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AIA Singapore Private Limited

Principal, New Business HNW

AIA Singapore Private Limited Singapore
Posted 4 hours ago Permanent Competitive
At AIA we've started an exciting movement to create a healthier, more sustainable future for everyone.

It's about finding new ways to not only better people's lives, but to better the communities and environments we live in. We need great Actuaries who want to be part of something bigger than finance alone. Because the better we can nurture our financial wellbeing as an organisation, the better we can support and make a difference for our customers when they need us most. By ensuring our products are well designed and priced, analysing business performance and ensuring proper management of insurance policies in-force, you're not just safeguarding AIA's financial wellbeing. You're securing a better future for the people and communities we serve - today, tomorrow and for generations to come.

If that interests you, read on.

About the Role

Perform underwriting assessment for high net worth cases and non-HNW cases and support daily operational tasks. Provide underwriting-related support for the ad-hoc tasks that was assigned.

WHAT YOU'LL BE DOING
  • Underwrite large sum assured applications (formal and preliminary) and communicate decision to intermediaries within agree TAT with competitive underwriting decision and minimal requirement(s) calling. This will include negotiating with reinsurers for terms favorable to placing the business.
  • Ensure cases are underwritten within the agreed TAT.
  • Reviewing complex appeal cases and coaching junior underwriters to underwrite large sum assured cases.
  • Liaison with reinsurers on referral cases that are beyond local authority
  • Resolving enquiries and issues with channel management is also part of the responsibility of this role.
  • Actively handling own cases appeal with team lead and postpone and decline cases by directly communicating to agent or BDM on the rationale and any other option that can be explored.
  • Review and identify area of process improvement or operational efficiency within New Business department. Also, to support Section Head to drive changes in process improvement and operational efficiency.
  • Involved in Quality Assurance review (audit of cases)
  • Instill a higher risk awareness culture and collaborate with second-liner on roles and support needed.
  • Provide underwriting-related support to business development projects when needed.

WHAT WE ARE LOOKING FOR
  • Minimum Bachelor Degree
  • Experience - minimum 10 years underwriting experience in both direct and reinsurer
  • Preferably with HNW underwriting experience/authority

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.
Job ID  JR-40221
ABOUT COMPANY
Singapore
Insurance
AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance g...
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