Assistant Vice President - Underwriting (Financial Lines)

The Great Eastern Life Assurance Company Limited; Singapore; On-site; SGD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a skilled underwriter to lead the Financial Lines business plan. This role focuses on driving growth and profitability while ensuring compliance and excellent customer service. You will exercise underwriting authority, engage with distribution channels, and provide technical guidance. The ideal candidate will have a strong background in Financial Lines insurance underwriting, excellent analytical and presentation skills, and a collaborative mindset. Join a dynamic team where your contributions will significantly impact the company's success and customer satisfaction.

Qualifications

• 5+ years in Financial Lines insurance underwriting in Singapore market.
• Strong knowledge of general insurance laws and regulations.

Responsibilities

• Drive profitable growth of Financial Lines through effective underwriting.
• Ensure compliance with underwriting requirements and service standards.
• Train junior underwriters and maintain proper records.

Skills

Analytical Skills

Attention to Detail

Presentation Skills

Decision Making

Team Player

Education

Undergraduate Degree

ACII or ANZIIF Certification

Tools

Microsoft Office

Job description

Your role is to execute the Financial Lines business plan to achieve both top-line growth and bottom-line profitability with a risk-oriented mindset delivered at a high quality customer service standard.

Responsibilities

1. Drive profitable growth of Financial Lines by:
1. Exercising underwriting authority within delegated authority to assess, price and quote both new and renewal risks;
2. Referring risks to the appropriate next level approval for risks outside delegated authority;
3. Ensuring compliance with all relevant underwriting requirements and company’s reinsurance treaty limits, terms and conditions;
4. Upholding underwriting excellence and providing technical guidance in risk selection, pricing adequacy and product offerings;
5. Growing new business by (i) identifying and engaging under-penetrated distribution channels, and (ii) deepening engagement with current distribution channels;
6. Conducting product trainings for distribution channels;
7. Working closely with Accounts on credit control matters;
8. Ensuring acceptable loss ratio through loss control activities and engagement with claims personnel.
2. Set and uphold service standards by:
1. Timely response to the requests of intermediaries or clients;
2. Timely renewal outreach;
3. Regular follow up;
4. Timely and proper instruction to Policy Processing Team.
3. Ensure smooth operation of Financial Lines by:
1. Maintaining proper records of submission flows;
2. Preparing reports for monthly internal meetings and periodic business reviews with internal and external stakeholders;
3. Conducting regular portfolio review;
4. Training of junior underwriter(s) and/or underwriting assistant(s) as appropriate.
4. Others:
1. Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
2. Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
3. Highlights any potential concerns/risks and proactively shares best risk management practices.

Minimum Requirements

1. Have at least 5 years’ experience in Financial Lines insurance underwriting in the Singapore market with good knowledge of general insurance laws and legislations;
2. Undergraduate degree from a recognised institution;
3. ACII or ANZIIF or Certification in General Insurance;
4. Able to work collaboratively with intermediaries across all channels as well as to handle direct clients;
5. Good analytical skills and attention to details;
6. Good presentation skills;
7. Proficient with Microsoft Office applications;
8. Resourceful and independent with strong decision making ability;
9. Team player and a desire to achieve excellence;
10. High level of integrity, takes accountability of work and good attitude over teamwork;
11. Takes initiative to improve current state of things and adaptable to embrace new changes.