Senior Execuitve/ Assistant Manager, Engineering Underwriter

Allianz Malaysia; Kuala Lumpur; On-site; MYR 90,000 - 140,000; Full time

Job summary

Allianz Malaysia is seeking an experienced Engineering Underwriter to assess, price, and underwrite complex engineering risks, ensuring contract certainty and adherence to risk appetite. You will work with agents, brokers, and corporate clients to drive profitable growth while maintaining underwriting discipline.

The role emphasizes collaboration with Claims, Risk Engineering, Reinsurance, and Operations to deliver effective solutions and maintain service standards.

Qualifications

• Minimum Diploma qualification in a relevant discipline.
• Experience in the insurance or reinsurance industry is preferred.
• AI literacy and digital acumen will be an added advantage.

Responsibilities

• Underwrite and assess submissions for insurance in line with guidelines.
• Prepare quotations, policy documentation, and endorsements accurately.
• Determine terms and conditions with intermediaries for risk acceptance.
• Monitor work on hand and prioritize to meet turnaround times.
• Develop and maintain relationships with brokers, agents, and partners.
• Negotiate profitable opportunities while maintaining underwriting discipline.
• Collaborate with Claims, Risk Engineering, Reinsurance, and Operations teams.
• Monitor portfolio performance to support profitable growth.
• Maintain accurate underwriting records and ensure regulatory compliance.
• Support process improvements and department projects.
• Provide expert underwriting guidance to clients and market partners.
• Assist team members to ensure smooth workflow.
• Stay informed on market developments and Construction risk trends.

Skills

Engineering underwriting

Portfolio management

Risk assessment

Pricing

Reinsurance principles

Education

Diploma in a relevant discipline

Job description

Looking for a career that allows you to take ownership of your work?

In the role of Engineering Underwriter, you’ll be responsible for assessing, pricing, and underwriting complex engineering and technical risks to ensure contract certainty, proper documentation, and adherence to internal risk appetite and guidelines. This role focuses on driving profitable growth for the engineering portfolio by analyzing technical data, structuring policy terms, and building strong relationships with agents, brokers and corporate clients.

This is an exciting opportunity for an experienced underwriter to ensure service standards, underwriting quality, and business growth objectives are maintained. You will work closely with agents, brokers and internal stakeholders to identify, shape, and secure high-quality opportunities while maintaining underwriting discipline and profitability.

You’ll Be Responsible For

• To underwrite and assess the submission of proposal for insurance in accordance with the Company guidelines and its inherited exposure.
• To prepare quotations, policy documentation, and endorsements accurately and within established service standards.
• To determine and discuss with intermediaries the appropriate terms and conditions applicable to risk acceptance.
• Establish process to effectively monitor work on hand and set priorities to complete tasks within turnaround time.
• Develop and maintain strong working relationships with brokers, agents, and distribution partners.
• Negotiate and secure profitable business opportunities while maintaining underwriting discipline.
• Collaborate closely with Claims, Risk Engineering, Reinsurance, and Operations teams to deliver effective underwriting solutions.
• Monitor and manage portfolio performance to support profitable growth.
• Maintain accurate underwriting records and ensure compliance with company policies, underwriting guidelines, and regulatory requirements.
• Support departmental projects, process enhancements, and continuous improvement initiatives.
• Deliver expert underwriting guidance to clients and market partners.
• Support team members across all operations to maintain smooth and efficient departmental workflow.
• Stay informed of market developments, industry trends, and emerging risks within the Construction sector.
• Any other duties as and when deemed necessary.

Qualifications

Important to your success:

• Minimum Diploma qualification in a relevant discipline.
• Experience in the insurance or reinsurance industry is preferred.
• AI literacy and digital acumen will be an added advantage.

Additional Traits

Technical Skills

• Advanced Engineering underwriting expertise.
• Portfolio management and optimization.
• Risk assessment, evaluation, and pricing capabilities.
• Sound understanding of reinsurance principles.

Commercial Skills

• Strong business partner relationship management.
• Business development and portfolio growth mindset.
• Effective negotiation and stakeholder management skills.
• Ability to identify and pursue cross-selling opportunities.

Disclaimer:

Thank you for your interest in joining our team. Due to the high volume of applications we receive, we are unable to provide individual feedback to every applicant. If you do not hear from us within 14 days of submitting your application, please assume that you have not been selected for this position.

Important: All updates regarding your application status will be communicated via email. Please ensure you frequently check your email for updates and further instructions.

Note: Allianz will not accept any forward unsolicited resumes from any source to our employees email other than directly from a candidate. We will not be responsible for any fees and charges imposed.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow.