Job Purpose
You are required to provide underwriting support within the risk management framework of GELS prescribed guidelines, for individual life product lines (especially High Net Worth products like Universal Life, Whole Life Multiplier, and Investment Linked Plans).
The Job
- Provide underwriting due diligence on new applications, within the prescribed guidelines by GELS and Reinsurance partners
- Identify risks and apply best underwriting practices in line with the industry standard
- Provide competitive, yet risk appropriate underwriting advice and market leading underwriting services
- Provide critical liaison and build strong business relationship with external stakeholders like distribution channels (Agency, Bancassurance & Brokers) and Reinsurers, and with internal stakeholders like HNW Business Management team, Group Risk Management, AML & Compliance, Products and Actuarial teams
- Proactively seek for HNW process improvement and instill a culture of customer-first approach
- Ensure timely and adequate support for business including training for distribution channels
- Support in the reviewing and updating underwriting guidelines for High Net Worth products
- Project management, for example to review and streamline work processes to support business operations, prepare SOPs, review forms etc
- Provide underwriting support for post-issue and post-claims underwriting
- Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks
- Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company
- Highlights any potential concerns /risks and proactively shares best risk management practices
Our Requirements
- Degree with minimum 10 years of solid experience in underwriting Life, Disability, Critical illness, Accident and Health risks, with at least 5 years of High Net Worth underwriting experience
- Proficiency in Mandarin as candidate is expected to read & interpret medical reports in Chinese language
- Leadership ability, team player, excellent interpersonal and communication skills, problem solving skills and business acumen
- Good interpersonal and communication skills
- High level of integrity, takes accountability of work and good attitude over teamwork
- Takes initiative to improve current state of things and adaptable to embrace new changes
About Great Eastern
Established in 1908, Great Eastern places customers at the heart of everything we do. Our legacy extends beyond our products and services to our culture, which is defined by our core values and how we work. As champions of Integrity, Initiative and Involvement, our core values act as a compass, guiding and inspiring us to embrace the behaviours associated with each value, upholding our promise to our customers - to continue doing our best for them in a sustainable manner.
We work collaboratively with our stakeholders to look for candidates who exhibit or have the potential to embrace our core values and associated behaviours, as these are the key traits that we expect from our employees as they develop their careers with us.
We embrace inclusivity, giving all employees an equal opportunity to shine and play their role in exploring possibilities to deliver innovative insurance solutions.
Since 2018, Great Eastern has been a signatory to the United Nations (UN) Principles of Sustainable Insurance. Our sustainability approach around environmental, social, and governance (ESG) considerations play a key role in every business decision we make. We are committed to being a sustainability-driven company to achieve a low-carbon economy by managing the environmental footprint of our operations and incorporating ESG considerations in our investment portfolios; improving people’s lives by actively helping customers live healthier, better and longer; and drive responsible business practices through material ESG risk management.
To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.
