Assistant Vice President

Assistant Vice President - High Net Worth Underwriting Join to apply for the Assistant Vice President - High Net Worth Underwriting role at GREAT EASTERN Assistant Vice President - High Net Worth Underwriting 1 week ago Be among the first 25 applicants Join to apply for the Assistant Vice President - High Net Worth Underwriting role at GREAT EASTERN Get AI-powered advice on this job and more exclusive features. Job Purpose You are required to provide underwriting support within the risk management framework of GELS prescribed guidelines, for individual product lines (especially high net worth products). Job Purpose You are required to provide underwriting support within the risk management framework of GELS prescribed guidelines, for individual product lines (especially high net worth products). The Job Provide underwriting due diligence on new applications, within the prescribed guidelines by GELS and Reinsurance partners Identify risks and apply best underwriting practices in line with the industry standard Provide competitive, yet risk appropriate underwriting advice and market leading underwriting services Provide critical liaison and build strong business relationship with distribution channels (Agency, Bancassurance & Brokers), Group Risk Management, Products, Actuarial, Reinsurers, etc. Proactively seek for HNW process improvement and instill a culture of customer first approach Ensure timely and adequate support for business, including training for distribution channels Support in the reviewing and updating of underwriting guidelines for High Net Worth products Project management, e.g. review & streamline work processes to support business operations, prepare SOPs, review forms etc. Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks. Maintain awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company Highlights any potential concerns/ risks and proactively shares best risk management practices Our Requirements Degree with at least 8 years of solid experience in underwriting Life, Disability, Critical Illness, Accident and Health risks Prior experience of HNW underwriting is preferred Previous exposure to post-issue underwriting and post-claims underwriting is preferred Leadership ability, team player, excellent interpersonal and communication skills, problem solving skills and business acumen Good interpersonal and communication skills High level of integrity, takes accountability of work and good attitude over teamwork Takes initiative to improve current state of things and adaptable to embrace new changes About Great Eastern 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