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

Two95 International; Kuala Lumpur; On-site; MYR 80,000 - 120,000; Full time

Job summary

A leading insurance provider is seeking a Senior Executive (MAT) in Kuala Lumpur to manage underwriting for marine, aviation, and transportation sectors. Responsibilities include risk assessment, financial analysis, and maintaining a renewable book of business. The ideal candidate should possess strong negotiation skills and a comprehensive understanding of insurance fundamentals. This is a full-time, on-site role.

Qualifications

• Ability to manage renewable business and analyze risks.
• Proficient in insurance financial fundamentals.
• Strong negotiation and communication skills.

Responsibilities

• Select and underwrite individual risks to achieve desired results.
• Negotiate facultative reinsurance as needed.
• Monitor and recommend actions for the book of business.

Skills

Risk Assessment

Financial proficiency

Actuarial fundamentals

Marketing and communications

Coverage, terms and conditions

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