Assistant Underwriting Manager (Engineering / Construction)

Job Summary

• Support the Head of Engineering Lines & Construction on delivery of the planned profitability of Engineering Lines for HK Commercial Insurance (HK CI)
• Assist in formulating and executing underwriting strategy of HK CI
• Underwrite and analyze new and renewal business by utilizing The Zurich Way of Underwriting (TZW) framework, within the delegated authority levels
• Develop and maintain relationships with customers, brokers and other business partners in support of business retention and acquisition
• Develop and maintain relationship with key customers through superior service

Job Accountabilities

• Apply TZW of Underwriting elements for new business & renewals; handling of assigned accounts and work within delegated authorities
• Measure exposure and analyze risk
• Determine technical price according to agreed pricing process
• Quote and set coverage; Negotiate terms & conditions;
• Contribute to development and execution of Zurich’s strategy
• Build relationships in support of customer/ business acquisition and retention (e.g. by handling a range of queries; provide advice and to assist with the development of an account
• Implement the agreed technical standards, controls, practices and procedures, thereby maintaining underwriting discipline
• Timely update and use of sales and accounting systems
• Contribute ideas and work for the development of new or enhanced propositions based on technical, customer and distributor insights

Job Qualifications

• Bachelor’s Degree or typically hold or working towards relevant professional qualification such as ACII
• Minimum 3 - 5 years CAR, EAR, Machinery Breakdown underwriting experience in Hong Kong market
• Practical market-facing underwriting experience
• Solid brokers and clients servicing experience
• Fluency in English and Cantonese; Mandarin and Cantonese speaking an added advantage
• Knowledge in Engineering underwriting and structuring multinational insurance business in a compliance manners
• Knowledge of major legal & regulatory construction issues in HK and to some extent in overseas markets are added advantage
• Experience in servicing multinational / complex accounts with large/ key brokers
• Negotiation, influencing and selling skills
• Ability to develop relationships with key business partners
• Meticulous in product underwriting and policy wording
• Ability to build trust-based business relationships with customers and producers
• Open mind to try new ways and alternative approaches of doing things

Why Zurich

At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right? 

We are an equal opportunity employer who knows that each employee is unique - that’s what makes our team so great! 
Join us as we constantly explore new ways to protect our customers and the planet.
 

• Location(s):  HK - Hong Kong