Insurance Underwriter Analyst

Paramount Life & General Insurance Corporation; Makati; On-site; PHP 279,000 - 390,600; Full time

Job summary

A leading insurance company in Makati is seeking an Underwriting Assistant to support the Underwriter in evaluating risks associated with insurance applications. The ideal candidate must have a degree in a 4-year business course and at least 1 year of related experience, preferably in non-life insurance. Excellent communication skills and proficiency in MS Applications are essential. This role involves assisting in policy assessments, generating reports, and ensuring compliance with underwriting guidelines.

Qualifications

• At least 1 year of related work experience, preferably in non-life insurance.
• Experience in dealing with customers and clients is required.
• Ability to work under pressure.

Responsibilities

• Assist the Underwriter in assessing risks and preparing quotations.
• Conduct reviews of new and renewal policies.
• Generate statistical reports and audits.

Skills

Excellent communication skills

Analytical skills

Computer literacy

Customer interaction

Education

Graduate of any 4-year business course

Tools

MS Applications (Excel, Word, PowerPoint)

Job description

A) Position Objective

The position is responsible for providing support and assistance to the Underwriter. The Underwriting Assistant assists underwriters in evaluating and assessing the risks associated with insurance applications, helping to make informed decisions. Conducts policy audits to ensure that all issued policies follow the underwriting guidelines.

B) Roles and Responsibilities

1. Provide immediate assistance to the Underwriter through the initial assessment of risk, CAT exposure, accumulation, and preparation of quotations/proposals.
2. Conduct initial reviews of new and renewal policies to help the Underwriter decide whether there will be adjustments to the premium or if still eligible for renewal.
3. Generate and prepare reports and other statistical reports.
4. Post-audit the policies issued by branches to ensure that underwriting guidelines are followed and report to the Underwriter any violations made.
5. Provide immediate assistance to IPPS by checking issued policies to ensure that all issued Fire/Property and Engineering Lines are in accordance with the proposed terms and that all warranties and clauses are properly applied.
6. Perform other tasks that the Underwriter may assign from time to time.

C) Minimum Job Requirements

• Education: Graduate of any 4-year business course.
• Work-Related Experience:
• At least 1 year of related work experience.
• Preferably with non-life insurance background.
• Experience in dealing with customers and clients.
• Excellent communication skills and ability to relate well with people.
• Specific Business Knowledge:
• Computer literate and well-versed in MS Applications (Excel, Word, PowerPoint).
• Ability to work under pressure with good analytical skills.