Job Overview:

Head of Underwriting is a person to analyze the risk to be covered and decide whether or not to write new policies and/or renew existing ones. Working closely with the Risk management and Sales and distribution teams, the head of underwriting defines coverage, services, terms and conditions, and also determine pricing. (S)He also work with the Product development teams to adapt products over time.

Duty and responsibilities:

·       To administer all core functions in the underwriting department.

·       To set up and maintain an effective and smooth standard operation Procedures (SOP) in underwriting department for supporting the company’s daily business operation.

·       Ensuring the underwriting operation meets all compliance requirements in connection with local regulators or overseas partners.

·       Ensuring the company’s growth and profitability from all lines of business.

·       Preparing the underwriting guidelines for the company and authority limits to relevant staff in underwriting department to be approved by CEO.

·       Providing an attractive rate, terms, and conditions to UW Team within the authority limit.

·       Providing and monitoring Data Entry support, i.e. quotation and policy issuance and ensuring that the quotations and policies are issued in a timely manner without any delay.

·       Ensuring that the quotations and policies have all the supporting documents and information needed for underwriting.

·       Approval of reinsurance share in HI’s system in all lines of business.

·       Approval of Policies, Endorsements, Renewal documents within the authority limit.

·       To review SOP with management and when it required.

·       Keeping updated about the development in the market, especially the competitor’s products/terms.

·       Providing the product or technical training to all the staff within the department and colleagues in the company upon request.

·       Providing technical support for other departments such as the Sales and Marketing Department, Finance Department, Claims Department, i.e., the policy coverage and exclusions.

·       Conducting the risk assessment or survey for Property and Engineering line of business upon request.

·       Handling the product approvals for submission to Insurance Regulator of Cambodia including Khmer translation to be approved by CEO.

·       Motivating all staff in the department and creating a culture of teamwork spirit.

·       Ensuring that daily work runs smoothly and is solved reasonably and professionally.

·       Checking and verifying all reports under underwriting department are correctly produced and well controlled both in hard files and soft files, including Policy Register, Treaty & Facultative Reinsurance Risk Bordereaux, Cambodia Re Risk Bordereaux, Facultative Reinsurance Bordereaux, Co-insurance Bordereaux, and IRC & IAC’s Business Statistics (Monthly, Quarterly and Year-Ended Reports).

·       Handling the Co-Insurance and Facultative Reinsurance placement to ensure that reinsurance capacity is fully supported from both local and overseas reinsurance partners.

·       Planning to recruit staff in accordance with adapt to the actual situation of Underwriting Department.

·       Contributing to product development including developing new policies and ongoing adjustment of the existing.

·       Assistance to other UW members if their work is overloaded.

·       Other tasks assigned by management.

Other Requirements:         

·       At least 3-5 years’ work experience in the insurance industry.

·       Bachelor degree or above.

·       Master both English and Khmer languages. Chinese is a plus;

·       Have a sense of teamwork and be able to lead the team to complete the work.

·       Have good written and oral expression skills, strong communication and comprehension skills.