Vice President - Underwriting

The Great Eastern Life Assurance Company Limited; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

An insurance firm located in Singapore is seeking a seasoned professional to provide underwriting support and ensure compliance with guidelines. The ideal candidate will have at least 10 years of experience in Life, Accident, and Health underwriting, with strong analytical and interpersonal skills. This role requires developing underwriting policies and maintaining strong relationships with reinsurers.

Qualifications

• Minimum 10 years’ experience in underwriting Life, Accident and Health risks.
• Non-degree holders with relevant experience or certification may be considered.
• Strong analytical skills with the ability to work under pressure.

Responsibilities

• Provide support to the Underwriting Team and liaise with reinsurers.
• Conduct regular audits to ensure compliance with underwriting guidelines.
• Underwrite new applications for life, health, and high net worth proposals.

Skills

Analytical skills

Interpersonal skills

Leadership

Teamwork

Education

Degree in a relevant field

Job description

Job Purpose

You are required to provide support to the Underwriting Team that involves liaising with reinsurers on underwriting guidelines, campaigns, and audit, and to co-ordinate and facilitate internal quality assurance. You are also required to provide underwriting support for all individual product lines in New Business Underwriting.

The Job

· Participate in the development and refinement of underwriting policies and procedures.

· Conduct regular audits and reviews to ensure compliance with established underwriting guidelines.

· Collaborate closely with reinsurers to develop and implementunderwriting campaigns

· Develop and maintain strong relationships with reinsurers to facilitate effective communication and collaboration

· Identify and mitigate potential risks associated with underwriting decisions through the review of pending cases.

· Underwrite new applications for life, health, long term care and high net worth proposals.

· Countersign and provide guidance to underwriters.

· Conduct underwriting training for distribution channels.

· Ensure department KPI are achieved.

· Take accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks;

· Maintain awareness of industry trends on regulatory compliance, emerging threats and appropriate steps to mitigate the risks; and

· Highlight any potential concerns/risks and proactively shares best risk management practices.

Requirements:

· Degree with at least 10 years’ experience in underwriting Life, Accident and Health risks;

· Non-degree holders who have relevant experience or certification in underwriting may be considered;

· Leadership ability and a team player;

· Strong analytical skills with the ability to work under pressure;

· Good interpersonal and communication skills;

· High level of integrity, takes accountability of work and good attitude over teamwork; and

· Takes initiative to improve current state of things and adaptable to embrace new changes.