Underwriter, Hull And Liability, Marine

Singapore, Singapore

Job Description


Primary Details Time Type: Full time

Worker Type: Employee

Responsible for underwriting activities and P&L responsibility of the various products (i.e. Marine, Property and Engineering products, Financial Lines and Liability, Accident and Health, Motor, Workers Compensation, SME and Home etc.) and managing UW relationship with intermediaries and business partners in the area of underwriting service delivery, product development and innovation.

Primary Responsibilities

  • Responsible for underwriting activities and P&L responsibility of the various products (i.e. Marine, Property and Engineering products, Financial Lines and Liability, Accident and Health, Motor, Workers Compensation, SME and Home etc.)
  • Responsible for managing UW relationship with intermediaries and business partners in the area of underwriting service delivery, product development and innovation
  • Responsible for managing overall business relationship with MTPs and brokers in the area of GWP Growth
  • Ensure the ongoing personal technical development to achieve ideal DAL state
  • Evaluate risk for new business & renewals in accordance with standards, to ensure profitable growth
  • Actively keep abreast of market dynamics and demonstrate market cycle awareness to be able to operate effectively and appropriately
  • Perform underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met
  • Adhere to underwriting standards, instructions and good practice to minimize risks and maximize efficiency
  • Develop and maintain good working relationships with all customers, intermediaries and internal stakeholders
  • Build strong knowledge of current legislation, best practice, underwriting acceptance levels, systems and organizational guidelines
  • Key Performance Indicator on Growth & Profitability - GWP including Renewal and New Business vs.
  • Plan, GWP per Underwriter; NCOR % and UW profit for Corporate channel; Renewal retention rate and New Business pipeline in Salesforce; APTP / Rate Adequacy
  • Key Performance Indicator on MTP and Broker Servicing & Satisfaction - Broker survey results
  • Key Performance Indicator on Achieve overall local underwriting governance requirement and internal audit: Cell reviews completed timely each month, required actions identified and monitored until complete; Appropriate reporting in place across all portfolios to cover off GUC requirements and allow for active portfolio management
Preferred Competencies/Skills
  • Strong level of numeracy and literacy skills
  • Strong organizational and prioritization skills
  • Strong analytical skills
  • Strong interpersonal and communication skills
  • Strong negotiating skills
  • Ability to analyze data and use for decision-making
  • Strong attention to detail
Preferred Education Specifics
  • Degree or equivalent qualification preferable
Preferred Experience
  • 7+ years working experience with substantial experience gained within the insurance industry
  • Use of risk profiling and pricing tools and loss models
  • Established customer/broker relationships
Preferred Knowledge
  • Extensive knowledge of relevant market conditions for specific class/portfolio
  • Good knowledge of relevant QBE underwriting systems
  • Thorough understanding of class specific underwriting and reinsurance knowledge
  • Intermediate level understanding of relevant software, including Excel and other departmental software packages
  • Strong knowledge of legal and regulatory requirements in Hong Kong
  • Strong knowledge of QBE underwriting process and procedures
QBE Cultural DNA
  • Everything we do at QBE is underpinned by our DNA (which interlinks seven cultural elements) \xe2\x80\x93 because we know it\'s not just what we do that matters, it\'s how we do it that makes the difference. We expect all employees to role model and inspire the right behaviours that link to our cultural elements:
  • We are customer-focused
  • We are technical experts
  • We are inclusive
  • We are fast-paced
  • We are courageous
  • We are accountable
  • We are a team
  • All employees are expected to adhere to QBE\xe2\x80\x99s Code of Ethics and Conduct and apply sound risk management practices
US Only - Disclaimer
  • To successfully perform this job, the individual must be able to perform each essential job responsibility satisfactorily. Reasonable accommodations may be made to enable an individual with disabilities to perform the essential job responsibilities.
Global Disclaimer
  • The duties listed in this job description do not limit the assignment of work. They are not to be construed as a complete list of the duties normally to be performed in the position or those occasionally assigned outside an employee\xe2\x80\x99s normal duties. Our Group Code of Ethics and Conduct addresses the responsibilities we all have at QBE to our company, to each other and to our customers, suppliers, communities and governments. It provides clear guidance to help us to make good judgement calls.
How to Apply:

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Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

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Job Detail

  • Job Id
    JD1403522
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Singapore, Singapore
  • Education
    Not mentioned