Underwriting Deputy Manager - TJ / 1866194

EFU Life Assurance Ltd. is seeking a skilled Deputy Manager - Underwriting to join their team remotely. The successful candidate will be responsible for managing the underwriting process with accuracy and expertise, ensuring comprehensive risk assessments and validation of insurance policies. This role requires a strong focus on regulatory compliance and maintaining high standards of policy administration. The ideal candidate will possess excellent analytical skills, proficiency in underwriting software and data analytics tools, and a solid understanding of medical terminology to effectively evaluate health-related risks. Collaboration with various departments such as customer service, legal, actuarial, and claims is essential to enhance operational efficiency and service quality.

Key Responsibilities

- Conduct thorough risk assessments on insurance applications using established risk management frameworks to determine policy eligibility and terms.
- Review and validate policy documentation to ensure compliance with internal standards and external regulatory requirements for accuracy and completeness.
- Analyze claims data to identify risk patterns and emerging trends that may influence underwriting decisions and policy development.
- Maintain strict adherence to all relevant laws, regulations, and company policies throughout the underwriting process.
- Utilize specialized insurance software and advanced data analytics tools, including expert-level Excel skills, to maintain accurate underwriting records and generate detailed reports.
- Apply expert knowledge of medical terminology to assess health-related risks and collaborate with medical professionals when necessary.
- Develop, update, and manage comprehensive technical documentation and dynamic presentations to support underwriting functions and communicate insights to stakeholders.
- Collaborate closely with customer service teams to facilitate timely policy issuance, resolve client inquiries, and improve overall customer experience.
- Implement and monitor risk management strategies aimed at maintaining portfolio profitability and minimizing potential losses.
- Coordinate underwriting activities with claims, actuarial, and legal departments to ensure consistency, transparency, and adherence to best practices.
- Drive continuous improvements in underwriting workflows by identifying inefficiencies, reducing errors, and optimizing service delivery quality.
- Manage document and correspondence systems to secure and organize underwriting files, ensuring ease of access and data integrity.
- Present detailed risk analyses, findings, and actionable recommendations clearly to senior management.
- Stay updated on industry developments, regulatory changes, and emerging best practices to enhance underwriting policies and risk assessment methods.

Required Qualifications

- Proven experience in underwriting within the insurance industry, preferably life assurance.
- Strong analytical and decision-making skills with the ability to assess complex insurance applications.
- Proficiency in underwriting software and advanced data analytics tools, including expert-level Excel.
- Solid understanding of medical terminology relevant to health risk evaluation.
- Familiarity with regulatory compliance requirements and risk management frameworks.
- Excellent communication skills for effective collaboration across departments and clear reporting to senior management.
- Ability to develop and maintain detailed technical documentation and presentations.

Preferred Qualifications and Benefits

While not explicitly stated, candidates with experience working remotely and a background in cross-functional collaboration will find this role well-suited to their skills. EFU Life Assurance Ltd. offers the opportunity to contribute to a reputable organization with a focus on innovation and continuous improvement in underwriting practices.

This position provides a platform to leverage expertise in underwriting, risk assessment, and data analytics to support portfolio profitability and enhance customer satisfaction in a dynamic, remote working environment.