Underwriting Lead
5 days ago
Job Description
GREAT EASTERN is seeking an experienced Underwriting Assistant Manager to join our team. As a key member of our underwriting team, you will be responsible for determining potential clients' risk factors and establishing the terms of coverage.
The Key Responsibilities
- Perform prudent underwriting of new business, existing policies, and reinstatement of lapped policies within expected response time.
- Manage all aspects of underwriting process, selecting and classifying risk according to company philosophy and standards.
- Analyze and interpret medical, non-medical, and financial information.
- Makes decisions within approval limits and determines appropriate requirements.
- Handle enquiries from distribution channels and internal customers.
- Help develop senior and junior team members.
- Take accountability for considering business and regulatory compliance risks and take appropriate steps to mitigate risks.
- Maintain awareness of industry trends on regulatory compliance, emerging threats, and technologies to understand risks better and safeguard the company.
- Highlight potential concerns/risks and proactively share best risk management practices.
The Ideal Candidate
- Degree holder; LOMA qualification/FLMI preferred.
- Detailed knowledge of medical and financial underwriting principles and practices.
- Ability to assess financial justification for personal and business coverage, review and understand financial documentation.
- Effective and professional verbal and written communication skills.
- Sensible judgement, attention to details, and confident decision-making skills.
- Ability to define, research, and resolve problems.
- High level of integrity, takes accountability for work, and good attitude towards teamwork.
- Takes initiative to improve current state of things and adaptable to embrace new changes.
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