New Business HNW Underwriter, Principal
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At AIA we've started an exciting movement to create a healthier, more sustainable future for everyone.
If that interests you, read on.
About the Role
Perform underwriting assessment for high net worth cases and non-HNW cases, within assigned authority and support daily operational tasks. Provide underwriting-related support for the ad-hoc tasks that was assigned.Responsibilities:
Underwrite large sum assured applications (formal and preliminary) and communicate decision to intermediaries within agree TAT with competitive underwriting decision and minimal requirement(s) calling. This will include negotiating with reinsurers for terms favorable to placing the business.
Ensure cases are underwritten within the agreed TAT.
Reviewing complex appeal cases and coaching underwriters for large sum assured cases underwriting.
Liaison with reinsurers on referral cases that are beyond local authority
Resolving enquiries and issues with channel management is also part of the responsibility of this role.
Actively handling 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. Also, to 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 degree
Minimum 10 years underwriting experience in both direct and reinsurer.
Experience with a high underwriting authority for High-Net-Worth (HNW) products is highly desirable
Job ID: 153228699
Skills:
Claims Management, Risk Assessment, Problem-solving, Underwriting Processes, capital allocation, Financial Effectiveness, Portfolio Growth, Distribution, Regulatory Compliance, internationalization, Operations, Strategy, Technology Integration
Skills:
clinical governance , Case Management, clinical supervision, Training programmes, Coaching, Standard operating procedures, Research initiatives, Quality assurance mechanisms, Mentorship, Evidence-informed practice, Practice guidelines, Evaluation activities, Clinical frameworks
Skills:
Tax Audits, Due Diligence, Litigation, process improvement, technical audit support, Dispute Resolution
Skills:
vision care , cgmp manufacturing , Quality Management, Process Engineering, Engineering Project Management, Global Engineering, Utilities, Productivity Improvement, Safety Engineering, Validation Procedures, field studies, compliance with engineering standards, Process Engineering Design, Six Sigma
Skills:
lifecycle management , equipment facility utilities automation, Lean Six Sigma, aseptic manufacturing, Continuous Improvement, engineering and process technology roadmaps, Root Cause Analysis, sustainable engineering solutions, Process Optimization, Industry 4.0, Process Validation, process control system upgrades, technology transfers, digitalization
