Senior Underwriter

Senior Underwriter

Senior Underwriter – Property

Job Purpose/Role

• Underwrite profitable new and renewal business to meet LoB targets locally/regionally
• Negotiation of participation, pricing and terms and conditions
• Ownership of accounts / clients
• Develop and maintain strong relationships with brokers and clients

Future Challenges:

• Effective working within the global matrix

Key Responsibilities

Underwrite Profitable business

• Underwrite new and renewal accounts to meet top and bottom line targets (local and/or regional).

Negotiate participation, pricing & terms, and conditions with brokers. Proactively manage capacity.

• Underwrite and evaluate Natural Catastrophe Risk and Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios (for relevant LoBs)
• Underwrite International Insurance Programs (for relevant LoBs)

Underwriting Approach and Compliance

• Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, global MSU,

Underwriting Guidelines, Rules and Principles

• Ensure contract certainty is achieved on all accounts at time of inception
• Ensure utilisation of global pricing tools
• Ensure placing and binding of FAC Reinsurance prior to policy inception

Policy Documentation and Administration

• Ensure accurate policy documentation issued to broker (where AGCS responsibility to do so) or broker has issued documentation (where broker responsibility)
• File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled
• Proactively support completion of policy administration and credit control processes

Support Underwriting Strategy & Leadership

• Support development and execution of regional Underwriting strategy for LoB regionally
• Training, developing and coaching of less experienced staff (including junior underwriters, operations, credit control)
• Manage standard referrals from underwriters and spokes and re-underwrite complex business as appropriate
• Delegate work as appropriate

Distribution Management

• Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)
• Proactively liaise with DM on market management initiatives

Relationship Management

• Positively represent AGCS externally to the market
• Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations
• Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)

Key Requirements/Skills/Experience

Type of Experience:

• Proven track record in Underwriting profitable business in Property, in Hong Kong, Macau and Taiwan
• Demonstrated international underwriting experience (e.g. IIP) and good understanding of LoB products and portfolio
• Demonstrable, established relationships with brokers at peer group level and established within market
• Good understanding of regional / local LoB insurance markets and competitor landscape
• Understanding of legal and regulatory frameworks in the region
• Experience working in a complex, global matrix organization, alongside local and regional colleagues
• 5-10 Years' experience in Corporate Property Underwriting

Technical Skills:

• Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoB
• Pricing and Market mgt: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs
• Contract Drafting and Interpretation: Design, develop and implement consistent, robust wordings
• Policy Management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.

General Skills:

• Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally. Ability to "sell" an improvised or prepared audience winning story
• Influencing skills: Ability to persuade and motivate others to act, without executive authority
• Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire
• Language English, Cantonese and/or Mandarin also preferred

Education/Certification:

• Degree or above in related discipline
• Completion of professional insurance qualification (e.g. CII or ANZIIF)