AU Small Finance Bank - Associate Vice President - Cyber Insurance Underwriter

AVP - Cyber Insurance Underwriter

- AU Small Finance Bank is seeking a meticulous Insurance Underwriter to assess the risk factors of potential clients and establish coverage terms.

- The ideal candidate will be responsible for implementing guidelines that ensure a balanced ratio of favourable risks, minimizing claim costs, and enabling the company to provide insurance at a competitive price.

- This role requires a comprehensive understanding of risk analysis, the ability to analyse data, and make informed decisions.

- By effectively managing risk, the Insurance Underwriter plays a crucial role in maintaining the financial stability and profitability of the company.

- Your responsibilities will include conducting detailed risk assessments, reviewing technical security controls, analysing client cybersecurity posture, and collaborating with the underwriting team.

- Review insurance applications for compliance and adherence

- Assess clients' background information and financial status

- Liaise with specialists to gather information and opinions

- Weight loss exposures and determine underwriting alternatives

- Draw up a quotes for competitive insurance premiums

- Negotiate and define the specific terms of insurance policies with insurer or policyholders

- Keep detailed records of policies underwritten and decisions made

- Balance between mass and homogeneity of risks to achieve predictability of future results

- Maintaining ongoing and regular interactions with key distribution partners is critical to building new, and fostering existing, client relationships.

- Your deep understanding of the latest cyber threats, vulnerabilities, trends, and regulatory landscape will contribute to continuous improvement of cyber risk assessment methodologies and tools used in underwriting large risks.

- This include providing expert advice, guidance on cybersecurity best practices, and ensuring accurate risk evaluation.

Qualifications:

- Minimum 5+ years of underwriting experience, preferably in Cyber/Technology/Telecom/Misc & E&O coverage

- Professional certifications such as FIII & AIII CISSP, CISA , GESC, SSCP, CASP+,GCIH, CISM, CEH, or similar are highly desirable.

- In-depth knowledge of cybersecurity concepts, frameworks, and technologies

- Able to thrive in an entrepreneurial and collaborative underwriting environment