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Assistant Vice President - Underwriting (Banca)

Great Eastern Life Assurance Co Ltd
Singapore, Singapore
Closing date
Aug 11, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Job Purpose
You are required to provide underwriting support within the risk management framework of GELS prescribed guidelines, for individual product lines (especially for Bancassurance products).

The Job
  • Provide underwriting due diligence on new applications, within the prescribed guidelines by GELS and Reinsurance partners
  • Identify risks and apply best underwriting practices in line with the industry standard
  • Provide competitive, yet risk appropriate underwriting advice and market leading underwriting services
  • Provide critical liaison and build strong business relationship with distribution channels (Bancassurance & Brokers), HNW Business Management team, Group Risk Management, AML & Compliance, Products teams, Actuarial, Reinsurers, etc
  • Proactively seek for Banca process improvement and instill a culture of customer first approach
  • Ensure timely and adequate support for business including training for distribution channels
  • Support in the reviewing and updating underwriting guidelines for Banca products
  • Project management, e.g. review & streamline work processes to support business operations, prepare SOPs, review forms etc
  • Take accountability in considering business and regulatory compliance risks and take appropriate steps to mitigate the risks
  • Maintain awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company
  • Highlight any potential concerns/ risks and proactively share best risk management practices

Our Requirements
  • Degree with at least 10 years' experience in underwriting GIO, SIO and non-GIO insurance products for Life, Disability, Critical illness, Long Term Care, Accident and Health risks
  • Prior experience of managing a team is preferred
  • Leadership ability, a team player, possess problem solving skills and business acumen
  • Excellent interpersonal and communication skills
  • High level of integrity, take accountability of work and good attitude over teamwork
  • Take initiative to improve current state of things and adaptable to embrace new changes
About Great Eastern
Established in 1908, Great Eastern places customers at the heart of everything we do. Our legacy extends beyond our products and services to our culture, which is defined by our core values and how we work. As champions of Integrity, Initiative and Involvement, our core values act as a compass, guiding and inspiring us to embrace the behaviours associated with each value, upholding our promise to our customers - to continue doing our best for them in a sustainable manner.
We work collaboratively with our stakeholders to look for candidates who exhibit or have the potential to embrace our core values and associated behaviours, as these are the key traits that we expect from our employees as they develop their careers with us.
We embrace inclusivity, giving all employees an equal opportunity to shine and play their role in exploring possibilities to deliver innovative insurance solutions.
Since 2018, Great Eastern has been a signatory to the United Nations (UN) Principles of Sustainable Insurance. Our sustainability approach around environmental, social, and governance (ESG) considerations play a key role in every business decision we make. We are committed to being a sustainability-driven company to achieve a low-carbon economy by managing the environmental footprint of our operations and incorporating ESG considerations in our investment portfolios; improving people's lives by actively helping customers live healthier, better and longer; and drive responsible business practices through material ESG risk management.

To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.

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