Assistant Director, Property
Full-time
Director/C-Level
4 months ago
Job Description
To support and work closely with CEO and Assistant Director, Facultative to manage and grow the Facultative portfolios, including ..
Job Description
- To support and work closely with CEO and Assistant Director, Facultative to manage and grow the Facultative portfolios, including production and placement activities into the international markets.
- To identify and act upon new business opportunities on a wholesale and facultative basis which promote the profitable development of the business.
- To participate in the development of the Facultative reinsurance business in line with Company's plans and targets.
- To facilitate the prompt placement of Facultative reinsurance contracts in accordance with the client’s requirements and needs, in a timely manner in accordance with regulatory requirements acting in the best interest of the client and the company at all times.
- To provide a quality service to clients covering all aspects of their reinsurance arrangements; to advise, arrange and secure the appropriate cover at a competitive premium.
- To assume responsibility for:
- The renewal business portfolios
- New business production
- The marketing & placement of risks
- Client Servicing
- To meet the financial and operational targets set by the Department.
- To promote effective and regular communication within the Department and with other Departments.
- To promote and ensure compliance with the Company’s Rules and Procedures and other management instructions, in particular with regard to:
- The conduct and recording of business
- Confirmations and evidencing of cover
- Recording and filing of all communications and discussions
- The safeguarding of client monies
- The escalation and reporting of breaches, errors & omissions, disputes and complaints
- Support the liaison with other departments to ensure that a coordinated approach is adopted on matters with cross-company impact.
- Reporting to the line manager on a timely manner to update on the performance and ensure the line manager is made aware of:
- Any matter which might expose the Company to a claim, legal action or regulatory action/investigation.
- Any serious disciplinary cases.
Representing Price Forbes
- Champion the Price Forbes name and core values.
- Collaborative – we build on our own experience of innovation to push boundaries in partnership with clients.
- Tenacious – we are relentless and clear-sighted in our pursuit of new and ground-breaking ideas.
- Creative – we take a fresh perspective on risk, seeking new solutions to the trickiest questions.
- Open – we are open-minded and future-ready, and we embrace uncertainty.
- Represent Price Forbes with clients, agents, suppliers and other organizations.
Compliance
- Comply with relevant legal, regulatory and compliance requirements, E&O compliance procedures and quality initiatives.
- Escalation of any potential E&O's to Division Head / Directors at the earliest opportunity.
- Ensure completion of all mandatory Company training and to deadline.
Your scope of duties is not restrictive and may be expanded at the company’s discretion.
Regulatory Responsibilities / Knowledge Required:
- To be familiar with the detailed regulatory obligations imposed by Monetary Authority of Singapore (MAS).
- To ensure you are trained and competent to perform your duties to the required standard and in compliance with the Monetary Authority of Singapore (MAS) regulations.
- Detailed understanding and knowledge of general insurance and underlying legal principles.
- Detailed understanding of the Company’s internal procedures and practices.
Requirements / Skills Required:
- Previous exposure to a leadership and management role(s), track record as a trusted team leader as well as a good team player.
- Ability to organize and delegate tasks effectively.
- Ability to prioritize and organize own workload to ensure that deadlines are adhered to and targets are met.
- Ability to work under pressure and to manage, lead, motivate and influence others.
- Excellent written and verbal communication skills.
- Ability to develop and sustain relationships with both internal and external parties.
- Confidence in representing the department or the company both internally and externally.
- Proficient computer skills, such as Microsoft suites, etc.
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