Head, Underwriter at Pivotage Consulting

Our client, one of the world's leading insurers and asset managers with a broad range of personal and corporate insurance services, ranging from property, life, and health insurance, assistance services to credit insurance and global business insurance is seeking to appoint a Head, Underwriter and Reinsurance

Job Description

• Define underwriting strategy and recommend business plans that will generate continued profitable business growth in current and future markets.
• Oversee and manage all underwriting
•  Translate the strategic goals into objectives, and plan for financial and human resources to achieve them.
•  Ensure effective leadership & management of underwriting people: pursuing active talent management, driving capability development and creating a high-performance culture.
•  Set framework for underwriting decisions e.g. Authority grants, referrals, technical reviews.
•  Provide assurance that the business adheres to underwriting governance/compliance principles and regulatory standards.
•  Oversee design & implementation of rating tools & methodology.
•  Analyse, evaluate and make underwriting decisions in line with underwriting guidelines and recommendations, coordinating with analysts and other underwriting staff.
•  Review and analyze new insurance applications for risk exposure and compliance with underwriting guidelines.
•  Meet and negotiate with clients and brokers to build relationships and to develop new and renewal business.
•  Review contract wordings and act as signatory of insurance contracts and ensure alignment to UW guidelines.
•  As the accountable party, work with legal and compliance on policy wordings, marketing collaterals and other regulatory and compliance issues as and when required.
•  Establish appropriate internal underwriting procedures and criteria to control risk. - Delegate Authority and provide underwriting direction to all Underwriters

Qualifications

• Bachelor’s degree in Business Administration or any related course.
• Minimum of 7 year experience in similar role
• CIIN certification.
• Must be able to develop long-term strategic underwriting goals, cycle management strategy & underwriting policy, and provide underwriting "leadership to the market.
• Must be able to drive proposition management and development within the Underwriting function.
• Must be able to manage the reinsurance market cycle
• Must be able to overcome LoB/unit thinking and build holistic / total balance sheet mindset to drive improved reinsurance decision making
• Develop understanding of new concepts (capital markets)
• Analyse, evaluate and make underwriting decisions in line with underwriting guidelines and recommendations, coordinating with analysts and other underwriting staff
• Establish appropriate internal underwriting procedures and criteria to control risk