Team Lead – Line of Business Insurance

Job Description

Position Title: Team Lead – Line of Business

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

This role is responsible for developing and executing the Line of Business (LOB) strategy and achieving business goals for the GC&C segment in India. The position encompasses managing underwriting performance, governance, and profitability of the portfolio while leading a team and building strong market relationships. The ideal candidate will bring a strong background in underwriting and portfolio management, along with the leadership ability to drive results across a dynamic business landscape.

Key Responsibilities
• Strategy Development & Execution

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

Ensure underwriting activities are within the defined risk appetite, capital requirements, and operational standards.

Drive market-facing underwriting initiatives and monitor performance KPIs.

Foster a diversified and sustainable portfolio to achieve long-term profitability.
• Portfolio Performance & Profitability

Manage the full P&L responsibility for the LOB, delivering top-line (GWP) and bottom-line (NTR) results.

Shape the local value proposition and ensure profitable business growth.

Strengthen client and broker relationships to promote tri-party collaboration.

Monitor and refine product and risk mix as per LOB appetite, with corrective actions as needed.
• Underwriting Excellence

Enforce adherence to technical underwriting guidelines, risk appetite, and operational manuals.

Ensure utilization of underwriting tools and oversee data accuracy and quality.

Monitor premium adequacy, CAT exposure, accumulation control, and reporting.

Reduce leakages and enhance portfolio profitability through treaty optimization and re-underwriting actions.
• Governance & Controls

Implement governance frameworks such as UQAs and TUR reviews.

Ensure compliance with local and group-level underwriting regulations and policies.

Maintain ownership of local underwriting guidelines, manage delegated authorities, and support internal functions like Audit, Finance, and Actuarial.
• People Leadership & Development

Build and lead a high-performing team with a collaborative and performance-driven culture.

Mentor, coach, and support team members in skill-building and technical development.

Facilitate cross-learning, best practice sharing, and succession planning across the team.

Education

Qualifications & Experience:

Graduate/Postgraduate in a relevant field. Preference for candidates with a degree in Economics, Engineering, Statistics, or Physics.

Completion of a professional insurance qualification is required.

Experience

Proven experience underwriting a profitable LOB portfolio.

Experience managing a country-level underwriting portfolio.

Exposure to international operations and diverse business environments.

Key Skills & Competencies

Deep understanding of LOB strategy and portfolio management

Strong market knowledge of general insurance and competition

Risk assessment, pricing, and product development capabilities

Influencing, coaching, and leadership abilities

Excellent communication, presentation, and analytical skills

Team building, motivation, and collaboration skills

Proficiency in English; knowledge of additional languages is a plus

Willingness to travel as required