Property and Casualty (P&C) Underwriter – Egypt Market

Job Overview 

We are seeking a diligent and detail-oriented Property & Casualty Underwriter to join our team.

Reporting to the Group Chief Underwriting officers (Treaty and Facultative), the primary responsibility of this role is to evaluate and assess treaty and facultative risks in our Egypt market, ensuring that all underwriting decisions align with company policies and regulatory standards.

Key Responsibilities:

1. Risk Evaluation: Analyze treaty and facultative risks, considering factors such as viability, exposure, environmental impact, social considerations, governance, regulatory compliance, and claims history.
2. Underwriting Decisions: Ensure that underwriting decisions are made in accordance with company guidelines and legal requirements.
3. Communication and Documentation:
   • Thoroughly document and justify underwriting decisions in a clear, detailed and organized manner.
   • Effectively communicate these decisions and their rationale to internal teams, clients, and external partners.
4. Collaboration:
   • Collaborate closely with all relevant departments to enhance comprehensive risk management efforts.
   • Participate in cross-functional projects and initiatives aimed at improving underwriting processes and standards.
5. Compliance and Continuous Learning:
   • Continuously familiarize yourself with company policies, industry trends, and regulatory changes to ensure compliance and enhance underwriting practices.
   • Engage in ongoing training and professional development to maintain and elevate underwriting expertise.
6. Customer Service:
   • Provide excellent service to clients and brokers, addressing inquiries and resolving issues promptly.
   • Foster positive relationships with clients and partners to support business development and client retention.

Impact on business

• Financial Stability: Accurate risk assessment and underwriting ensure that the company maintains financial stability by avoiding undue risk exposure.
• Profitability: By identifying and managing high-risk applicants, the underwriter helps maintain a profitable portfolio of reinsurance policies.
• Reputation: Delivering reliable and consistent underwriting decisions enhances the company’s reputation for professionalism and integrity in the market.
• Compliance: Adherence to regulatory standards and industry best practices to mitigate against legal and financial repercussions, maintaining the company’s standing in the industry.

Functional Competencies

Key Competencies:

• Attention to Detail: Meticulous attention to detail to ensure accurate and thorough risk assessments.
• Decision-Making: Strong decision-making skills to evaluate risks and make sound underwriting decisions.
• Communication Skills: Excellent verbal and written communication skills in both English and Egyptian Arabic, capable of explaining complex information clearly.
• Customer Service Orientation: Ability to provide exceptional service to clients and maintain positive relationships.
• Team Collaboration: Ability to work effectively within a team and collaborate with cross-functional departments.

Personal Attributes:

• Integrity and Ethics: High ethical standards and integrity in decision-making and professional conduct.
• Problem-Solving: Strong problem-solving skills to address and resolve underwriting challenges.
• Adaptability: Flexibility to adapt to changing industry regulations and company policies.
• Continuous Learning: Commitment to ongoing professional development and staying updated on industry trends and advancements.

Technical Skills:

• Technical Proficiency: Proficiency in use of SIC system will be an added advantage.
• Analytical Skills: Strong analytical abilities to evaluate complex data and make informed decisions.

Qualifications 

Educational Background: An undergraduate degree relevant to the role.

Professional Certifications:

CII UK or an equivalent certification, or evidence of progress toward obtaining the certification.

Language Skills:

Proficiency in both written and spoken English and Arabic is required for this role.

Interested candidates should submit their applications on or before 31st January 2025. Only shortlisted candidates will be contacted.