Assistant Manager, IPL Underwriting

Chubblifefund; Malaysia; On-site; MYR 120,000 - 180,000; Full time

Job summary

Chubblifefund in Malaysia is seeking a candidate to assist the Senior Manager in managing the underwriting and product development function within their IPL portfolio. The role involves achieving financial targets, improving operational efficiency, and contributing to product development.

Key responsibilities include managing portfolio performance, collaborating with distribution channels, ensuring service standards, and adhering to compliance guidelines. This position offers the opportunity to support system enhancements and contribute to overall business growth.

Qualifications

• Responsible for contributing to yearly financial targets within the IPL team.
• Improve underwriting efficiency and shorten risk assessment to approval times.
• Assess portfolio performance and oversee underwriting referrals and governance.
• Collaborate with distribution channels to grow the IPL portfolio.
• Ensure service standards and regulatory/compliance adherence.

Responsibilities

• Contribute to achieving yearly financial targets for IPL portfolio.
• Improve underwriting journey to enhance operational efficiency.
• Assess and manage portfolio performance and referrals.
• Collaborate with distribution channels for portfolio growth.
• Ensure service standards meet agreed turnaround times.
• Provide technical support for new product development.
• Support system enhancements for product maintenance.
• Adhere to reporting and compliance guidelines.
• Compliance – adhere to regulatory and global 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