Manager, Commercial Underwriting
5 months ago
Key Objective
**This position is responsible for**:
1. The overall portfolio management, operation and system of the IPL business in a manner that contributes to profitability by achieving strategic goals and targets.
2. Review and improvement system and processes of the IPL business which includes front end system and referral.
3. Work closely with the portfolio team to monitor and recommend improvement to the business where relevant.
Major duties and responsibilities
Underwriting
- Drive the underwriting function to assess risks for commercial fleet.
- Manage all intermediaries and internal stakeholders to monitor market requirements and ensure revenue maximization.
- Ensure the delivery of service standard level for quotation and enquiry.
Portfolio Management
- Monitor key ratios including but not limited to combined ratios, loss ratios, premium and policy count. Identify key actions if there’s deterioration.
- To work with the portfolio team to build and maintain relevant portfolio monitoring and to provide
- Assist in providing Portfolio Analysis: Monitor key ratios including but not limited to combined ratios, loss ratios, premium and policy count and, in conjunction with Underwriting Manager, identify key actions to maintain targeted ratios and oversee execution of action plans. Identify specific poor performing accounts; review of acquisition expenses; review of claim reports/activity; review of portfolio by producer.
System Planning
- Review and improve the current front-end system and back end in conjunction with the business strategic goals.
- Collaborate with various stakeholders, such as IT, project managers where relevant.
- UAT and system testing for product launch.
- Manage system setup for underwriting products.
Processes
- To review and identify room for improvement for underwriting processes including referral.
Market intelligence
- Assist with market research of competitors' products and trends within the industry.
- Provide recommendations and input on strategic product opportunities.
- Maintain awareness of industry trends on regulatory compliance, emerging threats and appropriate steps to mitigate the risks
Training
- Manage, train, mentor and guide underwriter to be technically proficient in underwriting and product development.
**Qualifications**:
**Skills**:
P & L expertise and strong understanding of financial figures.
Strong underwriting technical skill on Motor and Residential products
Thorough understanding of standard operation flow of consumer lines business
Strong communication and interpersonal skills and networking
Result oriented and posses strong analytical skills
Computer literate especially MS Office.
Experience
More than 8 years relevant experience in the class of business.
**Qualifications**:
Tertiary qualification in any discipline, preferably diploma/ Associate in Insurance qualifications (ACII/AMII)
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