Head of Energy Underwriting

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Job Title: Head of Energy Underwriting

Reports to: Senior Vice President - International

Department: International Division

Type: Full-Time

About the Role

To lead and grow a diverse and profitable global Energy portfolio (Upstream & Downstream) by driving strong underwriting performance, maintaining solid broker and client relationships, and positioning the company as a preferred reinsurer in international markets.

Key Responsibilities

• Achieve the International Division's budget for Energy (Upstream & Downstream).
• Lead the underwriting team to deliver high-quality reinsurance solutions aligned with company risk appetite and philosophy.
• Maintain active portfolio management by monitoring performance, accumulations, loss ratios, and market trends.
• Contribute to enhancing underwriting guidelines and the risk appetite matrix.
• Ensure thorough documentation of underwriting rationales and completion of risk assessment sheets.
• Ensure timely booking of business, updates to quote/renewal registers, and compliance with internal guidelines.

Business Development & Market Engagement

• Position the company as a preferred reinsurer through strong market visibility and service excellence.
• Build and maintain long term relationships with brokers and cedants to ensure a consistent pipeline and strong conversion ratios.
• Oversee renewal management and negotiations to secure high retention.
• Drive structured follow ups, including monthly broker visits and planned regional meetings.
• Collaborate with internal teams for cross selling and upselling opportunities.

Planning, Reporting & Governance

• Participate in the preparation of annual budgets and strategic business plans.
• Provide regular MIS reports including production, conversions, renewals, loss ratios, and pipeline updates.
• Stay updated on market capacity, ratings, regulations, and competitive landscape.
• Coordinate with claims, finance, reinsurance, and other departments as required.
• Support internal audits and ensure full compliance with underwriting authority and frameworks.

Other Duties

• Perform additional responsibilities as assigned by management based on business needs.

Decision-Making Authority

• As per the company's underwriting authority framework.
• Underwriting guidelines, treaties, and risk appetite matrix.

Key Requirements

• Bachelor's Degree required; Chemical Engineering or Petroleum Engineering preferred.
• CII qualification (Dip CII / ACII) is an advantage.
• Minimum 12-15 years of proven Energy Underwriting experience.

Technical Skills

• Strong knowledge of energy underwriting and risk engineering.
• Excellent analytical and market intelligence skills.
• Strong relationship management and networking capabilities.
• Solid computer proficiency.

About Net2Source Inc.

Net2Source offers global staffing solutions and enterprise scale recruitment support.

Recognized by INC 5000 & SIA

We support inclusive hiring practices in accordance with UAE labor law.