Underwriter 2Sun Life Financial

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:
Job description (heading) / Description du poste (titre)
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.
Current Approval Authority Limit:
Standard - Applied for with Sun Life - Up to Ps 5Million, or US Dollar Equivalent
Standard Total All Companies - Up to Ps15 Million, or US Dollar Equivalent
Substandard - Up to Ps500,000 or US Dollar Equivalent, 250%
Decline, Postpone, NPW - None
Preferred skills (heading) / Compétences particulières (titre)
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 :
Qualifications (heading) / Compétences (titre)
4-year College Degree Course
Responsibilities (heading) / Responsabilités (titre)
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.Renders assistance as maybe required to attain the department business objectives in supporting company drives and contests.
Job Category: Underwriting - Individual
Posting End Date:
Sun Life Financial

Manila City, Metro Manila Taguig City, Metro Manila
Permanent
Full-time