Manager, Liability Underwriting

Liberty General Insurance Berhad; Kuala Lumpur; On-site; MYR 180,000 - 240,000; Full time

Job summary

Liberty General Insurance Berhad in Kuala Lumpur seeks an experienced professional to assist the LOB Head in monitoring and supervising the Liability team. You will plan and manage activities to achieve underwriting budget and profit in line with company and regulatory guidelines.

You will establish underwriting policies for commercial Liability products, review high-exposure cases, and guide underwriters on risk assessment, pricing, and reinsurance.

Qualifications

• Bachelor’s degree in Insurance, Risk Management, Business Administration, or related field required.
• Minimum 8 years of experience in commercial lines underwriting with strong liability exposure.
• Strong knowledge of liability underwriting, risk assessment, pricing, policy wordings, reinsurance and portfolio management.
• Good understanding of regulations, underwriting guidelines, risk management, SOPs and governance.
• Excellent analytical, decision-making, communication and stakeholder-management skills.

Responsibilities

• Establish underwriting policies for commercial liability to achieve growth and profit objectives.
• Review and evaluate liability products exceeding underwriter’s authority and direct underwriters.
• Provide underwriting input for reinsurance arrangements to protect policyholders and shareholders’ interests.
• Supervise and monitor liability-related insurance activities of the company.
• Assist LOB head in monitoring distribution underwriting performance and creating management reports.
• Ensure policy wordings, proposal forms and underwriting guidelines are current and updated timely.
• Develop and implement training programs with HRD for distribution staff including BDEs and underwriters.
• Review or redesign work processes to improve task delivery.
• Provide technical support for distributions and ensure SOP-compliant operations.
• Ensure enterprise risk management guidelines and regulatory compliance are followed.
• Assist in building a high-performing organization with effective succession planning.

Skills

Analytical skills

Decision making

Communication

Stakeholder management

Team leadership

Underwriting knowledge

Education

Bachelor’s degree in Insurance, Risk Management, Business Administration, or related field

Job description

Assist LOB Head to monitor & supervise Liability team through effective planning, managing to achieve underwriting budget and underwriting profit in accordance with the company/regulatory guidelines or benchmark.

Job Responsibilities:

• Establish underwriting policies for commercial lines Liability products to achieve growth and profit objectives.
• Review and evaluate Liability products that exceed the underwriter’s authority and provide direction to the underwriters
• Provide underwriting input in arranging an adequate reinsurance treaty arrangement to protect the policy holders and shareholder’s interest.
• Supervise and monitor the operations of insurance activities of the company relating to Liability classes.
• Assist LOB head to monitor the performance of Distribution’s underwriting activities and prepare relevant underwriting reports for Management.
• Ensure all Policy Wordings, Proposal Forms and Underwriting Guidelines are reviewed regularly and updated in a timely manner and to remain current and relevant.
• Develop and implement training programs jointly with HRD for Distribution Staff including BDEs and
• Underwriters to upgrade their technical competency.
• Review and redesign or improve current work processes for better delivery of tasks/job output.
• Provide technical support for Distributions
• Ensure effective and efficient administration of day-to-day business operations in line with SOP across all support functions.
• Ensure consistency with enterprise risk management guidelines.
• Ensure compliance with regulations and laws.
• Ensure good corporate governance is practiced and are being exercised by the department.
• Assist to build an organization that attracts and retains talents to ensure critical business processes are highly efficient and effective.
• Assemble and empower a high performing team. Ensure effective succession plan in place for key positions.

Job Requirement :

• Bachelor’s degree in Insurance, Risk Management, Business Administration, or a related field.
• Minimum 8 years of experience in commercial lines underwriting, with strong exposure to Liability products.
• Strong knowledge of Liability underwriting, risk assessment, pricing, policy wordings, reinsurance, and portfolio management.
• Good understanding of insurance regulations, underwriting guidelines, risk management, SOPs, and corporate governance.
• Excellent analytical, decision-making, communication, and stakeholder-management skills.