Underwriting Manager, High Net Worth and Individual Life Business

HSBC; Hong Kong; On-site; HKD 900,000 - 1,200,000; Full time

Job summary

HSBC Life seeks a high-calibre Underwriting Manager for High Net Worth and Individual Life, based in Hong Kong. The role focuses on applying underwriting policies, accepting cases within delegated authority, and updating guidelines to stay competitive.

You will streamline processes and ensure compliance across Life, CI and Medical portfolios, including cross-border risk assessment and reinsurer liaison. You will build strong relationships with brokers, private banking and corporate banking

Qualifications

• Degree qualification.
• Solid experience in Life insurance underwriting with authority across Life, CI and Medical.
• Experience with cross-border international risk assessment and liaison with reinsurers.
• Broker, Private Banking and Commercial banking exposure is desirable.

Responsibilities

• Apply HSBC’s underwriting policies to ensure sound, profitable business.
• Accept or authorize new business cases within delegated authority.
• Monitor and update underwriting rules for competitiveness and risk standards.
• Identify opportunities to streamline internal processes and improve service delivery.
• Ensure compliance with procedures, policies and regulatory requirements.

Skills

Interpersonal skills

Communication skills

Customer service

Self-motivated

Proactive

Time management

Education

Degree qualification

Professional qualification (LOMA/ALU/ALUCA or CII)

Job description

HSBC Life is a world-class institution where you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank. Insurance is about people, and the promises they make.At HSBC Life we help deliver on these promises by providing a wide variety of life insurance products and services to our clients throughout the Asia-Pacific Region. Our Employees enjoy a dynamic and innovative workplace and a world of opportunities to develop their careers in a high-profile growing business segment. We empower our team of high-performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC.Together we pursue efficient ways of working. We harness the latest data and technology solutions to achieve meaningful outcomes for our clients. The protection we offer creates broad and lasting impact, helping clients to be healthier, more productive and more confident in their futures.

We are currently seeking a high calibre professional to join our team as an Underwriting Manager, High Net Worth and Individual Life Business.

In this role you will:

• Apply HSBC’s underwriting policies and principles to ensure we’re taking on business that’s sound and lasting profitable
• Accept or authorize the acceptance of new business cases or policy changes within your delegated authority limits and on a sound and profitable portfolio basis
• Help monitor and update underwriting rules and guidelines to ensure ongoing market competitiveness and alignment with evolving medical and insurance risk standards
• Identify opportunities to streamline internal processes and procedures, both within and external to this role in order to optimize customer service delivery
• Ensure compliance with established procedures, service standards, Group policies, and regulatory requirements, backed by robust internal controls
• Contribute to a customer-centric environment that is aligned with HSBC’s mission and vision, demonstrating sensitivity to customer needs and concerns
• Build strong relationships by sound and effective communications with both internal and external stakeholders
• Deal with challenges and problems promptly, effectively and professionally
• Participate in underwriting projects/implementation/product development

To be successful you will need:

• Possess a degree qualification and having professional qualification; LOMA, ALU, ALUCA or CII will be desirable
• Solid experience in Life insurance field with attained underwriting authority across Life, CI and Medical businesses in the High Net Worth field
• Hold a substantial financial sum insured authority
• Ideally experienced in managing Broker, Private Banking and Commercial banking complex or jumbo cases including liaison with Reinsurers
• Hold a substantive complex medical health impairment authority to the order of +150% extra mortality or morbidity to Decline
• Hold full authority and experience over cross border international geographical, occupational and avocational risk assessment disciplines
• Possesses strong interpersonal, customer service and communication skills
• Be a self-motivated, proactive self-starter with the ability and attributes to act and perform with minimal direction or instruction
• Work beyond the boundaries of usual time and effort in meeting these expectations, creatively and innovatively in often addressing uniquely individual challenges in the Life Insurance market

Opening up a world of opportunity

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited.

https://www.youtube.com/embed/QmZ7Un5gR8c?si=LCa6slfBqlUlxUE-