Underwriter for BDO Life

BDO Unibank; Pasig; On-site; PHP 420,000 - 700,000; Full time

Job summary

BDO Unibank is seeking a Life Insurance Underwriter to evaluate risk and determine premiums for prospective clients, ensuring insurability and alignment with underwriting guidelines.

Responsibilities include reviewing applicant information, requesting additional documents, underwriting applications, making decisions, updating systems, and referring complex cases to medical consultants or committees. Fresh graduates welcome; onsite in Ortigas.

Qualifications

• University graduate with a degree in Nursing or any medical related course.
• Experience in life insurance underwriting is 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.

Responsibilities

• Evaluates accuracy and adequacy of information and documents provided by applicants.
• Determines additional information or documents needed to appropriately underwrite applicants' risk and coordinates requirements to soliciting Financial Advisors or agents.
• Underwrites insurance applications and assesses risk based on underwriting guidelines, AML Act and regulatory requirements.
• Provides underwriting decision - Approved, Declined, Postponed (to the level of authority).
• Updates underwriting worksheet and system with decision or status including Withdrawn/Cancelled.
• Prepares write-ups and refers cases beyond authority to medical consultant or Underwriting committee when needed.

Skills

Attention to detail

Communication skills

Fresh graduates welcome

Education

Nursing or medical related degree

Job description

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.

Take note that BDO will NEVER ask candidates for payment at any part of the recruitment process, or processing of their job application.