Singapore Job Openings

TRANSAMERICA LIFE (BERMUDA) LTD.

Consultant, Underwriting

Singapore

FULL TIME

September 20, 2024

Job Summary


Reporting to Head, Underwriting (Singapore), this role exists to implement the Company’s Underwriting (“UW”) policies and ensure delivery of the agreed service standards.


The key result indicators for this role are:
  • Supports the development of the UW team and effective case handling and professional service delivery.
  • Handles case sign-off in collaboration with Sales & Distribution (S&D) and with the support of the Head, Underwriting (Singapore).
  • Support the overall team implementation of new initiatives to enhance the UW operation.
Responsibilities
  • Appraises risks on TLB applications with medical and financial decisions up to the agreed authority and assesses applications in excess of agreed authority for the subsequent review and sign-off
  • Achieves UW turnaround within targets and with a quality service to the business partners.
  • Ensure close collaboration across the team to ensure service levels are maintained.
  • Works closely with Compliance, CMO, reinsurers and the case approvers to ensure a smooth and timely case decision.
  • Proactively contributes to the case UW when necessary to ensure service levels are not missed.
  • Builds strong relationships with business partners
  • Ensures timely and effective communication of the UW service levels to Head, Underwriting (Singapore).
  • Supports the development of the UW team by actively participating in internal training sessions.
  • Handle special projects and other assignments as delegated.
Requirements
  • Possess a degree qualification and having professional qualification; LOMA, ALU, ALUCA or CII will be desirable.
  • Minimum 5 years of Life & Health UW experience.
  • Proficient UW skills medically and financially
  • Experienced in working directly with distribution partners.
  • Able to work under pressure and independently when required.
  • Effective written and oral communication skills
  • Good inter-personal skills with energy and drive
  • Ability to communicate and justify UW decisions made in a confident, calm and clear manner.


We offer attractive remuneration package including performance bonus, 5-day work week, fringe benefits (medical, dental, life insurance) and good career prospect to the right candidate.


Interested candidates are invited to submit the application with detailed resume stating educational background, working experience, current and expected salaries and contact number.


Your application will be treated in strict confidence. Only shortlisted candidates will be notified.


Personal data collected will be used for recruitment purposes.


Personal data of unsuccessful applicants may be retained up to two years only.
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