Underwriter/senior Underwriter
3 days ago
**Underwriter/Senior Underwriter, Asia Pacific SME & Personal Lines Division**
**-**
**(**
**2200007I**
**)**
**Description**
Take the next step in your career with us.
Allied World is an ideal place for talented professionals who are driven by a belief in the value of collaboration and the power of knowledge.
We believe that when our great people work together and support one another, our clients receive the best solutions. We embrace unique perspectives and empower each person to grow through professional development, career training and mentoring programs.
Our people are our most important asset, and we are very proud of the quality of our team members.
**Job Summary**:
This position is responsible for underwriting SME Commercial Package and Personal Package products in Singapore, with a primary focus on SME Marine Cargo business (originating from Local Brokers and Agents). The position will require the employee to utilize the methods necessary to meet projected profitability, GWP, and expense goals, implementing proper underwriting discipline/guidelines, and marketing and servicing existing and potential clients. The position will also require the administration and monitoring of underwriting rules and guidelines, insurance laws and regulations, and rating rules and models. In addition, the employee will be required to take case referrals from distribution channel underwriters, and to provide technical guidance, assistance, and training to them on a periodic basis.
**Job Duties**:
- Underwriting functions including underwriting submission review, pricing analysis, setting of terms and conditions, and quote /bind /invoice authorisations
- Execute approved Marine business and provide ad-hoc reports and portfolio analysis as and when required
- Work closely with the SME team to cross-sell and underwrite other commercial lines products on a total account basis
- Exercise proper underwriting pricing and discipline to meet profitability goals, comply with underwriting guidelines, systems and procedures
- Mentor junior underwriting staff which includes, but is not limited to, training and development
- Maintain underwriting files in an orderly manner and in accordance with underwriting guidelines, including maintenance of all reporting systems for submissions and bound accounts, rate change modeling, bound account listing, submission log and reports as may be developed
- Conduct pre-quote and mid-term underwriting audits as needed
- Expand existing portfolio business by developing existing relationships and new prospective clients
- Interact with existing and prospective clients and intermediaries in support of the business
- Liaise with internal auditors, Claims, Actuarial, Accounting, IT and Legal departments as appropriate
- Work with line of business head to establish and track key KPIs to track portfolio experience by product and segment
**Qualifications**
**Essential Requirements**:
- Minimum 3-4 years of underwriting experience in the Marine Cargo business sector
- Previous experience with underwriting Commercial Package Products is an advantage.
- Strong fundamentals in underwriting principles, pricing, and knowledge of policy wordings
- Strong connections in the local Singapore market with intermediaries, with an interest in portfolio or team management
- Self-starter, who can work independently while also being able to work in conjunction with other functional departments
**Working at Allied World**
Our team of over 1,400 professionals has deep expertise in the industry. They enjoy their work, and many have served for several years. This is what you can expect when you join us:
- Instant membership in the Allied World Family — a global network of colleagues who will support your career journey
- A manager who will help you build your career through a structured coaching program
- Access to a full suite of learning and development tools and resources
**Global Presence**
We are headquartered in Bermuda, with offices in Atlanta, Boston, Chicago, Costa Mesa, Dallas, Dublin, Farmington (CT), Hong Kong, London, Los Angeles, Malaysia, Miami, New York, Philadelphia, San Francisco, Singapore, Sydney, Toronto and Zug.
**Our Business**
Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings Limited, and benefit from a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways.
Allied World is an equal opportunity employer. Subject to applicable law, all qualified applicants will be considered for employment without regard to race, color, religion or belief, gender, age, disability, military service, marital or civil partnership status, family status, sexual orientation,
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