Junior Underwriter / Underwriter

KOTRA

Dubai, UAE

Ref: NP455-174

Job description / Role

Employment: Full Time

Please note that job ads are posted by KOTRA Dubai, but recruited by the COMPANY BELOW.
KOTRA Dubai helps UAE-based Korean clients for recruitment.
KOTRA Dubai DOESN'T ACCEPT TELEPHONE INQUIRIES.
KOTRA Dubai has NO RESPONSIBILITY for the contract between the company below and the applicants.

Company Name: Korean Reinsurance Company (DIFC Branch)

Company Introduction:
Korean Re is a global reinsurer based in Seoul that provides clients with high-quality reinsurance services and risk management solutions as their reliable business partner. Protecting client assets is our paramount goal. Dubai Representative Office was opened in 2008 and raised to the branch in 2017 to provide reinsurance service and risk management solution for local and international clients.

Job Duty :
Definition:
- To work closely with team at all levels.
- Will assist with the growth of property/commercial books
- Able to understand all matters of UW process from beginning of submission, filing, risk analysis, exposure analysis, rating, claims handling of commercial property accounts
- Must demonstrate high quality work and is capable of reviewing work of peers.
- Has obtained a high level of knowledge of our markets.
- Actively participates in team goals and meetings

Essential functions may include, but are not limited to the following:
- Ensures proper rates/deductibles for acceptable exposures for new and renewal business.
- Provides quality customer service (internal and external)
- Effective documentation supporting conversations and decisions.
- Timely decision making and action to meet Company guidelines and goals.
- Attends and participates in appropriate meetings as required by reporting manager.
- Follows and meets performance expectations determined by the manager.

Requirements

Knowledge, Skills and Abilities:
- Thorough knowledge of principles and practices of commercial insurance underwriting.
- Ability to use initiative and apply innovative thinking.
- Ability to organize and prioritize work.
- Establish and maintain effective working relationships in a team environment through written and oral communication.
- Ability to work independently to analyze complex issues.
- Contribute effectively to the accomplishment of all goals and objectives.
- Ability to interpret and apply set laws, rules and regulations.
- Obtain and utilize sensitive information discreetly and objectively.
- Maintain records; prepare reports/correspondence related to the work.
- Read, interpret, and input data efficiently and accurately.
- Determine when to escalate concerns to the appropriate level of management.
- Utilize computer and related software such as word, excel, PowerPoint effectively.

Position Requirements:
- Bachelor’s degree in Science, Physics, Engineering discipline
- ACII and similar qualifications

About the Company

Since its establishment in 1962 as part of the Koreas first 5-year Economic Plan, KOTRA has been dedicated to creating new export markets and increasing Koreas trade value, which reached $1 trillion in 2011. In the late 1990s, the agency helped Korea overcome the Financial Crisis by starting its foreign direct investment promotion division. And in the last half century, KOTRA has played a significant role in supporting Korean companies expanding overseas.

Today, the world economy is more volatile than ever due to the European financial crisis, China's hindered economic growth, upcoming elections in 15 countries and security issues in the Middle East. In preparation for a rapidly changing market environment, and using Koreas expansive FTA network, KOTRA is focusing on the globalization of small and medium sized enterprises(SMEs), the backbone of the Korean economy, by providing them with customized support related to global business establishment and export.

Get personalised updates on latest vacancies
Job Alerts by Email
  • Personalised updates on latest career opportunities
  • Insights on hiring and employment activity in your industry
  • Typically sent twice a month