Position Title : Assistant Manager - Surety & Credit Underwriting

Department : Non-Motor Underwriting

Function : Underwriting

Location : HO - Mumbai

Reports to : Assistant Vice President - Non-Motor Underwriting

Job Scope / Position Summary:

This role supports the underwriting of Surety Bond Insurance and Trade Credit Insurance products. The Assistant Manager will assist in evaluating proposals, conducting financial and compliance reviews, preparing underwriting notes, and coordinating with internal and external stakeholders for efficient document issuance. The role also involves maintaining regulatory and internal compliance, and contributing to process improvements and portfolio monitoring.

Main Responsibility:

1.Underwriting Support - Assist in evaluating proposals for surety and credit products, including financial analysis, risk assessment, and documentation.

2.Process Execution - Ensure timely and accurate issuance of underwriting documents and bonds.

3.Compliance - Maintain adherence to IRDAI guidelines, internal underwriting policies, and other applicable regulations.

4.Portfolio Monitoring - Support periodic review of portfolio performance and flag early warning signals.

5.Stakeholder Coordination - Liaise with brokers, clients, legal, finance, and operations teams for smooth execution of underwriting decisions.

6.MIS & Reporting - Maintain underwriting trackers, prepare MIS reports, and assist in audit documentation.

Qualification and Experience Requirement:

Education: Graduate/Postgraduate in Finance, Commerce, or related field. Insurance qualifications such as Fellowship/Associateship from Insurance Institute of India preferred.

Experience: 2 -4 years in commercial lines underwriting, preferably with exposure to Surety Bond or Credit Insurance.

Behavioral Skills Behavioral Traits:

Execution - Prioritize tasks and deliver results under timelines.

Proactivity - Take initiative in resolving queries and improving processes.

Decision Making - Use data and logic to support underwriting decisions

Adaptability - Adapt quickly to changes

People Empowerment - 1. See through customers' perspective and act with empathy and care 2. Build relationships based on trust and collaboration, living company values

Teamwork - Collaborate effectively with peers and seniors.

Openness - Be curious, receptive to feedback, and willing to learn

Inclusion - Respect diverse perspectives and contribute to a positive team culture

Functional Skills (Role Specific):

Basic to intermediate understanding of Surety Bond & Credit Insurance underwriting

Strong analytical and financial interpretation skills.

Good communication and interpersonal skills.

Proficiency in MS Excel, Word, and PowerPoint.