Role Purpose:
To develop a thinking junior underwriter who can assess risk drivers, articulate downside scenarios, and support disciplined underwriting decision under uncertainty. The role goes beyond processing submissions and focuses on building sound underwriting judgement.
Main responsibilities include but not limited to following:
- Underwrite Property reinsurance business (Facultative) in accordance with Samsung Re's underwriting philosophy and guideline
- Review submission and identify key risk drivers, loss scenarios, and information gaps
- Analyze technical details (COPE) and translate them into underwriting implication
- Price risks accurately and ensure terms and conditions are appropriate and compliant with underwriting guidelines.
- Prepare underwriting notes clearly explaining reasoning, assumption and referrals within authority limits
- Monitor portfolio performance, capacity utilization, accumulation, and exposure management
- Manage renewal and support business strategies to achieve profitability and growth targets
- Engage with Brokers, and Internal Stakeholder i.e Claims, and Operations teams through structured and intelligent questioning
- Ensure accurate documentation and compliance with underwriting guidelines.
- Assist in the review of the Underwriting Guidelines; propose improvements; changes or amendments
- Be accountable for the performance of the portfolio (both top line and bottom line) and the completeness of pricing tools, timeliness of records creation, and accuracy of records
Job Requirements:
- Degree in Engineering or related field or equivalent (flexible)
- Minimum 1-3 years of underwriting, engineering, analytics, claims, risk adjusting or risk-related roles, with added advantages of experience in property underwriting
- Experience in reinsurance practice is an added advantage
- Regional experiences, knowledge and responsibilities are a plus
- Ability to manage and priorities workloads
- Excellent interpersonal & communication skills
- Verbal, written and professional presence and ability to communicate at all levels with excellent negotiation skills
- Strong team working approach
- Proficiency in MS office is a must
Additional Attributes:
- Strong curiosity about how and why losses happen
- Comfortable working with incomplete or imperfect information
- Numerate, structured thinker with attention to capital and tail risk
- Coachable, open minded, intellectually honest and resilient to feedback
- Technical curiosity is essential for non-engineering background
Career Development and Progression:
- The role is designed for someone who wants to grow into technical market underwriting specialist with strong risk judgement and capital awareness.
- Opportunities to progress from supporting roles into independent underwriting authority
- Be involved in risk selection strategy and not just deal execution
- Gain exposure to claims, loss analysis and portfolio steering
