About this role
Job title: Engineering Underwriting Lead
About the Role The Engineering Underwriting Lead will manage and lead Zurich's Engineering underwriting line of business for Singapore. The role develops and executes underwriting strategy, delivers profitable portfolio performance, serves as a senior referral point for complex underwriting decisions, and builds strong broker, customer, and internal stakeholder relationships.
What You'll Do
- Manage the selection, denial, acceptance, and renewal of Engineering business in line with underwriting appetite and delegated authority.
- Underwrite and analyze new and renewal business within delegated authority levels.
- Act as a senior referral point for underwriting decisions requiring empowerment at this level.
- Demonstrate specialized and advanced technical knowledge in Engineering insurance.
- Administer and monitor underwriting rules, guidelines, insurance laws and regulations, and rating manual rules.
- Ensure consistency and adherence to underwriting standards across the Engineering portfolio.
- Lead the development of the underwriting strategy for the Engineering line of business and oversee execution to deliver required portfolio performance.
- Identify opportunities and risks using data, market insights, distribution dynamics, and portfolio analysis.
- Recommend and implement action plans after reviewing agency books of business, profit/growth results, and emerging trends.
- Establish and agree key performance targets and financial budgets to optimize business performance in line with agreed objectives.
- Review themes from complex analysis conducted by others and make informed, authoritative technical recommendations to improve business performance in the medium and longer term.
- Contribute to the business strategy within own area, aligning Engineering underwriting strategy with wider business goals.
- Educate and influence senior colleagues on relevant policies and governance processes to ensure the business is not exposed to undue risk.
- Develop processes and review policies relevant to Engineering underwriting to ensure alignment with strategic business objectives.
- Assure the development and implementation of policies, procedures, and standards to produce profitable underwriting results.
- Lead the implementation of complex projects, typically as part of major change or business improvement initiatives involving multidisciplinary teams and timescales in excess of one year that impact underwriting.
- Improve underwriting processes and efficiency for the Engineering line of business.
- Oversee the design and implementation of rating tools and methodologies that deliver value to customers while remaining commercially viable for the organization.
- Develop and maintain distribution relationships in support of business retention and acquisition.
- Work with customers, agents, and brokers where appropriate to determine insurance-related needs.
What We're Looking For
- Experience leading underwriting for an Engineering line or equivalent
- Specialized and advanced technical knowledge in Engineering insurance
- Ability to develop and execute underwriting strategy and drive portfolio performance
- Strong understanding of underwriting rules, guidelines, and regulatory requirements
- Data-driven mindset with portfolio analysis, market insights, and distribution dynamics
- Excellent stakeholder management with brokers, customers, and internal partners
- Proven leadership in managing complex projects and cross-functional initiatives
- Strong communication and decision-making skills