AVP, Underwriting

As a LIFE company, our customers are at the heart of all that we do. Being one of Asia's leading insurers for over a century, we have built a long-lasting legacy of trust with our customers over many generations. At the foundation of this trust is Integrity, Initiative, and Involvement – from the way we treat every customer relationship with honesty and transparency, to our proactive approach of delivering the best possible solutions in both life and general insurance.

If you are looking to grow in an exciting career filled with opportunities and potential, we are seeking an experienced candidate to join our team as AVP, Underwriting (Fire, Engineering & Miscellaneous) GEGM.

Job Purpose

Managing the day-to-day operations of the Fire, Engineering & Miscellaneous Underwriting with the objective of ensuring effective and efficient Underwriting process. Champion the Fire, Engineering & Miscellaneous portfolio, lead the development and execution of underwriting strategies, and drive profitable growth within this underwriting segment.

The Job

• Implement strategies for the Fire, Engineering & Miscellaneous business lines segment, to optimize portfolio performance, mitigate risks and drive profitability in line with GEGM objectives.
• Monitor and analyse the portfolio performance, key metrics and industry trends to identify opportunities for improvement and growth.
• Provide leadership and guidance to the Fire, Engineering & Miscellaneous underwriting team, ensuring adherence to underwriting guidelines, policies and regulatory requirement.
• Oversee the underwriting process, reviewing and approving complex risks, and providing technical expertise on the lines underwriting matters.
• Foster a culture of collaboration, knowledge-sharing, and continuous improvement within the team.

Market Orientation

• Identify and evaluate new business opportunities within the lines' segment, collaborating with Business Units to expand market presence and drive growth.
• Work closely with external producers and internal stakeholders to understand their needs, tailor insurance solutions, and effectively communicate underwriting strategies and value proposition.
• Any other assignments or additional responsibilities assigned by the Head of Commercial Lines/ Head of Underwriting to support the overall goals and objectives of the department and GEGM.
• As part of the leadership team, work with key stakeholders to proactively shape the organization's culture and conduct environment that is aligned to the organization's Core Values.
• Champion culture and conduct behavioral expectations within the team.
• 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

• Minimum Degree holder and/or CAII/AMII/AAII.
• 7 to 10 years' experience in underwriting the relevant classes of insurance.
• Knowledge in General insurance, insurance operations, BNM & PIAM regulations, market intelligence and underwriting.
• Has the competencies in leadership, problem solving, interpersonal skills, impact, business expertise, business acumen, underwriting skill and analytical skills.
• Demonstrates alignment with the organization's core values through expected behaviors.
• 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.

Entity: Great Eastern General Malaysia

Employment Type: Permanent

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.