Insurance Underwriter

4 weeks ago


Singapore TRANSAMERICA LIFE (BERMUDA) LTD. Full time

Job Summary

This role focuses on implementing the company's underwriting policies, ensuring the delivery of agreed service standards. It involves collaborating with the Sales & Distribution team and the Head of Underwriting (Singapore) to achieve key results indicators.

Key Responsibilities

  • Supports the development of the Underwriting team, effective case handling, and professional service delivery.
  • Handles case sign-off, working closely with Sales & Distribution and the Head of Underwriting (Singapore).
  • Supports the overall team in implementing new initiatives to enhance the Underwriting operation.

Responsibilities

  • Assesses risks on TLB applications, making medical and financial decisions up to the agreed authority.
  • Reviews and signs off on applications exceeding agreed authority with the support of the Head of Underwriting (Singapore).
  • Achieves Underwriting turnaround within targets, maintaining quality service to business partners.
  • Ensures close collaboration across the team to maintain service levels.
  • Works with Compliance, CMO, reinsurers, and case approvers for smooth and timely case decisions.
  • Contributes proactively to the case Underwriting when necessary to ensure service levels are met.
  • Builds strong relationships with business partners.
  • Ensures timely and effective communication of Underwriting service levels to the Head of Underwriting (Singapore).
  • Supports the development of the Underwriting team through internal training sessions.
  • Handles special projects and assignments as delegated.

Requirements

  • Possesses a degree qualification and holds professional qualifications, such as LOMA, ALU, ALUCA, or CII.
  • Minimum 5 years of Life & Health Underwriting experience.
  • Proficient in Underwriting skills, both medically and financially.
  • Experienced in working directly with distribution partners.
  • Able to work under pressure and independently when required.
  • Effective written and oral communication skills.
  • Good interpersonal skills with energy and drive.
  • Ability to communicate and justify Underwriting decisions in a confident, calm, and clear manner.

We offer a competitive remuneration package, including a performance bonus, 5-day work week, fringe benefits (medical, dental, life insurance), and good career prospects.

Interested candidates are invited to submit their applications with detailed resumes, stating educational background, working experience, current and expected salaries, and contact number.

Your application will be treated in strict confidence. Only shortlisted candidates will be notified.

Personal data collected will be used for recruitment purposes.

Personal data of unsuccessful applicants may be retained up to two years only.

Tell Employers What Skills You Have

  • Ability to work under pressure
  • Collaboration
  • Interpersonal skills
  • Distribution partners
  • Proactive
  • Underwriting
  • Life insurance
  • Communication skills
  • Health insurance
  • Able to work independently


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