Full Time New Business HNW Underwriter, Consultant-Principal Jobs, Salary up to SGD 9,500 in AIA SINGAPORE PRIVATE LIMITED Islandwide (Singapore) - Maukerja

In this role, you will perform underwriting assessment for high net worth cases and non-HNW cases, within assigned authority and support daily operational tasks. You will also provide underwriting-related support for ad-hoc tasks 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