Principal, New Business HNW Specialist

2 days ago


Singapur, Singapore AIA Full time
About the Role

We are seeking a highly skilled and experienced Principal, New Business HNW to join our team at AIA. As a key member of our New Business HNW team, you will be responsible for performing underwriting assessments for high net worth cases and non-HNW cases, within assigned authority and supporting daily operational tasks.

Key Responsibilities
  • Underwrite all HNW applications (formal and preliminary) and communicate decisions to intermediaries within agreed Turn Around Time with competitive underwriting decisions and minimal requirements calling.
  • Resolving enquiries and issues with channel management is also part of the responsibility of this role.
  • Ensure 90% of medical memos are issued within T+1 day.
  • Actively handle own cases appeal with supervisor and postpone and decline cases by directly communicating to agent or BDM on the rationale and any other option that can be explored.
  • To review and improvise our current processes or way of doing things in order to support our strategic priority on Ease of Doing Business.
  • To alert supervisor and speak up in team meeting on any in competitive reinsurer guidelines/decision, inconsistency in underwriting approach, or on any issues/guideline that needs clarification.
  • Review of medical panels and medicals related requests.
  • Involved in Quality Assurance review (audit of cases).
  • Involved in onboarding of first line AML screening by attending compliance training, with target to perform agreed AML screening type by own department, thus reducing the overall case processing time by cutting down compliance referrals.
  • Provide underwriting-related support to business development projects, e.g.: digital transformation, coaching / training, etc.
Requirements
  • Tertiary qualification, preferably in Science, Biology, Nursing.
  • At least 7 years working experience in individual life and health insurance underwriting, past exposure in high net worth/ universal life products would be an advantage.

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