Underwriting Assistant Manager/Manager, Commercial Lines

HL Assurance Pte Ltd; Singapore; On-site; SGD 60,000 - 85,000; Full time

Job summary

A leading company in the insurance sector seeks an Underwriter for Commercial Lines. This role requires a Diploma or Degree in a related field and professional certifications in General Insurance. The successful candidate will manage risk assessment, develop product strategies, and drive new business acquisition. An attractive remuneration package, along with professional growth opportunities, is offered.

Benefits

5-day work week with flexible hours

Attractive remuneration package

Variable performance bonus

Annual leave entitlement

Medical and dental benefits

Group hospitalization and surgical insurance

Personal accident and term life insurance

Qualifications

• Minimum 5 years of relevant experience in underwriting commercial lines.
• Resourceful, independent, with strong attention to detail.
• Able to work under pressure and tight schedules.

Responsibilities

• Assist in product strategies development to achieve production targets.
• Handle risk assessment and underwriting for assigned insurance business.
• Conduct market research and competitor analysis to innovate market approach.

Skills

Analytical skills

Decision making

Presentation skills

Interpersonal skills

Education

Diploma or Degree in related discipline

Professional qualifications in General Insurance

Job description

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 insurance brokers, clients, agencies and agents 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.

• Strategize business initiatives and campaigns with Distribution to drive new business acquisitions and retain renewal accounts.

• Drive new business acquisitions through intermediaries to potential customers through strong engagements, trainings and seminars.

• Design and execute high quality training and engagement programs with Distribution to educate intermediary partners on product portfolio and benefits offered by the Company.

• Achieve assigned targets and KPIs for sales production and profitable portfolio. Proactively recruits new intermediaries to expand distribution network.

• Establish productive, professional relationships with key personnel in acquired intermediary accounts.

• Perform regular market research and competitor analysis to keep ourselves ahead of competition and to continuously innovate our market approach.

• Leads innovative solution projects that enhance user requirements and customer experience, while coordinating the involvement of all necessary stakeholders.

• Coordinates the involvement of company stakeholders, including support, service levels and processes to meet partner/client requirements and objectives.

• Proactively leads an annual joint-planning process to develop mutual performance objectives, financial targets, and critical milestones associated with our intermediaries.

• Foster excellent communication with internal and external stakeholders to drive distribution and operational efficiencies.

• Perform any other assigned duties from time to time.

Job Requirements:

• A recognized Diploma or Degree in any related discipline, with professional qualifications in General Insurance

• Minimum 5 years of hands-on relevant experience in underwriting commercial lines including Fire, Property, All Risk, Public/ Product Liability, CAR, WIC, GPA, GBT, and other groups.

• 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

Other Information and Benefits

• 5-day work week (Mon – Fri, 9 am - 6 pm)

• Walking distance from Tanjong Pagar MRT

• Attractive remuneration package, variable performance bonus, annual leave entitlement, outpatient and dental benefits, group hospitalization and surgical, personal accident and term life insurance, etc.