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Assistant Vice President - Underwriting

Employer
Great Eastern Life Assurance Co Ltd
Location
Singapore, Singapore
Salary
Competitive
Closing date
Aug 11, 2024

View more

Job Function
Insurance
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Purpose

You will oversee end-to-end underwriting activities of the team and give advice and lead the underwriting team to achieve the overall Department's target.

The Job

• Work with re-insurers / actuaries / product development team to resolve issues
• Review and refine processes / guidelines to improve the business flow and efficiency of the team
• Share knowledge, best practices and industry trends with intermediaries
• Monitor underwriting standards and ensure they are aligned to the Company's business strategies and underwriting policies
• Monitor day-to-day operations to ensure operational efficiency
• Assist in executing strategic plans and projects to improve on operational efficiency and underwriting results
• Coach junior underwriters on underwriting processes / underwriting guidelines according to established SOP
• Pro-actively allocate resources based on business priorities
• As part of the leadership team, work with key stakeholders to proactively shape the organisation's culture and conduct environment that is aligned to the organization's Core Values
• Champion culture and conduct behavioral expectations within the Department/ Division
• Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks
• Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company
• Highlights any potential concerns/ risks and proactively shares best risk management practices

Our Requirements
• Degree holder
• Minimum of 5 years working experience in Group Insurance Underwriting role
• Minimum of 5 years in a leadership capacity
• Demonstrates alignment with the organisation's core values through expected behaviours
• High level of integrity, takes accountability of work and good attitude over teamwork
• Takes ownership 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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