Senior Analyst - Property & Casualty Insurance Underwriting

Underwriting Senior Analyst

Skill required: Property & Casualty- Underwriting - Insurance Underwriting
Designation: Underwriting Senior Analyst
Qualifications:Any Graduation
Years of Experience:5 to 8 years
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security.Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services, and Accenture Song— all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 784,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities.Visit us at www.accenture.com
What would you do? • 6-8 years of experience in Property & Casualty Underwriting or Policy Servicing across shared services/Third Party BPO service providers (Essential) • Hands on experience of managing the one of the following tasks from the earlier experience from Insurance Underwriting Cycle – New Business Submission, Clearance and Inspection, Status Change, Policy Issuance, Premium Audit/Booking, Reconciliation, Policy Drafting, Mid-term Endorsement, Loss Run, Quote/Booking, Declarations, Cancellations, Reinstatements, Renewal Solicitation, Policy conversion, invoicing, Indexing, Doc management, DMS Filing. • Good to have someone with experience in Re-Insurance Fac and Treaty business. • Support regional UA Manager in overseeing all daily business activities and act as the first point of contact for all UAs in the region. • Triages submission for missing information and follows up with the broker for outstanding items. • Issues policies, endorsements, and cancellations; prepares policy writing instructions and premium billings and processes individual policy filings. • Assists the underwriter in the preparation of business, and metric reports; assists in the review of procedures to resolve issues. • Performs quality control of premium audit statements prior to underwriting review; documents discrepancies and work with the premium auditor for resolution. • Completes loss rating and develops initial pricing, basic coverage structuring, quotation, and binder packages on behalf of the underwriter.
What are we looking for? • Identify process risks & conduct regular forecast vs incoming vs completion analysis. • Conduct performance review of the span, create plan of action for deficit if any and track for closure • Daily staffing planning and management of KPI,KSM and CSM. • Ensure weekly basis highs and lows are highlighted and zero surprise framework implemented. • Develop relationships with client stakeholders- should highlight challenges due to process design and controllable challenges • Ensure operational and people deliverables are met • Handle the queries/issues/escalations • Ensure stakeholders are managed • Respond/resolve the issues as per agreed timelines • Ensuring adhere to the escalation matrix and follow up procedures • Client Data Protection
Roles and Responsibilities: •• Participate and Provide inputs for the Goal setting exercise • Plan and Monitor development plans for the teams/spans • Ensure timeliness of the performance achievement & talent discussions • Motivation of the team members to achieve top quartile performance • 121’s interactions on a regular basis • Counselling and guidance resolution of interpersonal issues • Involved in team building activities