Manager, Extended Warranty Underwriter, Retail Division | Kuala Lumpur, MY

Allianz; Kuala Lumpur; On-site; MYR 60,000 - 85,000; Full time

Job summary

A leading insurance company is seeking an experienced Extended Warranty Underwriter to enhance their underwriting team. The role requires evaluating warranty products and ensuring compliance with company guidelines, while supporting business growth. Ideal candidates should possess strong analytical skills with relevant experience in the insurance industry.

Qualifications

• 4-5 years of experience in underwriting within the extended warranty or insurance industry.
• Strong understanding of risk assessment and pricing methodologies.
• Professional certifications (e.g., CMII) are desirable.

Responsibilities

• Evaluating and underwriting extended warranty applications.
• Developing underwriting guidelines and policies.
• Monitoring performance of warranty products and adjusting strategies.

Skills

Analytical skills

Decision-making

Problem-solving

Communication

Education

Bachelor's degree in Finance, Business, Insurance or a related field

Tools

Underwriting software

Microsoft Office Suite

Job description

Manager, Extended Warranty Underwriter, Retail Division

Does customer satisfaction inspire you?

We are seeking an experienced and detail-oriented Extended Warranty Underwriter with 4-5 years of industry experience to join our underwriting team. In this role, you will evaluate and underwrite extended warranty products, ensuring they align with company guidelines and risk appetite while supporting business growth and profitability.

You will be responsible for:

• Assessing and analyzing extended warranty applications, evaluating risk factors, and determining appropriate coverage, terms, and pricing.
• Developing and maintaining underwriting guidelines and policies to ensure consistency and compliance with regulatory standards.
• Collaborating with sales and marketing teams to design warranty programs that meet customer needs and align with company objectives.
• Monitoring the performance of existing warranty products, analyzing loss ratios, claims data, and market trends to adjust underwriting strategies as necessary.
• Providing user requirements and conducting UAT to ensure system rollout accuracy.
• Issuing policies and supporting branch in policy issuance matters.
• Staying current with industry developments, emerging risks, and regulatory changes to ensure competitiveness and compliance.

Important to your success:

• Bachelor's degree in finance, Business, Insurance, or a related field.
• 4-5 years of experience in underwriting, preferably within the extended warranty or insurance industry.
• Strong analytical skills with a thorough understanding of risk assessment and pricing methodologies.
• Proficiency in underwriting software and tools, as well as Microsoft Office Suite.
• Excellent decision-making and problem-solving abilities, with keen attention to detail.
• Strong communication skills, both written and verbal, with the ability to explain complex concepts clearly.
• Professional certifications (e.g., CMII) are highly desirable.
• Experience working with automotive, electronics, or appliance extended warranty products.
• Knowledge of regulatory requirements and industry best practices related to extended warranties.
• Familiarity with using ChatGPT for automating routine tasks and enhancing productivity.

Let's care for tomorrow. For taking calculated risks and driving innovation.

Disclaimer: Due to the high volume of applications, we are unable to provide individual feedback. If you do not hear from us within 14 days, please consider your application unsuccessful.

All updates regarding your application will be communicated via email. Please check your email regularly.

Note: Allianz will not accept unsolicited resumes via email unless directly from a candidate. We are not responsible for fees related to unsolicited resumes.

Allianz Group is a trusted insurance and asset management company, committed to diversity and inclusion. We welcome applications regardless of ethnicity, age, gender, nationality, religion, disability, or sexual orientation.

Great to have you on board. Let's care for tomorrow.