Job Summary:
Assist the Head through effective planning, managing to achieve underwriting budget and underwriting profit in accordance with the company/regulatory guidelines or benchmark.
Job Description:
Strategic & Management
- Assessment of risk acceptance according to underwriting guidelines.
- Negotiate and determine optimal terms of insurance policies with Business Unit or Intermediaries.
- Provide underwriting input in arranging an adequate reinsurance treaty arrangement to protect the policyholders and shareholders interest.
- Input to establish underwriting policies for commercial lines (Bond) products to achieve growth and profit objectives.
- Supervise and monitor the operations of insurance activities of the company relating to Bond classes.
- Assist to design, develop and introduce new products.
- Ensure all Policy Wordings, Proposal Forms and technical documentation are reviewed regularly and updated in a timely manner and to remain current and relevant.
- Assist to develop and implement training programs.
Business Operations
- Assist to review and redesign or improve current work processes for better delivery of tasks/job output
- Provide technical support for junior underwriters and branches.
- Ensure effective and efficient administration of day-to-day business operations in line with SOP across all support functions.
Compliance
- Ensure consistency with enterprise risk management guidelines.
- Ensure compliance with regulations and laws.
- Ensure good corporate governance is practiced and are being exercised by the department.
People Management
- Assist to build an organization that attracts and retain talents to ensure critical business processes are highly efficient and effective
Requirements :
- Minimum of 7-8 years of working experience in Commercial Underwriting field, with at least minimum of 3-4 years of doing Bond Underwriting.
- Degree in Actuarial Science, Insurance, or any relevant degrees
