Job Details

Job Summary :

We are looking for an experienced Underwriting Specialist with strong knowledge of Commercial Property Insurance and Reinsurance. The candidate will be responsible for supporting underwriting processes, reviewing property risk information, validating underwriting outcomes, and ensuring the accuracy and completeness of underwriting data.

The ideal candidate should have hands-on experience with Commercial Property Underwriting, SOV Scrubbing, UW Triage Rules, Risk Data Validation, and key underwriting documents such as Broker Slips, Policy Proposals, and Engineering Reports.

Location: Chennai, India

Experience: 5+ Years

Industry: US P&C Insurance / Reinsurance

Key Responsibilities :

1. Support Commercial Property Insurance and Reinsurance underwriting processes.
2. Review and validate underwriting submissions and property risk information.
3. Analyze and validate key underwriting documents including:
4. Statement/Schedule of Values (SOV)
5. Broker Slips
6. Policy Proposals
7. Engineering Reports
8. Perform SOV scrubbing and data validation, including:
9. Address enrichment and standardization
10. Construction data transformation
11. Occupancy mapping
12. TIV (Total Insured Value) reconciliation
13. Duplicate location checks
14. Identification of missing or inconsistent property data
15. Understand and apply UW triage rules to classify and prioritize underwriting submissions.
16. Validate underwriting outcomes against established underwriting guidelines and rules.
17. Identify discrepancies, data quality issues, and potential risk exposures and escalate them appropriately.
18. Support underwriters by ensuring accurate and complete risk information is available for decision-making.
19. Review property characteristics, construction type, occupancy, location, values, limits, deductibles, and other relevant risk parameters.
20. Ensure underwriting activities are completed within defined quality standards and SLAs.
21. Maintain accurate underwriting records and documentation.
22. Collaborate with underwriting, operations, brokers, and other stakeholders to resolve data and documentation issues.
23. Identify opportunities to improve underwriting data quality, processes, and operational efficiency.

Mandatory Skills :

1. Strong understanding of Commercial Property Insurance and Reinsurance.
2. Prior experience in Commercial Property Underwriting / Underwriting Operations.
3. Good knowledge of US P&C Insurance.
4. Hands-on experience with SOV / Statement of Values / Schedule of Values.
5. Experience reviewing Broker Slips, Policy Proposals, and Engineering Reports.
6. Experience in SOV Scrubbing.
7. Knowledge of:
8. Address enrichment
9. Construction data transformation
10. Occupancy mapping
11. TIV reconciliation
12. Duplicate location checks
13. Understanding of UW triage rules and underwriting workflows.
14. Ability to validate UW outcomes against defined rules and guidelines.
15. Strong analytical and data validation skills.
16. Good attention to detail and ability to identify risk/data inconsistencies.