Senior Underwriter, Retail & Sme

Petaling Jaya, Selangor, Malaysia

Job Description


Primary Details Time Type: Full timeWorker Type: EmployeeResponsible for managing a team of underwriters for Underwriting of SME & Retail products across the Agency, Financial Advisors, Local Brokers, Direct. and underwriting activities and P&L responsibility for SME & Retail segment, to be managed on a portfolio level including digital products underwriting and manual underwriting of yet to-be digital products. And manual underwriting of yet-to-be digital products for new business and/or renewals including manual renewal reviews, raters preparation, quotation generation and UWB submission. Building relationship between underwriter and intermediaries in underwriting service delivery, product development and innovation.Responsibilities:

  • Responsible for managing a team of underwriters responsible for Underwriting of SME & Retail products across the Agency, Financial Advisors, Local Brokers, Direct
  • Responsible for underwriting activities and P&L responsibility for SME & Retail segment, to be managed on a portfolio level. Including digital products underwriting and manual underwriting of yet to-be digital products.
  • Responsible for manual underwriting of yet-to-be digital products for new business and/or renewals including manual renewal reviews, raters preparation, quotation generation and UWB submission.
  • Responsible for underwriter relationship with intermediaries in underwriting service delivery, product development and innovation
  • Evaluate risk for new business and renewals in accordance with standards, to ensure profitable growth
  • Actively keep abreast of market dynamics and demonstrate market cycle awareness to be able to operate effectively and appropriately
  • Perform underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met
  • Adhere to underwriting standards, instructions and good practice to minimize risks and maximize efficiency
  • Develop and maintain good working relationships with all customers, intermediaries and internal stakeholders
  • Build strong knowledge of current legislation, best practice, underwriting acceptance levels, systems and organizational guidelines
  • Contribute to the development and implementation of channel strategic plans
  • Motivate and develop the team by demonstrating good leadership behaviors and management best practice so as to support the achievement of business goals
  • Provide senior technical and specialist product expertise to intermediary/clients on the range of products offered
  • Key Performance Indicators:
  • Growth & Profitability: Achievement of Country plan (GWP, New business target vs plan, NCOR % and UW profit), Renewal retention rate and New Business Conversion rate
  • Agency/FA/Local Brokers Servicing & Satisfaction: NPS scores (SME/Retail partner servicing & satisfaction), Turn-Around-Time for Quotes, Endorsements, Renewals for all serviced channels
  • Comply with UW Guidelines, internal audit and other governance and compliance requirements
Competencies/Skills:
  • Negotiation and problem-solving skills
  • Relationship management and communication skills
  • Analytical and research skills
  • Excellent interpersonal and communication skills
  • Ability to analyze data use for decision-making
  • Commercial acumen
  • Leadership
  • 10+ years of underwriting experience
  • Established customer/intermediary relationships
  • Local market expertise
  • Broad insurance industry knowledge
  • Excellent understanding of class specific underwriting
  • Understanding of relevant market conditions
How to Apply:To submit your application, click "Apply" and follow the step by step process.Equal Employment Opportunity:QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

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Job Detail

  • Job Id
    JD1057429
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Petaling Jaya, Selangor, Malaysia
  • Education
    Not mentioned