Underwriter - Actuarials degree - Life & Medical

Two95 International Inc.; Kuala Lumpur; On-site; MYR 60,000 - 80,000; Full time

Job summary

A leading insurance provider in Kuala Lumpur is seeking an Underwriter to assess risks and ensure compliance with company guidelines. Responsibilities include underwriting life and medical insurance products, collaborating with stakeholders, and conducting analysis to maintain a profitable portfolio. The ideal candidate has a Bachelor's Degree and at least 3 years of underwriting experience. Strong analytical skills and proficiency in Microsoft Office are required.

Qualifications

• Minimum of 3 years’ underwriting experience.
• In-depth knowledge of life and/or medical insurance.
• Proficient in Microsoft Office.

Responsibilities

• Underwrite life and medical insurance products by assessing risks.
• Ensure issuance of new applications and renewal materials.
• Collaborate with stakeholders to meet client requirements.

Skills

Customer oriented

Self-motivated

Strong numerical skills

Strong analytical skills

Excellent verbal communication

Excellent written communication

Proficient in Microsoft Office

Education

Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Insurance

Job description

Job Responsibilities:

• Underwrite life and medical insurance products by assessing the risks according to company guidelines and regulations.
• Ensure issuance of new applications and renewal materials are within standard turnaround time.
• Collaborate with the internal and external stakeholders to ensure that requirements and needs of the clients are met to develop new business and retain existing clients.
• Conduct analysis on risk to ensure profitable portfolio.
• Product development by furnishing product features, pricing, policy wording, standard operating procedure and product materials.
• Review existing products for new development and enhancements to stay competitive in the market.
• Ensure continuous compliance of regulations and procedures at all time.
• Initiate improvement to operational and process flow efficiency.
• Work on action plans to achieve company target.
• Ensure timely report submission to management.
• Ensure underwriting documentations are filed and records are accurate.
• To undertake any other duties and responsibilities requested by the Management as and when required.

• Education: Bachelor's Degree, Post Graduate, Professional Degree in Actuarial Science, Mathematics, Statistics, Insurance or related fields.
• Minimum of 3 years’ underwriting experience, with in-depth knowledge of life and/or medical insurance.
• Customer oriented and self-motivated.
• Proficient in Microsoft Office.
• Strong numerical and analytical skills.
• Excellent verbal and written communication skills.