Underwriting Specialist

2 days ago

Kuala Lumpur, Kuala Lumpur, Malaysia Great Eastern Full time 720,000 - 1,200,000 per year

About the Job

To determine potential clients' risk factors and to establish the terms of coverage.

  • Performs prudent underwriting of new business, existing policies and reinstatement of lapsed policies within expected response time set.
  • Manages all aspects of underwriting process, selects and classifies risk according to company philosophy and standards.
  • Analyzes and interprets medical, non-medical and financial information.
  • Makes decisions within approval limits and determines appropriate requirements.
  • Handles enquiries from distribution channels and internal customer.
  • Helps in the development of senior and junior team members.

We are looking for people who

  • Degree qualification. LOMA qualification/ FLMI preferred.
  • Detailed knowledge of medical and financial underwriting principles and practices.
  • Ability to assess financial justification for both personal and business coverage, to 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.

How you succeed

  • 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. Ver 1.0
  • 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.

Who we are

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.

To all recruitment agencies
: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes

Location:
Menara Great Eastern

Employment Type:
Permanent

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