Marine Insurance Specialist

2 weeks ago


Makati City, National Capital Region, Philippines Paramount Life & General Insurance Corp. Full time

Job Description:

Career Opportunity for a Marine Underwriter

We are seeking an experienced Marine Underwriter to join our team at Paramount Life & General Insurance Corp. as a key member of our underwriting function.

The successful candidate will be responsible for cargo underwriting, including day-to-day servicing of accounts. This involves reviewing assigned cases to provide underwriting decisions based on company guidelines and ensuring customer satisfaction levels are met.

Roles and Responsibilities:

  1. Collaborate with Group Heads in developing and implementing business plans and strategies.

  2. Assist Line Underwriters in the annual review and updating of open marine policies' rates, terms, and insuring conditions as required.

  3. Review submitted documents from clients to ensure completeness and recommend acceptance or rejection of risks to Supervisors/Line Underwriters.

  4. Evaluate risks for new business to ensure profitable growth, adhering to established standards.

  5. Analyze statistical data, prepare reports, and suggest courses of action to Management to facilitate informed decision-making.

  6. BUILD STRONG CLIENT RELATIONSHIPS through effective market outreach and communication.

  7. Control and maintain registers for reported claims on Cargo business.

  8. Monitor and review underwriting standards procedures and checklist to ensure adherence.

  9. Provide technical assistance to the entire workflow, maintaining processes and contributing to continuous quality improvement processes.

  10. SUPPORT OPERATIONAL OBJECTIVES by contributing to the achievement of underwriting function and/or business unit goals.

  11. Respond to inquiries from Sales, Agents, and Branches regarding Marine and Hull/Aviation matters.



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