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Head of Business Unit - Core Channel

Well Link General Insurance Company Limited

  • Company Industries:Financial Services

Job Information

  • Post Date:2022-06-16
  • Career Level:Middle
  • Location:Sheung Wan
  • Yr(s) of Exp:15
  • Qualification:Non-Degree Tertiary
  • Employment Type:Full Time, Permanent
  • Job Function:Management  General Management  Insurance  Underwriter  Others
  • Benefits:Dental insurance, Medical insurance, Performance bonus, Five-day work week

Job Description

Responsibilities:

  • Prepare business plan; achievement of budgeted AGP, Loss Ratio and Commission Ratio; renewal retention; credit control; portfolio balance; acceptance standards; risk assessment;  business quotations and enquiries; signing and control of cover notes; organize monthly report & etc.
  • Arrange pricing and rating and R/I requirements with Underwriting Department
  • Manage sales and expenses to budget to control costs
  • Plan and implement a strategy to attract and retain high value agency sales force / clients and to eliminate poor performing portfolios
  • Identify new business opportunities; manage strategic intermediary relationships; manage agents recruitment and retention; manage agents profiles; provide efficient general business services to intermediaries and clients
  • Ensure all Agency and other channels sales force’s accreditation levels & compliance requirements are adhered to
  • Contribute to the refinement of processes and procedures to improve sales systems and procedures
  • Review existing portfolios and recommend strategies for increased growth
  • Learn about new products and understand commission structures for each product in order to enhance the relationships with clients
  • Keep self-knowledge up to date with current product range and any modifications in order to meet business appetite and customer needs
  • Establish and develop relationships and promote company image with key clients
  • Monitor client and market requirements and client feedback by conducting client calls / visits
  • In consultation with Underwriting Department, provide technical and specialist product expertise to intermediaries on the range of products offered
  • Adhere to underwriting standards, instructions and good practice to minimize risks and maximize efficiency
  • Evaluate risk for new business in accordance with standards, to ensure profitable growth
  • Issue and deliver policies documentations meeting service standards with high accuracy and efficiency
  • Prepare monthly report to show productivity and effectiveness in line with targets
  • Responsible for ad-hoc projects as designated by senior-management
  • Handle ad-hoc project assigned by the Company and/or Senior Management
Requirements:
  • Degree Holder and Professional qualification in insurance or related disciplines
  • Minimum 15+ years of experience in general insurance sales, servicing, underwriting, and business development functions with at least 5 years in managerial capacity
  • Local general insurance market expertise with broad general insurance industry knowledge
  • Excellent experience / understanding of class specific underwriting, product knowledge and policy documentation issuance and process
  • Negotiation and problem-solving skills
  • Sound relationship management and communication skills
  • Problem solving, planning and organizational skills
  • Commercial acumen
  • Ability to analyze data use for decision-making
  • Strong levels of personal drive and enthusiasm
  • Respond positively to change
  • Good command of spoken and written English and Chinese
  • Candidate with less experience will be considered as Senior Manager, Business Unit - Core Channels

We are an equal opportunity employer and welcome applications from all qualified candidates.

Please send your full resume both in English and Chinese stating with present and expected salary to Human Resources Manager by clicking APPLY NOW.

All  personal data provided will be treated in the strictest confidence and used
only for recruitment related purposes.  All personal data will be
destroyed after 6 months of submission.

Only short listed candidates will be contacted.

Company Info

Well Link General Insurance Company Limited, formerly known as Direct Asia Insurance (Hong Kong) Limited, is a member of Well Link Insurance Group Holdings Limited, a HK based financial institution.  Well Link Insurance provides peace of mind to customers in offering comprehensive insurance protection to meet customers’ insurance needs coupled with our quality and professional services, we strengthen our market position as a preferred Insurance Company of our customers.  Besides, we value our employee who are our greatest assets and we expect to offer rewarding career opportunities to our employees.  Candidates who are interested in developing his/her own career life with us as an Insurance Professional are encouraged to apply for the job.

 www.wli.com.hk

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