Senior Executive, Motor Underwriting (personal line, 5K) (ID: 591878)
Full-time
Senior Executive
9 months ago
Business Development
Assist the Head in successful business penetration launch.
Assist the Head in growing new and existing business through stre..
Business Development
- Assist the Head in successful business penetration launch.
- Assist the Head in growing new and existing business through strengthened account relationships by way of a multi-tier approach.
- Assist the Head in driving efforts in key business and line reviews including product selection, pricing, new product introductions, competitive (healthy) conversions via Key Decision Influencer, etc.
- Assist the Head in performing territory and distribution channel analyses and planning in order to prioritize allocation of efforts to maximize profitable growth.
Underwriting
Assist the Head and members to:
- Review and prepare underwriting / renewal information
- Prepare Motor Raters for discussion with Head.
- Underwrite risk and maintain a profitable book of Motor business.
- Prepare quotation slips after finalization with Head
- Attend to queries or mid-term changes from existing accounts
- Liaise with intermediaries and follow up on new quotations and renewals
- Ensure timely and proper passing down of instructions to Policy Administration with the required information / documentation.
- Ensure that sanction checks are conducted.
- Handle the checking of policies and broking slips
- Update and maintain the records, schedules, statistics, etc.
- Assist the Head to compile, analyze and prepare monthly reports required for monthly meetings and business reviews.
- Ensure that an acceptable pricing and terms is determine within own underwriting authority and underwriting guidelines, on new business and renewals.
- Ensure acceptable loss ratio through coordinating account stewardship process, loss control activities, tracking and following up on large claims and related activity as required.
- Ensure evaluation of facultative reinsurance needs and coordination as necessary within company underwriting and risk control guidelines.
- Stay current on competition, underwriting environment, and market conditions and to share findings and updates with all members of the team as appropriate.
Channel / Relationship Management / Service Standards
- Develop, maintain and deepen relationships with intermediaries in support of business retention and acquisition and works with customers and distributors (agents & brokers) to determine their insurance related needs and provide solutions.
- Maintain service standards by timely response to intermediaries’ requests and timely receipt of collateral and agreements in addition to meeting deadlines on submissions of quotations, certificates and/or policies.
- Adopt practices to ensure rigorous screening via our KYC process.
Staff Training & Development
- To adopt a holistic approach based on the Corporate Values to contribute to the Company’s success
- To conscientiously attend training to develop self within the organization where required.
- Regularly review and evaluate own performance to ensure compliance with established company policies and on track to attaining the goals and objectives set, while demonstrating the corporate values.
- To proactively adopt and constantly practice the Corporate Values and strongly encourage other team member’s behavior.
Job Requirement
- ACII, ANZIIF or Degree/Diploma in Insurance
- Basic Degree/Diploma in Business or Engineering with CGI
- Minimum 2 years’ experience in Motor insurance underwriting with direct intermediary engagement / technical underwriting.
- Knowledge of Motor insurance operations, underwriting procedures and understanding of policy wordings.
- Understanding of risk assessment, laws and legislation in relation to the Motor insurance industry.
- Proficiency in MS Office especially in Excel and PowerPoint.
We apologize that only shortlisted candidates will be contacted. Thank you
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