Underwriter, Commercial Lines

HL Assurance Pte Ltd; Singapore; On-site; SGD 60,000 - 90,000; Full time

Benefits offered by this job

Competitive salary

Health and wellness benefits

Training and development

Collaborative, inclusive culture

Job summary

HL Assurance Pte Ltd is seeking an experienced Underwriter/Senior Underwriter to join our Commercial Lines team in Singapore. You will provide strategic, risk-based underwriting solutions to our commercial clients.

Reporting to the Head of Commercial Lines, you will ensure timely underwriting decisions, collaborate with clients and intermediaries, and help optimise pricing and risk selection. We offer a competitive salary, comprehensive health benefits, ongoing training, and a collaborative,

Qualifications

• A recognized Diploma / Degree in any related discipline, with professional qualifications in General Insurance (GI)
• Minimum 2 years of hands-on relevant experience in Commercial Lines underwriting
• Strong analytical skills and decision making, with attention to details
• Resourceful, independent and a fast learner, able to grasp processes and system quickly
• Excellent presentation, communication, interpersonal and relationship management skills
• Able to work within tight schedule and under pressure

Responsibilities

• Assist in product strategies development that will book growth and garner profitability to achieve production target.
• Implement and manage effective pricing to ensure pricing is adequate to commensurate with the acceptable risk exposure.
• Handle risk assessment and underwriting of the assigned class of insurance business to deliver underwriting decision within specified turnaround time.
• Liaise closely with direct clients, banking team and insurance intermediaries to secure potential profitable business and achieve production targets.
• Conduct market research and competitors' statistical analysis of all product classes.
• Perform portfolio reviews on a monthly basis and recommend corrective actions whenever required.
• Understand and achieve synergies between risk underwriting, reinsurance and treaty programs.

Skills

Analytical skills

Attention to detail

Communication

Interpersonal skills

Fast learner

Decision making

Education

Diploma / Degree in related discipline

GI professional qualifications

Job description

About Us

HL Assurance Pte. Ltd. (HLAS) is a licensed insurance company in Singapore since 2012 and a subsidiary of Hong Leong Financial Group Berhad (HLFG). As a member of the Hong Leong Group, we're part of a leading conglomerate with diversified businesses across Asia, Europe, North America, and Oceania.

We are seeking experienced Underwriter/Senior Underwriter to join our Commercial Lines team. You will play a crucial role in providing strategic, risk-based underwriting solutions to our commercial clients.

Underwriter/Senior Underwriter, Commercial Lines

Job Responsibilities:

Reporting to the Head of Commercial Lines, you shall be responsible to

• Assist in product strategies development that will book growth and garner profitability to achieve production target.

• Implement and manage effective pricing to ensure that pricing is adequate to commensurate with the acceptable risk exposure.

• Handle risk assessment and underwriting of the assigned class of insurance business to deliver underwriting decision within specified turnaround time.

• Liaise closely with direct clients, banking team and insurance intermediaries to secure potential profitable business and achieve production targets.

• Conduct market research andcompetitors' statistical analysis of all product classes.

• Perform portfolio reviews on a monthly basis and recommend corrective actions whenever required.

• Understand and achieve synergies between risk underwriting, reinsurance and treaty programs.

Job Requirements

• A recognized Diploma / Degree in any related discipline, with professional qualifications in General Insurance (GI)

• Minimum 2 years of hands-on relevant experience in Commercial Lines underwriting

• Strong analytical skills and decision making, with attention to details

• Resourceful, independent and a fast leaner, able to grasp processes and system quickly

• Excellent presentation, communication, interpersonal and relationship management skills

• Able to work within tight schedule and under pressure

What we offer

At HL Assurance, we are committed to providing our employees with a supportive and rewarding work environment. Some of the key benefits of joining our team include:

1. Competitive salary and performance-based bonuses

2. Comprehensive health and wellness benefits

3. Ongoing training and development opportunities

4. A collaborative and inclusive company culture

We regret that only shortlisted candidates will be notified.