Job Description

Position Title: Assistant Vice President - Engineering

Department: Global Corporate & Commercial (GC&C)

Grade: M6

Location: Vikhroli - Head Office, Mumbai

CTC: Up to ₹25 LPA

Industry Preference: General Insurance only

Position Summary:

We are seeking an accomplished insurance professional to lead and manage the Engineering Line of Business (LOB) within the Global Corporate & Commercial (GC&C) segment. This leadership role is responsible for defining and executing underwriting strategy, delivering on portfolio performance, and ensuring governance and compliance within the business.

The candidate will be accountable for the profitability and sustainable growth of the Engineering portfolio, stakeholder engagement, and people development in alignment with regional and global business objectives.

Key Responsibilities:

1. LOB Strategy & Execution

Develop and implement a structured LOB underwriting strategy aligned with global and regional GC&C guidelines.

Execute underwriting within risk appetite, capital requirements, and operational standards.

Define and monitor LOB-specific KPIs to ensure technical excellence and long-term sustainability.

2. Portfolio Management & Profitability

Own full P&L responsibility for the Engineering LOB.

Deliver top-line (GWP) and bottom-line (NTR) results.

Optimize product mix, underwriting discipline, and tri-party relationships with clients, brokers, and partners.

Take corrective actions where needed to manage loss ratios and maintain profitability.

3. Underwriting Excellence

Drive adherence to technical guidelines, risk appetite, and data quality standards.

Utilize underwriting tools, exposure models, and financial KPIs effectively.

Manage accumulation exposures and support re-underwriting or corrective action plans where needed.

4. Governance & Compliance

Ensure full compliance with underwriting governance frameworks, internal controls, and regulatory requirements.

Supervise delegation of authority and support audit, finance, and actuarial functions with necessary documentation and insights.

Own and maintain local underwriting guidelines aligned with regional mandates.

5. Team Leadership & Development

Lead and develop a high-performing underwriting team.

Foster a culture of accountability, continuous learning, and technical excellence.

Support knowledge sharing, succession planning, and the creation of future leaders in the LOB.

Qualifications & Experience:

Education:

Graduate or Postgraduate, preferably with a degree in Engineering.

Completion of a professional insurance qualification is required.

Experience:

Minimum 10+ years in commercial lines underwriting.

Proven track record of profitable Engineering LOB underwriting.

Experience in managing a country-level portfolio and interacting with cross-cultural and international stakeholders.

Key Competencies:

Strong commercial and technical underwriting acumen

Strategic mindset with hands-on execution capability

Familiarity with reinsurance structures and CAT modelling

High attention to compliance, governance, and audit standards

Leadership skills to build and mentor diverse teams

Ability to manage complex stakeholder relationships (clients, brokers, regulators)

Job Type: Full-time

Pay: ₹2,000,000.00 - ₹2,500,000.00 per month

Schedule:

Day shift
Supplemental Pay:

Performance bonus
Application Question(s):

Have you managed a P&L responsibility for an Engineering or commercial portfolio
Are you currently working in the General Insurance industry
Have you directly handled the Engineering Line of Business (LOB) in a general insurance company

Experience:

commercial lines underwriting: 10 years (Required)
Work Location: In person