Senior Underwriter

Labuan Reinsurance (L) Ltd - Official Page; Kuala Lumpur; On-site; MYR 180,000 - 300,000; Full time

Job summary

Labuan Reinsurance is seeking a Head of Facultative Underwriting based in our Kuala Lumpur office. You will lead the MGA, Casualty & Financial Lines division, drive underwriting strategy, and ensure optimal risk selection for Facultative and related teams.

Key duties include managing risk exposure analyses, training staff, marketing to generate business, and executing portfolio strategies with a focus on continuous process improvements to elevate efficiency and profitability.

Qualifications

• Bachelor’s degree in any related field.
• Professional insurance qualification such as ACII, AMII or CII.
• Minimum of 5 years relevant working experience in the related function.
• Basic Treaty underwriting assessment including knowledge of Long Tail, Short Tail, Proportional Pricing Tool Fundamentals will be an advantage
• Casualty (CGL, Products Liability), Financial Lines facultative (D&O, PI, BBB, Medmal) risks assessment
• Intermediate to expert level of Excel with extensive usage of pivot tables, pivot charts and ability to cut and slice data from our internal booking system will be an advantage

Responsibilities

• Underwrite MGA and Facultative Casualty & Financial Lines risks including as a 4-eye referral point for Financial Lines and Casualty classes for other divisions.
• Guide the team on underwriting risk exposure analysis including motivating team to achieve higher standard of performance.
• Supervise subordinates’ day to day activities.
• Conduct training periodically internally (underwriters, claims) and externally (clients).
• Generate business through marketing efforts for MGA Casualty & Financial Lines risks.
• Assist the Head in managing the portfolio through performance management reports and usage of analytics to optimize the portfolio.
• Contribute to construction of strategy, execute and monitor business plans.

Skills

Underwriting

Leadership

Data analysis

Attention to detail

Education

Bachelor’s degree

ACII/AMII/CII

Tools

Excel

Job description

Labuan Reinsurance is one of the largest local growth Reinsurance companies with more than 35 years in Global General Reinsurance. We currently looking for candidates for the Head of Facultative Underwriting based in our Kuala Lumpur office.

Job Description

Manage the MGA, Casualty & Financial Lines division whose primary objective is to drive, construct and manage the MGA, Casualty & Financial Lines portfolio for the underwriting team which includes being a referral underwriter for the Facultative and Treaty team for those said lines.

Your Key Responsibilities focus on:

• Underwrite MGA and Facultative Casualty & Financial Lines risks including as a 4-eye referral point for Financial Lines and Casualty classes for other divisions

People Management

• Guide the team on underwriting risk exposure analysis including motivating team to achieve higher standard of performance
• Supervise subordinates’ day to day activities

Training

• Conduct training periodically internally (underwriters, claims) and externally (clients)

Marketing

• Generate business through marketing efforts for MGA Casualty & Financial Lines risks
• Assist the Head in managing the portfolio through performance management reports and usage of analytics to optimize the portfolio

Strategy construction and execution

• Contribute to construction of strategy, execute and monitor business plans
• Focus on continuous process improvements to achieve higher operational efficiency

Job Requirement

• Bachelor’s degree in any related field.
• Possess a professional insurance qualification such as ACII, AMII or CII.
• Have a minimum of 5 years relevant working experience in the related function
• Basic Treaty underwriting assessment including knowledge of Long Tail, Short Tail, Proportional Pricing Tool Fundamentals will be an advantage
• Casualty (CGL, Products Liability), Financial Lines facultative (D&O, PI, BBB, Medmal) risks assessment
• Intermediate to expert level of Excel with extensive usage of pivot tables, pivot charts and ability to cut and slice data from our internal booking system will be an advantage