Underwriting Assistant Manager/manager, Commercial Lines

2 days ago


Singapore HL Assurance Full time

**Reaching Out To You**: HL Assurance Pte. Ltd. (“HLAS”) is a licensed insurance company in Singapore since 2012 and a subsidiary of Hong Leong Financial Group Berhad (“HLFG”), a public listed company in Malaysia.

**Main Responsibilities**:
Reporting to the Head of Commercial Lines, you shall be responsible to:

- Assist in product strategies development that will book growth and garner profitability to achieve production target.
- Implement and manage effective pricing to ensure that pricing is adequate to commensurate with the acceptable risk exposure.
- Handle risk assessment and underwriting of the assigned class of insurance business to deliver underwriting decision within specified turnaround time.
- Liaise closely with insurance brokers, clients, agencies and agents to secure potential profitable business and achieve production targets.
- Conduct market research and competitors’ statistical analysis of all product classes.
- Perform portfolio reviews on a monthly basis and recommend corrective actions whenever required.
- Understand and achieve synergies between risk underwriting, reinsurance and treaty programs.
- Strategize business initiatives and campaigns with Distribution to drive new business acquisitions and retain renewal accounts.
- Drive new business acquisitions through intermediaries to potential customers through strong engagements, trainings and seminars.
- Design and execute high quality training and engagement programs with Distribution to educate intermediary partners on product portfolio and benefits offered by the Company.
- Achieve assigned targets and KPIs for sales production and profitable portfolio. Proactively recruits new intermediaries to expand distribution network.
- Establish productive, professional relationships with key personnel in acquired intermediary accounts.
- Perform regular market research and competitor analysis to keep ourselves ahead of competition and to continuously innovate our market approach.
- Leads innovative solution projects that enhance user requirements and customer experience, while coordinating the involvement of all necessary stakeholders.
- Coordinates the involvement of company stakeholders, including support, service levels and processes to meet partner/client requirements and objectives.
- Proactively leads an annual joint-planning process to develop mutual performance objectives, financial targets, and critical milestones associated with our intermediaries.
- Foster excellent communication with internal and external stakeholders to drive distribution and operational efficiencies.
- Perform any other assigned duties from time to time.

**Job Requirements**:

- A recognized Diploma or Degree in any related discipline, with professional qualifications in General Insurance
- Minimum 5 years of hands-on relevant experience in underwriting commercial lines including Fire, Property, All Risk, Public/ Product Liability, CAR, WIC, GPA, GBT, and other groups.
- Strong analytical skills and decision making, with attention to details
- Resourceful, independent and a fast leaner, able to grasp processes and system quickly
- Excellent presentation, communication, interpersonal and relationship management skills
- Able to work within tight schedule and under pressure

**Other Information and Benefits**:

- 5-day work week (9 am - 6 pm),
- Walking distance from Tanjong Pagar MRT
- Attractive variable performance bonus, annual leave entitlement, outpatient and dental benefits, group hospitalization and surgical, personal accident and term life insurance, etc.

**Your Career, Our Passion - COME JOIN US NOW**:



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