Vice President - Underwriting

hdfcergo
Department Icon BFSI (Credit & Risk)
Posted: 1 month ago
12-20 years
Corporate, 2101, Mumbai - Andheri LBP, Mumbai, Maharashtra, West, India
BFSI (Credit & Risk)
work from office
Full Time
Closes 29 Nov 2026
Posted: 1 month ago
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Job Description

Key Roles &Responsibilities

  • Leadcentralstrategy on Liability underwriting including growth priorities, risk frameworks, and emerging exposures.
  • Define and update underwriting guidelines, risk appetite, pricing frameworks, and approval matrices for all Liability products.
  • Drive uniform underwriting practices across regions to ensure discipline, consistency, and compliance.
  • Underwrite and approve large, complex, and sensitive Liability risks within delegated authority.
  • Review submissions from regional teams and provide expert recommendations for pricing, terms, clauses, and coverage structuring.
  • Guideimprovements in policy wordings, endorsements, exclusions, and manuscript clauses.
  • Monitor thecentralLiability portfolio for loss ratios, rate adequacy, exposure patterns, industry concentration, and early warning indicators.
  • Lead periodic portfolio reviews and provide insights to senior leadership on emerging trends, market dynamics, and corrective actions.
  • Work with actuarial teams for pricing models, reservingapproach, and product profitability analysis.
  • Lead meetings with top brokers, strategic partners, and large corporate clients for technically heavy discussions or complex deal closures.
  • Support regional underwriting and distribution teams on large renewals, escalations, or competitive negotiations.
  • Work closely withclaimsleadership to review major liability claims, litigation risks, settlement trends, and lessons for underwriting refinement.
  • Mentor regional liability underwriters and build deep technical capability across the underwriting network.
  • Ensure 100% adherence to IRDAI norms, internal audit standards, documentation requirements, and underwriting controls.

Key Requirements – Education & Certificates

  • Bachelor’s/Master’s degree in Finance, Law, Risk Management, Engineering, or Business Administration.
  • Professional certifications such asACII, CPCU, III Fellowship, orLiability?specificcredentials preferred.
  • Legal background (LLB) is a strong advantage for casualty and professional indemnity underwriting.

Key Requirements - Experience &Skills

  • 15-20 yearsof experience in Liability Underwriting or Specialty Lines underwriting.
  • Strong experience in underwriting governance, portfolio management, and centraldecision?making.
  • Proventrack recordof working with top brokers and major corporate clients in large markets like Mumbai.
  • Deep technicalexpertisein liability and casualty underwriting, policy wording interpretation, and risk modelling.
  • Strong negotiation skills with senior brokers andC?suiteclients.
  • Excellent analytical ability withfocuson portfolio discipline and profitability.
  • Ability to coach teams, manage complex risks, and lead national underwriting strategy.

Skills

Risk ManagementInternal AuditCompliancePortfolio ManagementNegotiationLeadershipTeamsLitigation

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About Company

HDFC ERGO General Insurance Company Limited is a joint venture between HDFC Ltd., India's premier housing finance institution, and ERGO International AG, the primary insurance entity of the Munich Re Group. The company offers a complete range of general insurance products ranging from Motor, Health, Travel, Home and Personal Accident in the retail space and customized products like Property, Marine and Liability insurance in the corporate space.

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