Desk Fac Underwriting Analyst

About the role

Are you a candidate with a strong experience in Facultative re/insurance industry? Are you looking forward to work closely with the Regional facultative underwriter to support them in Pre-underwriting & Post Bind activities. If yes, here is your opportunity to be part of a growing P&C Business Services Facultative team in China.

For this role, you need to have in-depth knowhow about insurance and reinsurance products and markets. Deliver timely and accurate business-processing, operational and technical support to underwriting process for Property & Casualty Facultative Underwriters.

Duties and responsibilities directly impact productivity, process efficiency, timeliness, profitability, and accuracy of the underwriting process. In addition, you are expected to be a good teammate with dedication, eagerness to learn and collaboration skills.

About The Team

We are a multinational, dynamic and engaged team directly working with and supporting the client facing team, divided into smaller teams according to Asia markets. We act as one team, we strive to expand our reinsurance knowledge, develop professionally and provide excellent service to our internal clients.

Should you be passionate about this position, and you identify yourself with our values: Client centricity, Integrity, Passion to perform, Team spirit and Agility, you could be the right candidate for our team.

Main tasks/activities/responsibilities

Pre-Underwriting & Post Bind Support:

• Understand the overall P&C FAC underwriting business process and provide both technical and operational support for APAC's P&C FAC Underwriters
• Local Language translation on submission, Queries, endorsements, etc,. to assist Bangalore team for further processing.
• Supporting Pre-underwriting activities, handle submissions, renewal assistance, by performing risk clearing and compliance related checks (AML, ITC, initial screening on Personal data – in line with CBDT requirements). Drive actions on Fac P&C process tools (WIRE, CIH, etc..) as and when needed.
• Drafting final quotes or contract acceptance, checking final contractual slips with agreed terms & modifications as per Underwriter's instruction.
• Assist in Post Blind processs((i.e., Contract binding, Endorsement handling, follow up with clients, accounting queries and documentation handling).
• Checking Contract documents and helping Underwriters in signing & Filing.

XFT Co-ordination / Team Support:

• Ensure proper coordination with FAC P&C Desk underwriters, FAC Hub Bangalore and other team members on business deliverables.
• Build and maintain good relationships with your stakeholders, continuously seek feedback for individual and team growth.
•  Ad-hoc back up support to local Business Operations TA team on key tasks.
• Audit Support: Facilitate & Assist Desk FAC P&C Audits
• Bangalore team holiday back up on submission handling & perform urgent task locally if needed.

Documentation & Reporting:

• Support Underwriters with specific reporting requirements as and when required.
• Help in documentation process aligning to CBDT requirement.

About You

 Qualifications

• Minimum 1-2 years of experience in Insurance and Reinsurance industry.
• Good business communication and cross-cultural skills, both verbal
• Good command on languages like English and Mandarin is required with listening, written and verbal communication skills
• Good understanding of Facultative Property/ Casualty insurance principles, wordings with end-to-end underwriting process flow.
• Understanding on quotation and submission data analysis
• Strong working knowledge of Microsoft Office (Word, Excel, PowerPoint, etc.)
• Effective team player with a positive outlook and proven ability to work in globally located team situations, understanding, and demonstrating sensitivity toward cultural differences.
• Strong customer-focus and service orientation.
• Adaptability to changes in tasks and priorities.