, or Commerce .4–5 years of relevant industry experience.Desired :
ALMI / III-Associate (all 6 papers).Diploma or MBA in Insurance .At least 3 years of domain-specific experience.Core Skills
Group UnderwritingUser Acceptance Testing (UAT)Risk Assessment and Process Improvement