Underwriting Consultant

1 week ago


Singapore TRANSAMERICA LIFE (BERMUDA) LTD. Full time
{"Job Summary

As a key member of the Underwriting team at TRANSAMERICA LIFE (BERMUDA) LTD., this role plays a crucial part in implementing the company's Underwriting policies and ensuring the delivery of agreed service standards.

Key Responsibilities

  • Support the development of the Underwriting team and effective case handling and professional service delivery.
  • Collaborate with Sales & Distribution and the Head, Underwriting (Singapore) to handle case sign-off.
  • Contribute to the overall team implementation of new initiatives to enhance the Underwriting operation.

Responsibilities

  • Assess risks on TLB applications with medical and financial decisions up to agreed authority and review applications in excess of agreed authority for subsequent sign-off.
  • Achieve Underwriting turnaround within targets and provide a quality service to business partners.
  • Ensure close collaboration across the team to maintain service levels.
  • Work closely with Compliance, CMO, reinsurers, and case approvers to ensure smooth and timely case decisions.
  • Proactively contribute to case Underwriting when necessary to ensure service levels are not missed.
  • Build strong relationships with business partners.
  • Communicate Underwriting service levels to the Head, Underwriting (Singapore) in a timely and effective manner.
  • Support the development of the Underwriting team by participating in internal training sessions.
  • Handle special projects and other assignments as delegated.

Requirements

  • Possess a degree qualification and professional qualification; LOMA, ALU, ALUCA, or CII will be desirable.
  • Minimum 5 years of Life & Health Underwriting experience.
  • Proficient Underwriting skills medically and financially.
  • Experience 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 performance bonus, 5-day work week, fringe benefits (medical, dental, life insurance), and good career prospects to the right candidate.

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