Underwriter

BDO Unibank; Mandaluyong; On-site; PHP 420,000 - 650,000; Full time

Job summary

BDO Life Assurance Company, Inc. in Ortigas, Philippines, seeks a Life Underwriter responsible for evaluating risk and insurability of prospective clients and issuing policies with premiums aligned to mortality risk. Nursing or medical-related degrees are preferred, and fresh graduates are welcome to apply.

You will verify documents, request additional information, and render underwriting decisions up to your authority. Onsite work is required in Ortigas.

Qualifications

• Evaluates accuracy and adequacy of information and documents provided by applicants.
• Requests additional information to underwrite risk and coordinates requirements with Financial Advisors or agents.
• Underwrites applications and assesses risk based on guidelines and regulatory requirements.
• Provides underwriting decisions within authority (Approved, Declined, Postponed).
• Updates underwriting worksheet and system with decisions and status (e.g., Withdrawn/Cancelled).
• Prepares write-ups and refers cases beyond authority to medical consultants or underwriting committee.

Responsibilities

• Evaluate information/documents provided by applicants.
• Determine additional information needed for underwriting.
• Underwrite based on guidelines and regulatory requirements.
• Provide underwriting decisions within authority.
• Update system with decisions and status.
• Prepare write-ups and refer cases beyond authority.

Skills

Attention to detail

Communication skills

Education

Nursing or medical-related degree

Job description

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Mandaluyong City, National Capital Region, PH

Business Unit: BDO Life Assurance Company, Inc.

Department:

The position is primarily responsible for the evaluation of risk and insurability of prospective client for life insurance and issuance of policy with classification and premium commensurate to the client's assessed level of mortality risk.

Responsibilities:

• Evaluates accuracy and adequacy of information and documents provided by applicants.
• Determines additional information or documents needed to appropriately underwrite applicants' risk and immediately coordinates additional requirements to soliciting Financial Advisors or agents.
• Accurately underwrites insurance applications and assesses the risk presented based on the company's underwriting guidelines, Anti-Money Laundering Act and other Regulatory requirements.
• Provides underwriting decision - Approved, Declined, Postponed (up to the level of authority provided by level/position)
• Updates underwriting worksheet and system accordingly by indicating underwriting decision or application status including "Withdrawn/Cancelled".
• Prepares appropriate write-up and refers cases beyond his/her authority to the medical consultant, Underwriting committee, if needed.

Qualifications:

• University graduate with a degree in Nursing or any medical related course
• Experience in life insurance underwriting, an advantage.
• Must be keen to details and can work in a fast-paced environment.
• With good oral and written communication skills.
• Fresh graduates are welcome to apply.
• Willing to work onsite and be assigned in Ortigas.

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