Assistant Manager, Underwriting

Great Eastern Life; Kuala Lumpur; On-site; MYR 48,000 - 72,000; Full time

Job summary

An established industry player is seeking a dedicated Assistant Manager in Underwriting to join their dynamic team. This role involves assessing potential clients' risk factors and establishing coverage terms while ensuring compliance with industry standards. You'll play a crucial part in managing the underwriting process, analyzing vital information, and mentoring junior team members. If you are passionate about making a difference in the insurance sector and possess strong analytical and communication skills, this is the perfect opportunity for you to grow your career in a supportive environment that values integrity and initiative.

Qualifications

• Degree holder with preferred LOMA qualification or FLMI.
• Strong knowledge of medical and financial underwriting principles.

Responsibilities

• Perform prudent underwriting of new and existing policies.
• Analyze medical, non-medical, and financial information.
• Manage underwriting process and ensure compliance.

Skills

Medical Underwriting Knowledge

Financial Underwriting Principles

Communication Skills

Problem-Solving Skills

Attention to Detail

Decision-Making Skills

Education

Degree in relevant field

LOMA qualification/FLMI

Job description

Job Description - Assistant Manager, Underwriting (250000BM)

Job Number:

250000BM

Discover the GREAT in your career.

As a LIFE company, our customers are at the heart of all that we do. Being one of Asia’s leading insurers for over a century, we have built a long-lasting legacy of trust with our customers over many generations. At the foundation of this trust is Integrity, Initiative, and Involvement – from the way we treat every customer relationship with honesty and transparency, to our proactive approach of delivering the best possible solutions in both life and general insurance.

Integrity, Initiative, and Involvement is what guides us. It is what makes us do the right thing, take the lead, and choose ‘we’ over ‘me’. Our mission is to make life great for our customers because we understand what matters most to them, and we know how to help them protect it.

If you are looking to grow in an exciting career that empowers you to achieve the organisation’s business development objectives, we are seeking an experienced candidate to join our team as an Underwriting Assistant Manager.

Job Purpose

To determine potential clients’ risk factors and to establish the terms of coverage.

The Job

1. Performs prudent underwriting of new business, existing policies and reinstatement of lapsed policies within expected response time set.
2. Manages all aspects of underwriting process, selects and classifies risk according to company philosophy and standards.
3. Analyzes and interprets medical, non-medical and financial information.
4. Makes decisions within approval limits and determines appropriate requirements.
5. Handles enquiries from distribution channels and internal customers.
6. Helps in the development of senior and junior team members.
7. Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
8. Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
9. Highlights any potential concerns/risks and proactively shares best risk management practices.

The Person

1. Degree holder. LOMA qualification/ FLMI preferred.
2. Detailed knowledge of medical and financial underwriting principles and practices.
3. Ability to assess financial justification for both personal and business coverage, to review and understand financial documentation.
4. Effective and professional verbal and written communication skills.
5. Sensible judgement, attention to details and confident decision-making skills.
6. Ability to define, research and resolve problems.
7. High level of integrity, takes accountability of work and good attitude over teamwork.
8. Takes initiative to improve current state of things and adaptable to embrace new changes.

Location: Great Eastern HQ

Employment Type: Permanent

Entity: Great Eastern Life Malaysia