Job Description
Responsibilities include, but are not limited to, the following:
- Adhere to both business and underwriting plans and strategies to support the business growth through the various distribution channels.
- Working with the Head, own team and the other Team Leaders to drive the profitable growth of P&E portfolio for the company and achieving market leadership.
- Working with the Head to establish best practices and processes to ensure that the team meet the company’s service standards set.
Underwriting
Assist the Head and members to:
- Review and prepare underwriting / renewal information
- Prepare market pricing for discussion with Head.
- Underwrite risk and maintain a profitable book of P&E business.
- Prepare quotation slips after finalization with Head
- Attend to queries or mid-term changes from existing accounts
- Liaise with intermediaries and follow up on new quotations and renewals
- Ensure timely and proper passing down of instructions to Policy Administration with the required information / documentation.
- Ensure that sanction checks are conducted.
- Handle the checking of policies and broking slips
- Update and maintain the records, schedules, statistics, etc.
- Assist the Head to compile, analyze and prepare monthly reports required for monthly meetings and business reviews.
- Ensure that an acceptable pricing and terms is determine within own underwriting authority and underwriting guidelines, on new business and renewals.
- Ensure acceptable loss ratio through coordinating account stewardship process, loss control activities, tracking and following up on large claims and related activity as required.
- Ensure evaluation of facultative reinsurance needs and coordination as necessary within company underwriting and risk control guidelines.
- Stay current on competition, underwriting environment, and market conditions and to share findings and updates with all members of the team as appropriate.
Business Development
- Assist the Head in successful business penetration launch.
- Assist the Head in growing new and existing business through strengthened account relationships by way of a multi-tier approach.
- Assist the Head in driving efforts in key business and line reviews including product selection, pricing, new product introductions, competitive (healthy) conversions via Key Decision Influencer, etc.
- Assist the Head in performing territory and distribution channel analyses and planning in order to prioritize allocation of efforts to maximize profitable growth.
Channel / Relationship Management / Service Standards
- Develop, maintain and deepen relationships with intermediaries in support of business retention and acquisition and works with customers and distributors (agents & brokers) to determine their insurance related needs and provide solutions.
- Maintain service standards by timely response to intermediaries’ requests and timely receipt of collateral and agreements in addition to meeting deadlines on submissions of quotations, certificates and/or policies.
- Adopt practices to ensure rigorous screening via our KYC process.
Job Requirement
- ACII, ANZIIF or Degree/Diploma in Insurance
- Basic Degree/Diploma in Business or Engineering with CGI
- Minimum 2 years’ experience in Property & Engineering insurance underwriting with direct intermediary engagement / technical underwriting.
- Some knowledge of insurance operations, underwriting procedures and understanding of policy wordings.
- Some understanding of risk assessment, laws and legislation in relation to the general insurance industry and specifically within the P&E field.
We apologize that only shortlisted candidates will be contacted. Thank you
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PERSOLKELLY Singapore Pte Ltd • RCB No. 200007268E
EA Registration No. R22106437 (TEOH KAI HUI)
