Product Lead Surety Insurance

Role Overview: The Product Lead Surety Insurance is a specialist product and analytics role embedded within the Underwriting function. You will be responsible for owning end-to-end product development, portfolio analytics, pricing model governance, and KPI management for the Surety line, working at the intersection of underwriting, technology, and business strategy. Key Responsibilities: - Own the Surety product roadmap, defining product constructs, bond types, coverage terms, sub-limits, and endorsements. - Draft and maintain Product Notes, Product Filing documents, and internal Product Manuals. - Lead BRD (Business Requirement Document) creation for pricing engines, underwriting platforms, and workflow automation. - Translate regulatory changes (IRDAI circulars, NMCE guidelines) into product updates and operationalize them with tech and ops teams. - Drive pilot launches for new bond categories or distribution channels; define acceptance criteria and evaluate outcomes. Data Analysis & Portfolio Intelligence: - Build and maintain portfolio dashboards tracking premium, exposure, loss ratios, claim frequency, and segment-level profitability. - Conduct deep-dive analyses on contractor segments, bond types, tenors, and geographic concentration. - Identify loss drivers and emerging risk concentrations; translate findings into actionable product or underwriting changes. - Own the data layer for the Surety line define data capture requirements, ensure data quality, and partner with tech on instrumentation. - Perform ad hoc portfolio interrogations to support pricing reviews, reinsurance negotiations, and regulatory submissions. Risk Modelling & Pricing Engine Ownership: - Own the risk and rule-based pricing framework for Surety bonds. - Maintain and version-control the pricing engine (Python / Excel); coordinate model updates with the tech team using structured BRDs with cell-level traceability. - Develop and calibrate credit scoring models for contractor financial assessment. - Monitor model performance post-deployment; identify drift, recalibrate parameters, and document rationale for all changes. - Support reinsurance treaty structuring by providing exposure summaries, modelled loss scenarios, and pricing adequacy assessments. KPI Management & Business Reporting: - Define, own, and report the KPI framework for the Surety line. - Prepare monthly and quarterly business reviews with structured variance analysis against plan. - Maintain STP / NSTP / Declined rate tracking and root-cause analysis for referral volumes. - Partner with the Power BI / MIS team to build automated dashboards; define data definitions and sign off on reporting logic. - Track leading indicators and flag deviations proactively. Underwriting Support & Decision Framework: - Design underwriting guidelines, referral matrices, and rule engines governing STP, NSTP, and Decline decisions. - Develop and maintain the Underwriter Reference Framework (RRF). - Define per bond limits, NFB aggregate limits, and collateral discount schedules based on portfolio performance data. - Support complex or large-ticket underwriting cases with financial analysis and model outputs. - Maintain underwriting authority matrices and ensure all limit changes are documented, versioned, and system-updated before release to sales. Cross-functional Coordination & Stakeholder Management: - Act as the primary interface between Underwriting, Technology, Operations, Actuarial, Finance, and Reinsurance for all Surety product matters. - Work closely with the tech team to define system requirements for the underwriting platform. - Coordinate with brokers, partners, and IMDs on product understanding, documentation requirements, and workflow queries. - Represent the Surety product in internal committees, product governance forums, and regulator interactions as required. Qualifications Required: - CA, CFA, Cost Accountant. - Graduate / Postgraduate in Engineering, Mathematics / Statistics, Finance, Economics, or MBA (Finance / Risk). Additional Company Details: - No additional details provided in the job description. Role Overview: The Product Lead Surety Insurance is a specialist product and analytics role embedded within the Underwriting function. You will be responsible for owning end-to-end product development, portfolio analytics, pricing model governance, and KPI management for the Surety line, working at the intersection of underwriting, technology, and business strategy. Key Responsibilities: - Own the Surety product roadmap, defining product constructs, bond types, coverage terms, sub-limits, and endorsements. - Draft and maintain Product Notes, Product Filing documents, and internal Product Manuals. - Lead BRD (Business Requirement Document) creation for pricing engines, underwriting platforms, and workflow automation. - Translate regulatory changes (IRDAI circulars, NMCE guidelines) into product updates and operationalize them with tech and ops teams. - Drive p