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Job ref no.: CT3115413-01#4187

Senior Underwriter / Underwriter, General Casualty

Allied World Assurance Company, Ltd

Benefits
  • 5-day week
  • Dental plan
  • Discretionary bonus
  • Insurance plan
  • Medical plan

This position is responsible for underwriting a complex book of General Casualty business. The position will require the employee utilizing the methods necessary to meet projected profitability, GWP, and expense goals, implementing proper underwriting disciplines/guidelines, and marketing and servicing to existing and potential clients. The position will also require the administration and monitoring of underwriting rules and guidelines, insurance laws and regulations, and rating rules and models.

In addition, the employee will be required to provide technical guidance, assistance and training to lower level associates and distribution channel underwriters.

Duties and Responsibilities   

  • Underwriting functions including direct as well as inward-facultative underwriting submission review, pricing analysis, setting of terms and  conditions, and quote/binder/invoice authorizations.
  • Execute approved General Casualty business plan to establish and develop balanced and diverse book of business in accordance with underwriting guidelines.
  • Set appropriate terms and conditions following the Company’s business strategy to quote selected risks.
  • Exercise proper underwriting pricing and discipline to meet profitability goals, comply with underwriting guidelines, systems and procedures.
  • Mentor junior underwriting staff which includes, but is not limited to, training and development
  • Maintain underwriting files in an orderly manner and in accordance with underwriting guidelines, including maintenance of all reporting systems for submissions and bound accounts, rate change modelling, bound account listing, submission log and reports as may be developed.
  • Conduct pre-quote and mid-term underwriting audits as needed.
  • Expand existing portfolio of business by developing existing relationships and new prospective clients.
  • Interact with existing and prospective clients, brokers, re-insurers and other business partners in support of the business.
  • Liaise with distribution, internal auditors, Claims, Actuarial, Accounting, IT and Legal departments as appropriate.
  • Business travel on a regular basis to areas in North Asia may be required.  

 Knowledge, skills and abilities requirement   

  • College degree required.
  • Minimum 3-5 years of underwriting experience in the Commercial Insurance sector in areas including but not limited to public and products liability, employees’ compensation, and other relevant liability lines of insurance.
  • The candidate needs to have strong fundamentals in underwriting principles, pricing, and knowledge of policy wordings.
  • The ideal candidate will have strong connections in the market with intermediaries.
  • A self-starter, who can work independently while also being able to work in conjunction with other functional departments, will be looked upon favorably. 

 "Candidate with less experience will be considered as Underwriter

Interested parties please click Apply Now to apply job.

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More job information
Job ref no. CT3115413-01#4187
Salary
  • N/A
Job Function
Industry
Location
  • Quarry Bay
Employment Term
  • Permanent
  • Full-time
Experience
  • 3 years - 10 years
Career Level
  • Non-management level
Education
  • Degree