Senior Underwriting Assistant

Position Type: Experienced Level - Individual Contributor

Employment Type: Full-Time

Work Location: Alabang, Muntinlupa City
Work Schedule & Setup:  M-F, Hybrid
Industry: Insurance Industry

Base Salary: PHP 25,000

About the Job:
Analyze the risks associated with the product and/or insurance line within their remit, and decide whether to accept or reject them, in accordance with the regulations, technical criteria and guidelines of the head of the technical area and the underwriting limits authorized, in order to maintain an adequate risk level that ensures that the growth and profitability targets are met.

Join our client team and unlock a range of enticing benefits, including:

• Competitive Base Salary

• HMO with 2 Free Dependents

• 14th Month Pay

• Medical Allowance/Reimbursement

• Performance Bonus

• Christmas Cash Gift

• 15 SL and VL

• Leave Conversion

Company Profile:

• As a leading insurance provider in the Philippines, our client offers a wide range of affordable and comprehensive coverage options, including auto, health, and travel insurance.

Required Qualifications:

• Graduate of any 4-year course.

• At least 3-5 years or more professional experience, preferably in non-life insurance.

• Knowledge of non-life insurance.

• Highly organized with attention to detail.

• Ability to multitask, prioritize and deliver results on time under pressure.

• Flexibility to meet continuously changing priorities and challenges.

• Good written and verbal communication skills.

• Ability to work independently and as part of a team.

Scope & Responsibilities:

• Screens risks, determines applicable rates, terms and insuring condition, and risk distribution prior to acceptance.

• Confirms encoding accuracy prior to printing of policy (new and renewal) and endorsements.

• Answers inquiries from branches and different departments regarding policy guidelines, claims, premiums coverage and all other inquiries related to underwriting.

• Manages accounts as assigned and instructed by Underwriting Division Head by Coordinating with the client on the needed details for proposal creation.

• Creates and prepares proposals to be submitted to client and continuously follows up until the account is closed.

• Prepares offer slip for New and Renewal accounts to reinsurers for accounts beyond Treaty limit.

• Assists the Department Head in generation of figures for risk and loss profile of the line. Prepares and analyzes for the renewal of treaty contracts and recommends changes in the Treaty terms for submission to the Reinsurance head together with other renewal requirements.

• In coordination with RI unit, reviews RI bordereaux for accounts with special RI transactions.

• Reviews and analyzes monthly Profitability results and agree with Business line Head on strategies to improve results.

• Cascades with Sales any change in underwriting strategies.

• Ensures that technical controls are properly set-up in the system and coordinates with Operations for appropriate actions / implementation.

• Handles queries on distribution of Risks (All Policy issued) based on Treaty Guidelines.

• Coordinates with RI Unit requirements for the System Distribution set up for Automatic Distribution of policies following Treaty Guidelines.

• Reviews accounts prior to renewal and if necessary, advise applicable renewal amendments/non-renewal instructions prior to release of renewal notices.

• Prepares the file and coordinates with IT for all the policies with System encoding corrections.

• Answers inquiries regarding Policies for Renewal from Sales and Operations (E-mail and Phone calls).

• Prepares the product definition of all products to be defined in the system.

• Prepare terms of contracts for special accounts and coordinates with IT for system set-up.

• Assists BLU Head in creation, and preparation of Policy forms, Policy Schedule, Policy endorsement, Policy Certification and other documents needed for IC

• Approval of Policy conditions and wordings and send the request for payment to

• Finance department subject to approval of the Business Line Unit Head.

• Participates in the review and updates of Personal Accident Underwriting Guidelines subject to approval of the Business Line Unit Head

• Participates in the review and updates of OFW Underwriting Guidelines subject to approval of the Business Line Unit Head.

• Prepares comparison of Group PA and Travel Insurance Products of the company vs competitors.

• Discusses relevance of our existing products with Miscellaneous Head, RI and Portfolio Manager and Technical Head. Agree on changes to be applied and discuss with Sales/Marketing.

• Reviews performance of existing products and agrees with Technical Head, Miscellaneous Head, RI and Portfolio Manager and Sales & marketing on how we can increase productivity.

About Likha Careers:

Likha is a traditional Tagalog (Filipino) word that means ‘to create’ or creation. At its core, Likha Careers exists to help create a world where people of all walks of life have the opportunity to participate in a positive and rewarding career where happiness, pride, and financial security are achieved. We do this through thoughtful, people-centric career services.

Let’s create your career together!