LILiberty Mutual
Product Manager-Commercial Lines Underwriting
Mumbai ₹4-7 LPA Posted 19 Aug 2025
FULL TIME
Risk Assessment
Job Description
Profile / Function:
- Underwriting of Engineering Insurance products (EAR, CAR, CPM, MBD, EEIP, BPP) in line with company guidelines
- Preparation of quotations, terms and conditions, slips/forms for special referrals or facultative support for the Reinsurance team
- Ensure 100% compliance with underwriting approvals and guidelines
- Conduct training sessions related to Engineering product underwriting processes for internal teams and external stakeholders as required
- Maintain regular engagement with distribution teams and intermediaries to grow business mix
- Contribute to achieving top-line and loss ratio targets through regular stakeholder reviews
- Track business data, prepare MIS reports, and provide data for analysis as needed
Role Objective / Purpose:
- Perform risk assessment and end-to-end underwriting for Engineering line of business proposals
- Prepare quotations and support underwriters and sales teams across locations with ongoing deals
- Manage and analyze data related to Engineering products, including RFQ trackers, installments, extensions, and conversion ratios
- Coordinate with sales and underwriting teams to ensure efficient proposal and quotation handling at the Head Office
- Liaise with the Reinsurance team for special approvals and facultative arrangements
- Prepare technical and project presentations for clients, brokers, and underwriters
- Maintain updated records including insurance files, wordings, circulars, quotations, and MIS/data
- Collaborate with Operations and IT teams for digital development projects like portals, modules, and client communication
- Ability to work independently and effectively within a team
Experience:
- 3–6 years of relevant experience in Engineering Insurance underwriting
- Must have experience in underwriting Construction/Project Insurance (EAR/CAR) in the Indian market
- Good understanding of Engineering Insurance products: EAR, CAR, CPM, MBD, EEIP, BPP
- Proficient in MS Excel, PowerPoint, and Word
Competencies:
- Risk assessment and analysis
- Insurance policy interpretation
- Compliance with underwriting guidelines and procedures
- Data analysis and interpretation
- Insurance market knowledge