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) preferred.

Experience:

- 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