Head of Facultative Underwriting (General Insurance)

Labuan Reinsurance (L) Ltd - Official Page; Kuala Lumpur; On-site; MYR 180,000 - 240,000; Full time

Job summary

Labuan Reinsurance (L) Ltd - Official Page in Kuala Lumpur is seeking a strategic Head of Facultative Underwriting to lead facultative risks across regions and classes, excluding casualty and financial lines. You will oversee risk assessment, pricing oversight, training, and portfolio management while ensuring regulatory compliance.

Your role will partner with the Chief Underwriting Officer to build strategy, mentor a high-performing team, and strengthen relationships with cedents and brokers

Qualifications

• Bachelor’s degree in any related field
• ACII/AMII/CII professional qualification
• Minimum of 5 years experience in the related function
• Facultative underwriting assessment including knowledge of Pricing Tool Fundamentals
• Proficient with Excel pivot tables and data analysis tools

Responsibilities

• Lead and manage the facultative underwriting across regions and all classes except casualty and financial lines
• Support Chief Underwriting Officer on underwriting, risk assessment, and compliance
• Train and mentor underwriting staff; manage marketing and portfolio performance
• Collaborate with cedents, brokers, and stakeholders to grow business
• Contribute to strategy development and execution to improve operational efficiency

Skills

Self-starter

Independent work

Leadership

Analytical

Negotiation

Organizational skills

Excellent communication

Education

Bachelor’s degree in related field

ACII/AMII/CII professional qualification

Tools

Excel

Pivot tables

Pivot charts

Job description

Labuan Reinsurance is one of the largest local growth Reinsurance companies with more than 35 years in Global General Reinsurance. We currently looking for candidates for the Head of Facultative Underwriting based in our Kuala Lumpur office.

Job Description

Lead and manage the facultative underwriting (all regions, all classes except for casualty and financial lines classes) in the Underwriting Department. This includes assist the Chief Underwriting Officer on facultative underwriting and risk assessment, risk survey, training, marketing, portfolio management and ensuring compliance with regulatory requirements.

Your Key Responsibilities focus on:

• Manage, access and underwrite facultative risks including as a 4-eye referral points.


• Collaborate with underwriting teams to ensure adherence to established guidelines and standards.


• Implement and maintain sound risk management practices.

People Management

• Guide the team on underwriting risk exposure analysis including motivating team to achieve higher standard of performance and collaboration


• Provide strong leadership and supervise subordinate’s day to day activities

Training

• Conduct training periodically internally (underwriters, claims) and externally (clients)

Marketing

• Generate business through marketing efforts for opportunities and business expansion.


• Cultivate and maintain strong relationships with cedents, brokers, and other key stakeholders.


• Provide guidance on facultative reinsurance solutions.


• Assist the Chief Underwriting Officer in managing the portfolio through performance management monitoring, reporting and usage of analytics to optimize the portfolio

Strategy construction and execution

• Contribute to construction of strategy, execute and monitor business plans


• Focus on continuous process improvements to achieve higher operational efficiency

Job Requirement

• Bachelor’s degree in any related field.


• Possess a professional insurance qualification such as ACII, AMII or CII.


• Have a minimum of 5 years relevant working experience in the related function


• Facultative underwriting assessment including knowledge of Pricing Tool Fundamentals


• Intermediate to expert level of Excel with extensive usage of pivot tables, pivot charts an ability to cut and slice data from our internal booking system.

Attributes

• Self-starter and work independently on projects, tasks, and learning.


• Exceptional communication skills (written and verbal) – a clear articulation of ideas presented.


• Attention to detail and good judgment.


• Strong analytical, negotiation, and organizational/ leadership skills.