Vice President

Vice President - Underwriting (Job Number: E )

About the Job

Job Purpose

You are required to provide support to the Underwriting Team that involves liaising with reinsurers on underwriting guidelines, campaigns, and audit, and to co-ordinate and facilitate internal quality assurance. You are also required to provide underwriting support for all individual product lines in New Business Underwriting.

The Job

· Participate in the development and refinement of underwriting policies and procedures.

· Conduct regular audits and reviews to ensure compliance with established underwriting guidelines.

· Collaborate closely with reinsurers to develop and implement underwriting campaigns

· Develop and maintain strong relationships with reinsurers to facilitate effective communication and collaboration

· Identify and mitigate potential risks associated with underwriting decisions through the review of pending cases.

· Underwrite new applications for life, health, long term care and high net worth proposals.

· Countersign and provide guidance to underwriters.

· Conduct underwriting training for distribution channels.

· Ensure department KPI are achieved.

· Take 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 appropriate steps to mitigate the risks; and

· Highlight any potential concerns/risks and proactively shares best risk management practices.

We are looking for people who

Requirements:

· Degree with at least 10 years’ experience in underwriting Life, Accident and Health risks;

· Non-degree holders who have relevant experience or certification in underwriting may be considered;

· Leadership ability and a team player;

· Strong analytical skills with the ability to work under pressure;

· Good interpersonal and communication skills;

· High level of integrity, takes accountability of work and good attitude over teamwork; and

· Takes initiative to improve current state of things and adaptable to embrace new changes.

How you succeed

• Champion and embody our Core Values in everyday tasks and interactions.
• Demonstrate high level of integrity and accountability.
• Take initiative to drive improvements and embrace change.
• Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
• Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.

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 bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

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