Assistant Manager, IPL Underwriting

Chubb Ltd.; Malaysia; On-site; MYR 60,000 - 90,000; Full time

Job summary

Chubb Ltd. is looking for a professional to assist the Senior Manager in managing underwriting and product development for the IPL portfolio in Malaysia. This role entails meeting financial targets, improving operational efficiency, and managing portfolio performance across various insurance products.

Responsibilities include developing new products, ensuring compliance with regulations, and providing timely reporting. The position requires collaboration with distribution channels and a focus on continuous process enhancements.

Responsibilities

• Contribute to achieving the yearly financial plan for the IPL team.
• Improve the underwriting journey and reduce administrative work.
• Assess and manage portfolio performance and underwriting referrals.
• Work closely with distribution channels and provide feedback.
• Ensure underwriting work meets turnaround time standards.
• Support development of new product features and obtain approvals.
• Assist in system changes and maintenance for various products.
• Adhere to reporting standards for internal and external submissions.
• Ensure compliance with regulatory guidelines.

Job description

Key Objective

The position is responsible for assisting the Senior Manager, UW and Product in managing the overall underwriting and product development function within the IPL portfolio, i.e. Auto, Residential & Specialty Personal Lines (SPL – Device Protection, Cyber Insurance etc.), and aim to meet IPL yearly financial target, both topline and bottomline. This also includes identify business opportunities, ensure proper governance process and good underwriting discipline that support the accelerated growth in the IPL portfolio.

Major duties and responsibilities

• Financial Targets – To contribute as part of the IPL team structure in achieving the yearly financial plan, both topline & bottomline.
• Operation Efficiency – To improve the underwriting journey during risk assessment & acceptance, reduce administrative work, and shorten the time taken for referral/approval case.
• Portfolio Management – Assess and manage the portfolio performance, and underwriting referrals as well as continuous review and enhancements of underwriting processes and procedures.
• Relationship Management – Work closely with distribution channels with constructive feedback & discussion and generating new ideas to keep growing the portfolio.
• Service standard – Ensure that service standard level of underwriting work is within the agreed turnaround time.
• Product Development – Provide technical support when developing new product features, new coverage wording, obtain approval etc.
• System Enhancement – To support the system change required or system maintenance required for Auto, Residential or SPL products.
• Reporting – Adherence to reporting, internal and external, timely and accurate submission of reports and statistics.
• Compliance – Ensure full compliance with regulatory, PIAM, local, regional and global guidelines including peer review.
• Any other duties as assigned