Manager, Underwriting at Great Eastern… · Singapore

Responsible for providing technical support in underwriting and product development in relation to all class of insurance across all distribution channels.

The Job

Underwriting

· Monitor underwriting standards and ensure they are aligned to the Company’s business strategies and underwriting policies

· Achieve sustainable and profitable underwriting outcome for all products written

· Provide technical support in underwriting for all distribution channels

· Handle underwriting referrals and product enquiries from all distribution channels

· Review policy/clause wordings and maintain the policy wording library

· Review, monitor and management of Fire, Personal Accident and Bond accumulation

· Conduct quarterly underwriting quality review

· Review and update of SOPs, Proposal Forms and underwriting documents

· Run reports and validate accuracy (example: quarterly underwriting performance report, accumulation, premium register, etc)

· Keep up-to-date with market products, pricing and activities in the Personal & Commercial Lines space

Product Development

· To coordinate all stages of product development, from initial concept to finalization and distribution

· To develop or revamp products based on business needs and requirement

· Assist in market competitor analysis (including benefits and pricing comparisons)

· To coordinate the entire product management process including coordinating the review and its submission for approval

· Ensuring the satisfactory completion of post-launch reviews

· Coordinating the Annual Product Review and its submission to Group Product Management and Approval Committee (GPMAC)

Others

· Ensure compliance with all laws, regulatory provisions and Group policies in relation to Company's operations

· Tertiary education or professional insurance qualification

· Minimum 3 years’ working experience in general insurance industry or technical knowledge in underwriting and reinsurance

· Possess analytical and problem-solving abilities, collaboration and communication skills

· Good interpersonal skills

· Proficient in MS Word, Excel and PowerPoint

· Team player and able to work independently

• Champion and embody our Core Values in everyday tasks and interactions.
• Demonstrate high level of integrity and accountability.
• Take initiative to drive improvements and embrace change.
• Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
• Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei. The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia. Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.