New Business HNW Underwriter, Principal

AIA Singapore; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

AIA Singapore is seeking an experienced Underwriter to perform underwriting assessments for high net worth and standard cases within assigned authority, and to support daily operational tasks. The role includes providing underwriting‑related support for ad‑hoc tasks and collaborating with stakeholders.

The ideal candidate has a minimum bachelor’s degree and at least 10 years of underwriting experience in direct and reinsurer environments, with strong exposure to high-net-worth products and

Qualifications

• Minimum bachelor’s degree.
• Minimum 10 years underwriting experience in both direct and reinsurer.
• Experience with a high underwriting authority for High‑Net‑Worth products is highly desirable.

Responsibilities

• Underwrite large sum assured applications (formal and preliminary) and communicate decisions to intermediaries within agreed TAT with competitive underwriting decisions and minimal requirements calling.
• Ensure cases are underwritten within the agreed TAT.
• Review complex appeal cases and coach underwriters for large sum assured cases underwriting.
• Liaise with reinsurers on referral cases that are beyond local authority.
• Resolve enquiries and issues with channel management.
• Actively handle own cases appeals, postpone and decline cases by directly communicating to distribution channels on the rationale and any other option that can be explored.
• Review and identify areas of process improvement or operational efficiency within New Business department. Support Team Lead to drive changes in process improvement and operational efficiency.
• Involved in Quality Assurance review (audit of cases) where applicable.
• Instill a higher risk awareness culture and collaborate with second liner on roles and support needed.
• Provide underwriting‑related support for business development projects when needed.
• Perform data or trend analysis when needed.

Education

Bachelor's degree

Job description

About the Role

Perform underwriting assessment for high net worth cases and non-high net worth cases within assigned authority and support daily operational tasks. Provide underwriting‑related support for ad‑hoc tasks that are assigned.

Responsibilities

• Underwrite large sum assured applications (formal and preliminary) and communicate decision to intermediaries within agreed TAT with competitive underwriting decision and minimal requirements calling. This will include negotiating with reinsurers for terms favorable to placing the business.
• Ensure cases are underwritten within the agreed TAT.
• Review complex appeal cases and coach underwriters for large sum assured cases underwriting.
• Liaise with reinsurers on referral cases that are beyond local authority.
• Resolve enquiries and issues with channel management.
• Actively handle own cases appeals, postpone and decline cases by directly communicating to distribution channels on the rationale and any other option that can be explored.
• Review and identify areas of process improvement or operational efficiency within New Business department. Support Team Lead to drive changes in process improvement and operational efficiency.
• Involved in Quality Assurance review (audit of cases) where applicable.
• Instill a higher risk awareness culture and collaborate with second liner on roles and support needed.
• Provide underwriting‑related support for business development projects when needed.
• Perform data or trend analysis when needed.

Requirements

• Minimum bachelor’s degree.
• Minimum 10 years underwriting experience in both direct and reinsurer.
• Experience with a high underwriting authority for High‑Net‑Worth products is highly desirable.