At a Glance
- Tasks: Perform underwriting assessments for high-value cases and support daily 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 operational efficiency.
- Why this job: Be part of something bigger than finance and help communities thrive.
- 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.
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:
- Perform 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.
- 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. Also, to 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 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 environment, making AIA not just a workplace, but a place where you can truly thrive.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter – High-Value & Large-Case
✨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 and showcase your expertise. 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. Be ready to discuss specific examples of how you've achieved underwriting KPIs in the past.
✨Tip Number 3
Don’t just wait for job openings to pop up! Keep an eye on our website and apply directly through it. This shows initiative and gives you a better chance of being noticed by hiring managers.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way. It not only shows your appreciation but also keeps you fresh in the interviewer's mind. Plus, it’s a great opportunity to reiterate your enthusiasm for the role.
We think you need these skills to ace Senior Underwriter – High-Value & Large-Case
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Underwriter role. Highlight your underwriting experience, especially with high net worth cases, and showcase any relevant achievements that align with AIA's mission of creating a healthier future.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to express your passion for underwriting and how you can contribute to AIA’s goals. Mention specific experiences that demonstrate your ability to handle large sum assured applications and your commitment to operational efficiency.
Showcase Your Analytical Skills:Since the role involves data and trend analysis, make sure to highlight your analytical skills in your application. Provide examples of how you've used data to improve processes or make informed decisions in your previous roles.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your information and ensure you’re considered for this exciting opportunity at AIA!
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 risks and make sound decisions.
✨Understand AIA's Mission
Familiarise yourself with AIA’s commitment to creating a healthier, more sustainable future. Think about how your role as a Senior Underwriter can contribute to this mission and be ready to share your thoughts during the interview.
✨Prepare for Case Scenarios
Anticipate questions related to complex underwriting scenarios or appeals. Practise articulating your thought process and decision-making strategies, as this will showcase your expertise and problem-solving skills.
✨Showcase Your Team Spirit
Highlight your experience in collaborating with teams, especially in terms of coaching and supporting other underwriters. AIA values teamwork, so be ready to discuss how you've contributed to a positive team culture in your previous roles.
