Underwriting Team Lead

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Established in 1999, AXA Philippines is one of the largest and fastest growing life insurance companies in the country. It offers financial security to more than one million individuals through its group and individual life insurance as well as general insurance products through its subsidiary Charter Ping An.

AXA Philippines is one of the first to introduce bancassurance operations in the country, and is among the pioneers in the investment-linked insurance sector.

AXA now offers a complete range of products for all its customers' insurance and financial protection needs, including savings and investments, health plans, income protection, and health coverage; and through its general insurance subsidiary Charter Ping An Insurance Corporation\: fire, motor car, marine cargo, personal accident, bonds, casualty, and engineering insurance products.

AXA Philippines closed 2017 with P26.4 billion in total premium income and P5.7 billion in gross written premiums from Charter Ping An. Today, AXA has more than 4,000 financial advisers in 36 branches, and 700 financial executives in over 900 Metrobank and PSBank branches nationwide. Charter Ping An, on the other hand, has 22 branches nationwide and 2,007 agents.

AXA Philippines is a joint venture between the AXA Group, headquartered in France, and the Metrobank Group, one of the largest financial conglomerates in the Philippines.

The Metrobank Group is a conglomerate of industry-leading businesses that includes First Metro Investment Corporation, Metrobank Credit Cards, Federal Land, Toyota, and Manila Doctors Hospital. It was hailed Best Bank in the Philippines in 2010, 2011, and 2012 by Euromoney and recognized as the strongest bank in the Philippines by The Asian Banker in 2013. It is owned by the Ty Family whose major business interests include financial services, real estate development, power, and manufacturing.

Reports to: Line Head for Technical Lines

Supervises: Underwriting Officers, Underwriting Specialist – 6 FTE

Job Summary:

JOB SUMMARY:

(In two or three sentences, summarize the duties and responsibilities of the position)

Responsible for assessing and evaluating risks across all segments both property and engineering construction line of business, ensuring that underwriting decisions align with the company's risk appetite and profitability goals.

Responsible for assessing and evaluating risks across all segments both property and engineering construction line of business, ensuring that underwriting decisions align with the company's risk appetite and profitability goals.

Major Responsibilities:

1. Lead and manage the team of underwriters providing guidance, coaching, and mentoring to ensure high level of performance and professional development.
2. Develop and implement underwriting strategies and guidelines in consultation with Technical Line Head, Head of Commercial Lines and Chief Underwriting Officer (CUO).
3. Evaluate insurance applications and determine the acceptability of risks within assigned market segments.
4. Develop and implement underwriting guidelines, policies, and procedures tailored to specific segments.
5. Ensure that team follows and adhere with the set underwriting operational procedures mandated by AXA
6. Analyze data and trends to make informed underwriting decisions and identify opportunities for profitable growth.
7. Collaborate with sales and marketing teams to support business initiatives and enhance customer relationships.
8. Monitor and review existing policies to ensure compliance with company standards and regulatory requirements.
9. Provide training and mentorship to junior underwriters on best practices and segment-specific knowledge.
10. Prepare detailed reports and presentations on underwriting performance and risk assessments for management.
11. Stay updated on industry trends, emerging risks, and changes in regulations that may impact underwriting practices.
12. Participate on risk inspection if needed.
13. Conduct in-house seminar and trainings.

14. Other function needed to attain the company and department goals and objectives

    KPI:

    *Combined Ratio

    *Gross Written Premium
    *Turn Around Time

    *Compliance and Governance

INTERNAL-EXTERNAL CONTACTS

Internal –   

Sales / Distribution Unit 

·       Nature – provide assistance in inquiries, accounts for approval and other business concerns.

RI Team

·       Nature - RI placement and other reinsurance concerns.

International Market (IMa) Regional Line Head

·       Nature – referral of account beyond local GUL

Local Risks

·       Nature – referral of account which falls Local GI Underwriting Subcommittee Guidelines

Educational Background:

Must be a College Graduate of any four-year course (engineering, mathematics related course is an advantage)

Professional Experience:

• Must be a College Graduate of any four-year course (mathematics-related course is an advantage)
• Must have at least five (10) years' experience in underwriting
• Deep understanding of Engineering, Construction Underwriting, Property Underwriting and General Insurance Risk Management.
• Must have attended a General Insurance Seminar with Intermediate and Advanced Property and Engineering courses in an authorized training institution. Basic risk management technique and risk surveying is an advantage.
• Knowledge and understanding of financial documents like Audited Financial Statement, Income Statement, Balance Sheet is an advantage.
• Strong analytical skills with the ability to assess complex risk factors effectively.
• Excellent communication and interpersonal skills to collaborate with cross-functional teams.

Skills required:

• Proficient in Microsoft Software and tools.
• Ability to make sound decisions under pressure.
• Strong negotiation and problem-solving skills.
• Commitment to continuous learning and professional development.

A global leader in insurance and investments, AXA takes care of 103 million lives in 64 countries worldwide. We actively invest in pioneering and personalized solutions to meet your ever-changing needs and exceed your expectations. In the Philippines, we are in partnership with Metrobank, one of the country's strongest banks.