Executive/ Senior Executive, Underwriter

GREAT AMERICAN INSURANCE COMPANY; Singapore; On-site; SGD 60,000 - 100,000; Full time

Job summary

A dynamic underwriting role in Singapore with GREAT AMERICAN INSURANCE COMPANY focused on driving profitable growth of the P&C portfolio. Responsibilities include providing technical guidance, maintaining strong intermediary relationships, and ensuring high service standards. Candidates should have a solid background in underwriting practices and strong analytical skills to manage and enhance pricing models effectively.

Qualifications

• Experience in underwriting or related insurance functions.
• Ability to maintain strong relationships with intermediaries and clients.
• Strong analytical skills to develop pricing models and conduct portfolio management.

Responsibilities

• Drive profitable growth of the P&C portfolio.
• Establish best practices to meet service standards.
• Conduct monthly report preparation and analysis.

Job description

Responsibilities include, but are not limited to, the following:

• Adhere to both business and underwriting plans and strategies to support the business growth through the various distribution channels.
• Working with the Team Lead and own team to drive the profitable growth of P&C portfolio for the company and achieving market leadership.
• Working with the Team Lead to establish best practices and processes to ensure that the team meet the company’s service standards set.
• Provide technical guidance to the team.

Underwriting
Assist the Team Lead to:
• Develop, maintain, review and enhance appropriate Pricing Model and establish Market Price.
• Underwrite and maintain a profitable book of P&C business.
• Ensure Technical Portfolio Management and conduct remediation for underperforming portfolios.
• Assist the Team Lead to compile, analyze and prepare monthly reports required and present during monthly meetings and business reviews.
• Assist the Team Lead to develop, maintain, review and enhance Underwriting Manual and Policy Wording.
• Assist the Team Lead to ensure that the team determines an acceptable pricing and terms, within their underwriting authority and underwriting guidelines, on new business and renewals.
• Ensure acceptable loss ratio through coordinating account stewardship process, loss control activities, tracking and following up on large claims and related activity as required.
• Ensure evaluation of facultative reinsurance needs and coordination as necessary within company underwriting and risk control guidelines.
• Ensure that sanction checks are conducted.
• Ensure timely and proper passing down of instructions to Policy Administration with the required information / documentation.

Channel / Relationship Management / Service Standards
• Develop, maintain and deepen relationships with intermediaries in support of business retention and acquisition and works with customers and distributors (agents & FAs) to determine their insurance related needs and provide solutions.
• Maintain service standards by timely response to intermediaries’ requests and timely receipt of collateral and agreements in addition to meeting deadlines on submissions of quotations, certificates and/or policies.
• Adopt practices to ensure rigorous screening via our KYC process.
• Stay current on competition, underwriting environment, and market conditions and to share findings and updates with all members of the team as appropriate.