LI

Product Manager-Commercial Lines Underwriting

Liberty Mutual
Mumbai4-7 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

Required Skills

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