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Vice President

1.00 to 10.00 Years   Dubai, United Arab Emirates   04 Nov, 2022
Al Futtaim Group
1 Jobs Openings
Job LocationDubai, United Arab Emirates
EducationNot Mentioned
SalaryNot Mentioned
IndustryAccounting
Functional AreaNot Mentioned

Job Description

Vice President - Motor Underwriting | OrientJob description:As Head of Motor underwriting, to ensure the risks of individual and motor fleet are underwritten in accordance with the Orient underwriting philosophy. Should Consults with Functional Unit Leader on Underwriting strategy to enable achievement of Underwriting business plans. Operationalizes an underwriting business strategy through active engagement with internal and external stakeholders utilizing market and industry data to drive decision making. Implements risk appetite changes based on relevant internal and external data. Manages a team of Technical Underwriters to actively drive the implementation of Underwriting strategies (e.g., Pricing), propositions, and solutions (e.g., product development, underwriting tools and processes) for a portfolio, line of business or product line.Key responsibilities:

  • Motivate, train and develop the assigned staff in order to optimize their performance and ensure achievement of the specific objectives in an efficient manner with a high degree of professionalism.
  • Responsible for performance and talent management.
  • - Contributes to underwriting strategy relating to performance metrics.
- Adjusts underwriting strategy, as necessary.- Operates within the established underwriting governance policies.- Leads initiatives that have a high impact on the development of technical underwriting guidelines, and Best Practices, including controls and procedures.
  • Leads automation and digitalization.
  • - Provides technical assistance to Business Units Leaders and Underwriters and supports business development.
  • - Provides input to the development of business plans and contributes to the pricing strategies.
  • - Portfolio Management Responsibly, including analysis to monitor profitability and growth of business.
  • - Provides recommendations that requires change or remedial action.
  • - Monitors Technical Price accuracy and develops and implements solutions to enhance Technical Price.
  • - Drives continuous enhancements of pricing tools
- Participates in Technical Underwriting Reviews, identifies trends, and contributes to the development of actionable plans.- Participates in compliance-related queries, including UAE regulator inquiries.
  • To ensure timely and accurate preparation of policy documents and customer TAT are maintained at all times.
Business Accountabilities? Identify opportunities and risks associated with changes in the external environment.? Develop and implement annual budget for area of responsibility? Recommends changes to policies, systems, products/ services to leaders? Ensure that appropriate documentation, implementation and communication of established policy, procedures and operating standards is completed for area of responsibility.? Regularly monitors and evaluates activities to identify potential risks and issues of non-compliance.? Participates and provides risk assessment for the area of responsibility and escalates potential issues to higher management.

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