Assistant Manager, New Business and Underwriting

- Appraises and underwrites application for insurance to assess mortality and morbidity risk within company guidelines to assure equitable treatment of policyholders and producers and to meet the company's financial objectives

- Provides guidance to the underwriting team regarding underwriting philosophy and segmentation

- Interacts with the reinsurers for complex underwriting cases

- Trains and mentors other members of the underwriting team.

- Participates in cross functional projects (Claims, New Business, Actuaries, Product Team, etc.)

- Takes steps towards team development, engagement and motivation

- Enhance system to improve underwriting process and increase client experience

- Defines underwriting policy and guidelines for the company based on risk assessment parameters.

- Provides underwriting input in the process of new product introduction

- Recognizes and addresses trends and patterns that positively or negatively impact risk management.

- Negotiates with Reinsurers for competitive and speedy process/decision

- Ensures minimum satisfactory audit and compliance rating for the underwriting department.

- Assist with other underwriting tasks as needed

Education:

- Bachelor’s degree

- Graduated from Medicine, Economics University preferred

Experience:

- 4+ years of experience of life & health underwriting management

Skills required:

- High analytical skills: to review applications for life insurance and determine the risk of the policy; to review medical records and determine the likelihood of a claim

- Well-developed written and oral communication skills: to effectively communicate with clients, insurance agents and other employees; to explain policies, answer questions and provide information.

- Problem-solving skills: to find solutions to complex problems, a way to approve a life insurance policy for a client who has a pre-existing condition; to find a way to make the client eligible for the policy or to make the client’s condition less risky.

- Strong and particular attention to detail: to review insurance applications and policies to ensure the company’s financial obligations are met; to ensure the company doesn’t make any mistakes that could lead to legal action and ensure the company doesn’t underwrite policies that could lead to financial loss.

- People management skills: to manage NBU part, ensure all members know what the company’s objectives, engagement and effectively working.

- Knowledge of industry regulations: to be knowledgeable about the regulations that affect the work; to create policies that adhere to the law and meet the needs of their clients.

- Computer proficiency to work effectively with certain underwriting process or software