Underwriter, Asia Construction & Engineering Division

Allied World Assurance Company Ltd; Singapore; On-site; SGD 70,000 - 120,000; Full time

Job summary

Allied World Assurance Company Ltd. is seeking an experienced Underwriter to manage a diverse Construction & Engineering portfolio in Asia.

You will assess risks, price accurately, and coordinate withclaims, marketing and servicing teams to meet profitability targets. The role requires 3–5 years in construction/insurance or risk engineering, an engineering degree, and strong relationship and communication skills.

Qualifications

• Minimum 3 to 5 years relevant experience in construction, insurance, or risk engineering.
• Engineering degree with insurance qualifications is advantageous.
• Self-motivated, organized, and a strong team player.
• Strong relationship building and communication skills.

Responsibilities

• Underwrite Construction & Engineering business in Asia according to guidelines.
• Review submissions, price analysis, and policy forms with other departments.
• Maintain policies, endorsements, risk bordereaux and underwriting files.
• Negotiate with intermediaries and clients on pricing and coverage.
• Identify upsell and cross-sell opportunities to grow profitable revenue.
• Collaborate with Claims to assess market risks affecting profitability.
• Identify process improvements to enhance efficiency and outcomes.

Skills

Underwriting

Pricing analysis

Relationship building

Communication skills

Education

Engineering degree (civil or mechanical)

ACII or equivalent

Tools

MS Suite

Job description

Job Summary

Responsible for underwriting a diverse book of Construction & Engineering business in Asia by employing the methods necessary to meet projected profitability, GWP and expense goals. The role supports the team for growth of overall portfolio of business within the appropriate underwriting discipline/guidelines, marketing and servicing of existing and potential clients.

Job Duties and Competencies:

• Perform general underwriting functions of Construction & Engineering business in accordance with underwriting guidelines, including submission reviews, pricing analysis, review policy forms and wordings, setting terms and conditions and liaising with other departments to establish full understanding of risk exposures.

• Administrate policies, endorsements and risk bordereaux, assist with credit control, maintenance of underwriting files, portfolio monitoring & reporting and related tasks.

• Maintain contact with intermediaries and customers including negotiations or pricing and coverage, while managing interactions in an efficient, courteous and timely manner.

• Proactively identifying and pursuing upselling and cross-selling opportunities to maximize profitable revenue potential from new and renewal business and achieve agreed business targets.

• Liaising with Claims Department on any specific claim activity and overall market claim concerns which could potentially affect profitability.

• Proactively identify opportunities to improve business processes with a focus on efficiency and outcomes.

• Other duties as may be assigned.

Essential Requirements

• Minimum 3 to 5 years relevant experience in the construction industry, insurance industry (technical lines) or in risk engineering.

• Engineering degree (civil or mechanical) with insurance qualifications (ACII or equivalent) would be an advantage.

• Self-motivated and well organized; results driven and a good team player.

• Possess strong relationship building, interpersonal and communication skills.

• Attention to detail and capable of dealing with tight timelines and conflicting priorities.

• Proficiency in MS Suite is essential.