Senior Underwriter

métier - Strategic HR Solutions

Karachi , Pakistan

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métier – Strategic HR Solutions is seeking a Senior Underwriter to join an international reinsurance client based in Pakistan. This role involves assessing and managing underwriting risks, enhancing client relationships, supporting product development initiatives, and driving underwriting excellence within the Pakistan market. The position offers a unique opportunity to work closely with local cedants and contribute to the growth and compliance of reinsurance operations in the region.

Key Responsibilities

- Assess and review individual and group life insurance as well as retakaful/reinsurance business for Pakistan-based cedants, ensuring compliance with treaty terms, underwriting guidelines, and the company’s risk appetite.
- Review cedant underwriting manuals, rating rules, selection criteria, and treaty addenda, providing recommendations for improvements when necessary.
- Support claims reviews and analysis by identifying trends and ensuring claims handling aligns with treaty conditions.
- Liaise with cedant underwriting and claims teams in Pakistan to resolve case queries, clarify treaty details, and address operational matters.
- Apply comprehensive knowledge of SECP regulations, local insurance practices, and Takaful/Shariah-compliant product structures to underwriting decisions.
- Evaluate medical, financial, and non-medical underwriting evidence in accordance with established standards and guidelines.
- Contribute to underwriting workshops, training sessions, and continuous improvement initiatives tailored to the Pakistan market.
- Prepare portfolio analyses, case trend reports, and operational insights to support management decision-making.
- Assist in client engagements, underwriting audits, treaty compliance reviews, and discussions with Pakistan-based cedants.

Required Qualifications

- Bachelor’s degree in Medicine, Pharmacy, Science, Actuarial Science, or a related discipline.
- Minimum of 10 years of relevant experience in life insurance or reinsurance underwriting and/or claims, with direct exposure to the Pakistan market.
- Strong understanding of Pakistan’s insurance industry, underwriting practices, and SECP regulatory requirements.
- In-depth knowledge of mortality and morbidity risk assessment, medical underwriting protocols, and claims handling practices.
- Familiarity with Takaful and Shariah-compliant products is advantageous.
- Excellent analytical skills combined with a client-focused approach and the ability to collaborate effectively with both regional and international teams.

Preferred Qualifications and Benefits

Professional qualifications such as ALU, FALU, FLMI, or progress toward these certifications are considered a strong advantage. The role provides an opportunity to engage with a dynamic international team and contribute to the development of underwriting standards in a growing market. Candidates will benefit from exposure to a broad range of underwriting and claims activities within the reinsurance sector, enhancing their professional growth and expertise.