Job Objective:
Assist LOB Head to monitor & supervise Liability team through effective planning, managing to achieve underwriting budget and underwriting profit in accordance with the company/regulatory guidelines or benchmark.
Job Responsibilities:
- Establish underwriting policies for commercial lines Liability products to achieve growth and profit objectives.
- Review and evaluate Liability products that exceed the underwriter's authority and provide direction to the underwriters
- Provide underwriting input in arranging an adequate reinsurance treaty arrangement to protect the policy holders and shareholder's interest.
- Supervise and monitor the operations of insurance activities of the company relating to Liability classes.
- Assist LOB head to monitor the performance of Distribution's underwriting activities and prepare relevant underwriting reports for Management.
- Ensure all Policy Wordings, Proposal Forms and Underwriting Guidelines are reviewed regularly and updated in a timely manner and to remain current and relevant.
- Develop and implement training programs jointly with HRD for Distribution Staff including BDEs and
- Underwriters to upgrade their technical competency.
- Review and redesign or improve current work processes for better delivery of tasks/job output.
- Provide technical support for Distributions
- Ensure effective and efficient administration of day-to-day business operations in line with SOP across all support functions.
- Ensure consistency with enterprise risk management guidelines.
- Ensure compliance with regulations and laws.
- Ensure good corporate governance is practiced and are being exercised by the department.
- Assist to build an organization that attracts and retains talents to ensure critical business processes are highly efficient and effective.
- Assemble and empower a high performing team. Ensure effective succession plan in place for key positions.
Job Requirement :
- Bachelor's degree in Insurance, Risk Management, Business Administration, or a related field.
- Minimum 8 years of experience in commercial lines underwriting, with strong exposure to Liability products.
- Strong knowledge of Liability underwriting, risk assessment, pricing, policy wordings, reinsurance, and portfolio management.
- Good understanding of insurance regulations, underwriting guidelines, risk management, SOPs, and corporate governance.
- Excellent analytical, decision-making, communication, and stakeholder-management skills.
