Senior Underwriting Specialist

Primarily responsible for keeping the Fire Loss Ratio stable and within the projected level through sound underwriting (proper control and selection of risks, adequate rates, sound reinsurance)

How you'll contribute

• Evaluates risks, which are offered by clients (i.e. agents and brokers) through BPI/MS Sales, and establishes the amount, rates, commissions, terms and conditions of coverage for insurance and reinsurance applications - which includes determining retention limits, treaty and facultative cessions - subject to authority limits to ensure risks are kept to a defined level so as not to adversely affect treaties (including excess of loss) and other reinsurance facilities and that Underwriting Income target is met on a monthly, quarterly, and yearly basis.
• Monitors, manages and reviews - which also includes effecting Underwriting Distribution Adjustment (UDA) to correct the actual retention and reinsurance support - expiring policies to ensure that every renewal and non-renewal advice can be generated and sent on time.
• Controls and monitors the risk accepted by Sales Units and Authorized General Agents to ensure that acceptances are within the limits and guidelines set by Underwriting.
• Controls and monitors accumulations of risks per area per block to ensure that Fire exposure is kept to a minimum and are within treaty and other reinsurance facilities.
• Attends to Sales’ requests such as providing insurance proposals and technical explanations on their queries with regard to terms, conditions and coverage of insurance policies within a specified turn-around time to ensure that Sales would response to Clients’ queries (i.e. Brokers & Agents) accordingly.

What we're looking for

• College Graduate (with preference for Business/Engineering Degree)
• With at least 3 years' experience in Non Life Undwriting
• Knowledge/application of the product lines and the non-life underwriting business/processes
• Good investigative and communication (oral/written) skills
• Preferably attended seminars such as Basic Non-Life & Basic Fire Underwriting