Underwriter 2 - Urgent

We are searching for an enthusiastic Underwriter 2 to join our stellar team at Sun Life Financial in Manila.
Growing your career as a Full Time Underwriter 2 is a great opportunity to develop useful skills.
If you are strong in people management, project management and have the right personality for the job, then apply for the position of Underwriter 2 at Sun Life Financial today!

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

Underwriter 2

Old Title: Underwriter Trainee, Grade Level H

Job Grade

4B

Role Summary

Decides whether applications for insurance cover for should be accepted; assesses the risk according to the likelihood of a claim being made following established risk classification principles within delegated approval authority limit. 

Main Responsibilities

1. Gathers and orders requirements using information from various sources (such as the Application Form, Medical Examination and other medical results, information provided by the advisors, MID, previous policies, etc.) to look for possible impairments (health, disease, occupation, hobbies, residence in dangerous local/foreign countries, financial circumstances, moral hazards, lifestyle, PEP/high risk etc.) that can increase the person’s insurance risk. 

2. Assesses the degree of risk represented by the proposed insured and the owner after weighing up all the risk factors; decides whether to approve or deny the coverage within approval authority limit; makes recommendations for those over approval authority limit; recommends appropriate mortality rating for substandard cases; recommends decline, postpone and NPW decisions and refers them to higher underwriter.

3. Completes and updates our NB Systems, such as UW Assessment, UW Requirements, UW decision screens of WMS , IUM and ING during application evaluation and processing.

4. Provides information and support to advisors and other sales personnel through emails, SMS, and answering telephone inquiries to help them fulfill their field underwriting responsibilities in selecting risks and submitting underwriting information. Provides score to advisors for both positive and negative performances in WMS.

5 Refers malpractices and misrepresentations to immediate superior and to Compliance immediately upon discovery

6. Reports impairment codes of substandard, Not as Applied For and Rejected cases to MIB PLIA System.

7. Calculates retention/reinsurance limits and prepares cession forms for reinsurance cases.

8. Renders assistance as maybe required to attain the department business objectives in supporting company drives and contests.

Typical reporting relationship

Reports to Supervisor/Manager, Underwriting

Minimum typical education

4-year College Degree Course

Minimum typical experience

2 years to 4 years -

Core Professional/Technical Competencies Required

Abilities:

• Basic skills in exercising judgment on and appraisal of underwriting cases

• Limited practical experience in applying underwriting techniques
• Limited practical experience in relating to advisors

Knowledge:

• Use of the following systems: WMS, Ingenium,

Auto Appraisal, IUM, PRISM, MIB, DocuVu, Medical

System, Lotus Notes, MS Word, Excel, Powerpoint) : Basic

• Knowledge of insurance & underwriting principles : Basic
• Knowledge of medical aspects, anatomy, physiology,

symptoms/signs and prognosis of diseases, medical

abbreviations and terminology, normal values for

commonly encountered laboratory tests, medical

procedures, etc.), physical appearance & codes in the system : Basic

• Knowledge of nonmedical aspects of underwriting

(occupation, foreign residence, lifestyle, alcohol, drugs,

immigration, etc.) : Basic

• Knowledge of legal implications affecting underwriting : Basic
• Knowledge of financial underwriting principles, insurable

interest, anti-selection : Basic

• Knowledge of insurance products, riders and policy

contract provisions : Basic

• Knowledge of customer service principles : Basic
• Use of the different Underwriting Manuals : Basic
• Signature Verification [ include in Trainee & 4A ] : Basic
• Typing skills 40 wpm : Proficient
• Reinsurance principles & preparation of cession forms : Basic
• Post Issue Underwriting [include in Trainee & 4A ] : Basic

Core Soft/Transferable Competencies

• Collaborates Effectively : Intermediate
• Communicates Confidently : Intermediate
• Focuses on the Customer : Intermediate
• Takes Accountability : Intermediate
• Understands our Business : Basic

Development/Training to support Role Competencies

Relevant Courses-Professional/Technical Competencies

• Basic UW training Course & Reading Program

• LOMA 280, Principles of Insurance
• ALU 101 or LOMA Insurance Administrtion
• LOMA 290, Insurance Company Operations
• LOMA 311, business Law for Financial Services Professional
• ALU 201

Relevant Courses – Soft/Transferable Competencies

• PMP Learning Session -> [include in Trainee & 4A ]
• SOP (Sun Life Orientation Program) -> new name
• Product Knowledge training -> new name
• Communicating effectively
• Handling Complaints
• Service plus: Beyond Customer Expectation
• Industry-related training courses (LOMA/ALU)

Job Category:

Underwriting - Individual

Posting End Date:

Benefits of working as a Underwriter 2 in Manila:

● Excellent benefits
● Advancement opportunities
● Attractive package