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risk underwriting - t1 in Mumbai

mumbai, maharashtra
Retail Banking
position type
reference number
randstad india
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job description

?Responsible for approving/acceptance of new requests for insurance cover from both new and existing customers. Includes applying underwriting principles and procedures where the company is considering underwriting new risk or modifying existing contracts/buyers. Uses financial analysis techniques in assessing risk exposure of potential new cover and in assessing existing risks.

Responsible for administration process . Includes managing the credit requests , report ordering , performing data integrity checks , allocation of cases.

?Leading MNC NBFC

Client Introduction
?Leading MNC NBFC


?"credit risk"


?Associate Underwriter

Credit limit underwriting - may include domestic market and/or non-domestic including political risk markets.

� Responsible for approving new cover/bond and assessing risk exposure of potential new cover/bond

� Applies underwriting principles and procedures where the company is considering underwriting new risk or modifying existing contracts/buyers

� Manages standard and/or non standard risk portfolio (e.g. in a structured finance environment)

� Applies analyst knowledge and principles to identify and manages portfolio exposure

� Responsible for setting underwriting strategy for each known buyer group/buyer/sector/country portfolio/class of risk/customer/holding

� Responsible for setting of standard and review limits/renew bonding lines and setting and maintaining risk scores/ratings on buyers within delegated authorities

� Responsible for compliance with internal procedures including recording of decisions for use by both internal and external customers

� Responsible for monitoring the development of the portfolio and modification of buyer underwriting risk management approach in the assessment of risks

� Ensures proactive action is taken to compensate for economic upturns or downturns on a market, industry or sector basis, in order to optimise the claims ratio

Associate administrator

Responsible for managing the credit request and operations �
� Report ordering , co-ordination with the agencies, ensuring reports are received within the specified TAT
� Performing data integrity checks
� Allocation of cases to underwriters as per the set procedures
� Managing the buyer reviews
� Performing Financial data input
� Imaging of documents/ reports
� Assisting Senior underwriters with drafts, information compilation etc
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