At a Glance
- Tasks: Perform underwriting assessments for high-value cases and support operational tasks.
- Company: Join AIA, a leader in creating a healthier, sustainable future.
- Benefits: Competitive salary, career growth, and the chance to make a real impact.
- Other info: Dynamic role with opportunities for process improvement and collaboration.
- Why this job: Be part of a movement that improves lives and communities through finance.
- Qualifications: Bachelor's degree and 10 years of underwriting experience required.
The predicted salary is between 60000 - 80000 € per year.
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 assessments for high net worth cases and non-HNW cases, within assigned authority and support daily operational tasks. Provide underwriting-related support for the ad-hoc tasks that were assigned. Key responsibilities include performing underwriting assessment for new business applications including HNW cases, achieving underwriting KPIs through active case management.
- Underwrite large sum assured applications (formal and preliminary) and communicate decision to intermediaries within agreed TAT with competitive underwriting decision and minimal requirement(s) calling. This will include negotiating with reinsurers for terms favourable to placing the business.
- Ensure cases are underwritten within the agreed TAT.
- Reviewing complex appeal cases and coaching underwriters for large sum assured cases underwriting.
- 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 appeals, postpone and decline cases by directly communicating to distribution channels on the rationale and any other option that can be explored.
- Review and identify areas of process improvement or operational efficiency within New Business department.
- Support Team Lead to drive changes in process improvement and operational efficiency.
- Involved in Quality Assurance review (audit of cases) where applicable.
- Instill a higher risk awareness culture and collaborate with second liner on roles and support needed.
- Provide underwriting-related support for business development projects when needed.
- Perform data or trend analysis when needed.
Requirements:
- Minimum Bachelor degree.
- Minimum 10 years underwriting experience in both direct and reinsurer.
- Additional advantage to possess high underwriting authority for High-Net-Worth products.
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.
Senior Underwriter – High-Value & Large-Case in London employer: AIA
At AIA, we pride ourselves on being an exceptional employer that champions a culture of collaboration and innovation. Our commitment to employee growth is evident through continuous training opportunities and a supportive environment that encourages personal and professional development. Located in a vibrant community, we offer competitive benefits and the chance to make a meaningful impact on the lives of our customers and the communities we serve, all while working towards a healthier, more sustainable future.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter – High-Value & Large-Case in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and underwriting sectors. Attend industry events or webinars where you can meet potential employers or colleagues. Remember, it’s all about who you know!
✨Tip Number 2
Prepare for interviews by researching AIA and understanding their mission. Think about how your experience aligns with their goals of creating a healthier future. Show them you’re not just looking for a job, but that you want to be part of something bigger.
✨Tip Number 3
Practice your pitch! Be ready to explain your underwriting experience and how you’ve tackled complex cases. Use specific examples that highlight your skills and achievements, especially in high-value scenarios.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about joining our mission at AIA.
We think you need these skills to ace Senior Underwriter – High-Value & Large-Case in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience that match the Senior Underwriter role. Highlight your underwriting experience, especially with high net worth cases, and don’t forget to mention any relevant KPIs you've achieved!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about creating a healthier future and how your background in underwriting aligns with AIA’s mission. Keep it engaging and personal!
Showcase Your Achievements:When detailing your experience, focus on specific achievements that demonstrate your ability to underwrite large sum assured applications. Use numbers and examples to illustrate your impact – we love a good success story!
Apply Through Our Website:We encourage you to apply directly through our website for the best chance of being noticed. It’s straightforward and ensures your application goes straight to the right people. Don’t miss out on this opportunity!
How to prepare for a job interview at AIA
✨Know Your Underwriting Inside Out
Make sure you brush up on your underwriting knowledge, especially regarding high net worth cases. Be prepared to discuss specific examples from your past experience that demonstrate your ability to assess risk and make sound decisions.
✨Showcase Your Analytical Skills
Since the role involves data and trend analysis, come ready to talk about how you've used data in previous roles to improve processes or outcomes. Think of a couple of solid examples where your analytical skills made a real difference.
✨Understand AIA's Mission
Familiarise yourself with AIA’s commitment to creating a healthier, more sustainable future. Be ready to explain how your values align with this mission and how you can contribute to their goals beyond just financial aspects.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that test your problem-solving abilities. Think through potential challenges you might encounter in underwriting large sum assured applications and how you would handle them effectively.
