New Business, Principal

3 days ago

Singapore AIA Full time

At AIA we’ve started an exciting movement to create a healthier, more sustainable future for everyone.
- It’s about finding new ways to not only better people's lives, but to better the communities and environments we live in. We need great Actuaries who want to be part of something bigger than finance alone. Because the better we can nurture our financial wellbeing as an organisation, the better we can support and make a difference for our customers when they need us most. By ensuring our products are well designed and priced, analysing business performance and ensuring proper management of insurance policies in-force, you’re not just safeguarding AIA’s financial wellbeing. You’re securing a better future for the people and communities we serve - today, tomorrow and for generations to come._

If that interests you, read on.

WE ARE LOOKING FOR.....

Responsible for performing underwriting assessment for High Net Worth cases and non-HNW cases within assigned authority and support daily operational tasks. Provide underwriting-related support for the ad-hoc tasks that was assigned.
- Ensure cases are underwritten within the agreed TAT.
- Reviewing complex appeal cases and coaching junior underwriters to underwrite large sum assured cases.
- Liaison with reinsurers on referral cases that are beyond local authority
- Resolving enquiries and issues with channel management is also part of the responsibility of this role.
- Actively handling own cases appeal with team lead and postpone and decline cases by directly communicating to agent or BDM on the rationale and any other option that can be explored.
- Review and identify area of process improvement or operational efficiency within New Business department. Also, to support Section Head to drive changes in process improvement and operational efficiency.
- Involved in Quality Assurance review (audit of cases) where applicable
- Involved in Product and Campaign launches where applicable.
- Instill a higher risk awareness culture and collaborate with second-liner on roles and support needed.
- Provide underwriting-related support to business development projects when needed.
- Perform data or trend analysis when needed.

Job Requirements:

- Education - Minimum Bachelor degree
- Experience - minimum 10 years underwriting experience in both direct and reinsurer.
- Proficiency in other languages will be good.
- Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives._

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