Underwriter Trainee
Sun Life Financial
Taguig, Manila
4d ago

Job Description :

  • This position is the entry level for the Underwriter position; incumbent learns the basics of underwriting principles, systems, forms, products and procedures;
  • learns how to review, evaluate, classify, rate, or reject applicants for life insurance cover, insurance riders such as Accidental Death Benefit, Total Disability Benefit, Critical Illness, health riders, pre-

    need, group, reinstatements and post-issue changes rejected by Plan and Policy Changes Section.

    1. Completes various training programs : reading programs, medical, non medical and financial underwriting training programs, familiarization with the different forms, products and systems used, within the prescribed time.

    2. Prepares presentations relating to reading programs and passes the required written examinations.

  • 3. Reviews previous existing policy records and compares them with the current information in the new application; computes total existing policies in force;
  • learns how to compute retention and reinsurance limits

    4. Evaluates applications to look for possible impairments (health, diseases, occupation, hobbies, residence in dangerous countries, financial circumstances, moral hazards, lifestyle, etc.

    that can increase the person’s insurance risk; records underwriting assessment and refers to a senior underwriter.

    5. Orders underwriting requirements including AMLA requirements, required forms, proposal, age / amount medical and financial underwriting requirements.

    6. Reports impairment codes of rated, Not as Applied For and Rejected cases to PLIA MIB System.

    7. Provides information and support to advisors through emails, SMS, and answering telephone inquiries.

    8. Refers malpractices and misrepresentations to immediate superior and to Compliance immediately upon discovery.

    9. Prepares cession forms for reinsurance cases.

    10. Renders assistance as maybe required to attain the department business objectives in supporting company drives and contests.

    Job Category :

    Underwriting - Individual

    Posting End Date : 30 / 12 / 2019

    30 / 12 / 2019

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