AVP - Product Development

Reposted Yesterday
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Mumbai, Maharashtra
In-Office
Expert/Leader
Insurance
The Role
This role involves developing and managing insurance portfolios, underwriting risks, ensuring profitability, and supervising underwriting teams. The position requires strategic planning, relationship management, and maintaining compliance with standards.
Summary Generated by Built In
Primary DetailsTime Type: Full time

Worker Type: Employee

To develop and manage a profitable business portfolio under the specified insurance class according to the Company’s guidelines and delegated authorities.

Primary Responsibilities
• Strategy and Planning
•Execute operational objectives and the business plan for the underwriting function
•Review existing portfolios / accounts and recommend strategies for profitable growth
•Develop product plans, operating budgets and initiatives to ensure profitable growth and increased market share
•Support and develop product strategy and individual product strategies
•Policy, Process and Procedures
•Underwrite complex risks in accordance with defined limits of authority, organizational policy and underwriting standards
•Monitor and review underwriting standards, procedures and variations from proposal standards
•Contribute to continuous quality improvement processes
•Maintain in-depth knowledge of current legislation, best practice, underwriting acceptance levels, systems, and organizational guidelines
•Environmental Awareness/Customer Focus
•Manage key portfolios/accounts with intermediaries
•Deliver timely decisions and problem solving solutions for customers and intermediaries
•Develop and maintain good working relationships with all customers, brokers, colleagues, intermediaries and internal stakeholders
•Maintain strong knowledge of new products and commission structures, in order to enhance relationships with intermediaries
•Technical Performance
•Achieve underwriting results and growth (through new business and renewals) in accordance with plan/budget
•Identify new business opportunities and self-insurance prospects, as well as underwriting requirements to meet business needs
•Establish appropriate measurement techniques and reporting systems
•Develop new / tailored products to meet customer needs or respond economic, political, legislative or compliance changes
•Monitor portfolio results and individual product performance, identifying trends and opportunities and taking correction action as necessary
•People Management
•Supervise the underwriting activities of other underwriters, ensuring all procedures are adhered to
•Provide technical expertise and guidance to employees
•Coach/mentor Underwriters and Assistant Underwriters, on either a formal or informal basis
Preferred Competencies/Skills
• Presentation Skills
• Negotiation and problem-solving skills
• Relationship management and communication skills
• People Management
Preferred Education Specifics
• College degree, of any business course
Preferred Experience
• 15+ years relevant working experience with over 5 years of underwriting experience in supervisorial role
• Experience in underwriting / portfolio management role
• Use of risk and pricing tools and loss models
Preferred Knowledge
• Advance knowledge in insurance
• Extensive knowledge in relevant market conditions for specific portfolio
• Working knowledge of risk management, portfolio management and underwriting
QBE Cultural DNA
• Everything we do at QBE is underpinned by our DNA (which interlinks seven cultural elements) – because we know it's not just what we do that matters, it's how we do it that makes the difference. We expect all employees to role model and inspire the right behaviours that link to our cultural elements:
•We are customer-focused
•We are technical experts
•We are inclusive
•We are fast-paced
•We are courageous
•We are accountable
•We are a team
•All employees are expected to adhere to QBE’s Code of Ethics and Conduct and apply sound risk management practices
US Only - Disclaimer
• To successfully perform this job, the individual must be able to perform each essential job responsibility satisfactorily. Reasonable accommodations may be made to enable an individual with disabilities to perform the essential job responsibilities.
Global Disclaimer
• The duties listed in this job description do not limit the assignment of work. They are not to be construed as a complete list of the duties normally to be performed in the position or those occasionally assigned outside an employee’s normal duties. Our Group Code of Ethics and Conduct addresses the responsibilities we all have at QBE to our company, to each other and to our customers, suppliers, communities and governments. It provides clear guidance to help us to make good judgement calls.

Skills:

How to Apply:

To submit your application, click "Apply" and follow the step by step process.

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

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The Company
Sydney, New South Wales
11,699 Employees
Year Founded: 1886

What We Do

QBE Insurance Group is one of the world's top 20 general insurance and reinsurance companies, with operations in all the key insurance markets. QBE is listed on the Australian Securities Exchange and is headquartered in Sydney. We employ more than 11,000 people in 27 countries.

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