You are invited to join United Overseas Insurance (UOI), a member of the UOB Group.
Established in 1971, UOI is the only local listed general insurance company in Singapore. UOI’s profitable growth over the years reflects its financial strength and prudence.
The Company’s principal activities are the underwriting of general insurance business and reinsurance. General insurance covers a broad spectrum of classes of insurance, among which are fire, marine, motor, engineering, general accident and liability business.
UOI is a reliable and stable mid-tier insurer, focusing on achieving quality underwriting results. We are customer-centric and take on measured risks to underwrite on portfolio basis. We focus on customer-retention leveraging on the bank and UOI’s products and benefits. We are prudent in our approach; hence, we are known for achieving high underwriting margins.
We are a growth- oriented company and we continue to innovate and expand in Singapore and in the region.
We are now looking for a qualified individual to join UOI as Senior Accounts Officer.
Responsibilities
- Compute and prepare statement of profit commission and XOL premium adjustments
- Prepare portfolio premium/loss entry and withdrawal
- Responsible for checking and following up on the outward treaty outstanding balances for collection or payment
- Manually input into the Treaty system premium reserves released/interest for treaties, Fire & Marine 1st Surplus, XOL MND premiums and XOL claim recovery
- Process documents relating to Outward Treaties, Commission Bordereau, Excess of Loss Treaty & Outward Transaction Checklist
- Process monthly/quarterly/yearly Treaty Statement List B (final) and ensure figures are correctly captured in the Treaty system
- Check GL Summary Listing for posting to SUNGL
- Update and age reinsurers’ outstanding balances monthly
- Prepare quarterly summary of premium reserve retained from reinsurers
- Update premium, commission and claim paid by treaty and reinsurers from Statement List B yearly
- Handle treaty payments/receipts
- Prepare quarterly treaty accounts closing with a summary of balances
- Prepare Form IR37 Section 45 Withholding Tax Return and payment to IRAS
Requirements
- Minimum Diploma qualification
- At least 3 years of relevant working experience
- Proficient in Microsoft Office
