Job Purpose

You are required to provide underwriting support within the risk management framework of GELS prescribed guidelines, for individual product lines (especially high net worth products).

The Job

Provide underwriting due diligence on new applications, within the prescribed guidelines by GELS and Reinsurance partners
Identify risks and apply best underwriting practices in line with the industry standard
Provide competitive, yet risk appropriate underwriting advice and market leading underwriting services
Provide critical liaison and build strong business relationship with distribution channels (Agency, Bancassurance & Brokers), Group Risk Management, Products, Actuarial, Reinsurers, etc.
Proactively seek for HNW process improvement and instill a culture of customer first approach
Ensure timely and adequate support for business, including training for distribution channels
Support in the reviewing and updating of underwriting guidelines for High Net Worth products
Project management, e.g. review & streamline work processes to support business operations, prepare SOPs, review forms etc.
Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
Maintain awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company
Highlights any potential concerns/ risks and proactively shares best risk management practices

Our Requirements

Degree with at least 8 years of solid experience in underwriting Life, Disability, Critical Illness, Accident and Health risks
Prior experience of HNW underwriting is preferred
Previous exposure to post-issue underwriting and post-claims underwriting is preferred
Leadership ability, team player, excellent interpersonal and communication skills, problem solving skills and business acumen
Good interpersonal and communication skills
High level of integrity, takes accountability of work and good attitude over teamwork
Takes initiative to improve current state of things and adaptable to embrace new changes

About Great Eastern

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei.

The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of AA- by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.

Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.

Work Locations

SG-GE Centre

Job

Singapore

Assistant Vice President - High Net Worth Underwriting