Senior Manager, Underwriting & Portfolio Mgmt, Accident & Health
Chubb
Malaysia
Permanent
Full-time
1 month ago
Job Description:This position is responsible for:Leading the Underwriting function for the Accident & Health business in a manner that contributes to profitability by achieving product and portfolio management objectivesDrive the Accident & Health new product development process from product documentation requirements, system requirements, submission for approvals both internally and externally. Assist Product Lines with marketing requirements including product launches, product design and planning.Major Duties and ResponsibilitiesUnderwritingLeading the underwriting function to assess risk and underwriter new and renewal business for Accident & Health as per Underwriting guideline with focus on growth and profitability.Monitor performance in term of revenue expectation and profitability for each lines of business, product, channel, major sponsor, etc. and take timely corrective action.Manage all intermediaries to monitor market requirements and ensure maximum toplineDevelop and maintain documented underwriting process and frameworks ensuring that appropriate financial discipline is applied by the organization at all steps of the value chain from top to bottom line.Portfolio ManagementResponsible for Portfolio Analysis, identify key actions to maintain targeted financial and oversee execution of action plans. Identify specific poor performing accounts; review of acquisition expenses; review of claim reports/activity; review of portfolio by producer.Develop and maintain a monthly/ quarterly performance reports and provide insightful analysis to internal stakeholders.Product DevelopmentManaging product development entire life cycle from product idealization, concept, creation to launch, including policy documentation and marketing materials within the approved product governance framework.Collaborate with various stakeholders, such as legal, compliance, vendor, IT and distribution channels for product roll out.Work with Product Leaders and Distribution channels to develop marketing strategies and plans for product development including working with Marketing/Corporate Communications on Marketing collaterals and new product launches.Maintain proper documentation of all relevant internal/external analysis conducted and information used in the product development, pricing and approval signoffs.Create a system and process for ensuring appropriate post implementation/post launch monitoring of new products in line with the regulatory and Company guidelines.Prepare product documentation for submission to PIAM and/or BNM where necessary.Market intelligenceResponsible for market research of competitors' products and trends within the industry.Provide recommendations and input on strategic product opportunities.Maintain awareness of industry trends on regulatory compliance, emerging threats and appropriate steps to mitigate the risks.Training and DevelopmentResponsible for training underwriters along with the ownership of their future training needs for professional development.Provide necessary and periodic training and guidance to operations related to underwriting.Any other tasks as assigned.Qualifications:SkillsGood Analytical, written and communication skillsHighly driven and independentCompetent knowledge of Microsoft Office Applications and relevant knowledge in IT core system functionalitiesExperienceAt least 5 years of working experience in general insuranceExperience in project management including involvement in the creation of new insurance products to the market.QualificationsDegree in any discipline, preferably Actuarial ScienceAMII/ACII or equivalent insurance qualifications
