Senior Executive - Underwriter -Insurance - Marine , Aviation & Transport

Two95 International Inc.; Kuala Lumpur; On-site; MYR 70,000 - 100,000; Full time

Job summary

A leading insurance corporation based in Kuala Lumpur is looking for a Senior Executive in Marine, Aviation & Transportation underwriting. The successful candidate will manage a portfolio of renewable business, perform risk assessments, and negotiate terms. Candidates should demonstrate strong skills in financial fundamentals and marketing communication strategies. This is a full-time, permanent role with an emphasis on profitability and strategic guidance.

Qualifications

• Ability to offer competitive coverage terms that generate profit.
• Skilled in identifying and analyzing risk exposures.
• Understanding of insurance financial fundamentals.

Responsibilities

• Select and underwrite individual risks within authority.
• Negotiate reinsurance when necessary.
• Manage a renewable book of business strategically.

Skills

Risk Assessment

Financial proficiency

Marketing and communications

Actuarial fundamentals

Fundamentals of coverage

Systems and programs

Job description

Senior Executive (MAT) - Marine , Aviation & Transportation- Underwritting

Full time & Permanent role WFO

• Primary responsibility is to manage new & existing book of renewable business through a demonstration of the following skills and abilities:

• Fundamentals of coverage, terms and conditions. Ability to offer coverage, terms and conditions which generate a profit for the Company while meeting the needs of the customer.
• Risk Assessment. Ability to identify risk exposures, special or common hazards, and appropriate controls. Ability to select risk based on exposure and risk analysis. Ability to analyse claims and quantify losses.
• Financial proficiency. Understanding of insurance financial fundamentals and their impact on underwriting decisions.
• Actuarial fundamentals. Ability to understand loss trends and ratemaking. Ability to quantify risk based on experience history and forecasting methods.
• Marketing and communications. Ability to sell and negotiate to achieve bottom line profitability for the Company. Ability to base communications on strategic thinking. Ability to manage producer strategy.
• Systems and programs. Ability to use systems and software programs needed to conduct daily business.

MAJOR DUTIES & RESPONSIBILITIES:

Duties may include but are not limited to:

• Within established business plans and assigned authority, select, analyse, and underwrite individual risks utilizing corporate pricing and reinsurance techniques to obtain desired results
• Negotiate facultative reinsurance on accounts where needed
• Manage a renewable book of business offering strategic underwriting guidance including rate/terms/deductibles
• Monitor results of the overall book of business assigned and recommend corrective action as necessary to insure retention of desirable accounts
• Provide quality and timely input on assigned projects to meet the Company’s needs in the changing market and to support profitable growth
• Participate in audits and/or underwriting meetings as required