Responsibilities
- Adhere to both business and underwriting plans and strategies to support the business growth through the various distribution channels.
- Working with the Head, Team Leader, Underwriting and Distribution Team to drive the profitable growth of Financial Lines portfolio for the company and achieving market leadership.
- Working with the Head and team to establish best practices and processes to ensure that the team meet the company’s service standards set.
Business Development
- Assist the Head and Team Leader in successful business penetration launch.
- Assist the Head and Team Leader in growing new and existing business through strengthened account relationships by way of a multi-tier approach.
- Assist the Head and own Team Leader 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 and Team Leader in performing territory and distribution channel analyses and planning in order to prioritize allocation of efforts to maximize profitable growth.
Underwriting
Assist the Head and work with Team Leader and members to:
- Review and prepare underwriting / renewal information
- Prepare Raters for discussion with Team Leader / Head.
- Underwrite risk of moderate complexity and maintain a profitable book of Specialty Lines business.
- Prepare quotation slips after finalization with Team Leader / 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, Team Leader to compile, analyze and prepare monthly reports required for monthly meetings and business reviews.
- Ensure that an acceptable pricing and terms is dertermine 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.
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 Banking & Finance with CGI
- RPLU designation with the Professional Liability Underwriting Society
- Minimum 2 years’ experience in Specialty Lines insurance underwriting with direct intermediary engagement / technical underwriting.
- Knowledge of insurance operations, underwriting procedures and understanding in policy wordings.
- Understanding of risk assessment, laws and legislation in relation to the general insurance industry and specifically within the Financial Lines field.
Interested candidates who wish to apply for the advertised position, please click on "Apply Now". We regret that only shortlisted candidates will be notified.
PERSOLKELLY Singapore Pte Ltd • RCB No. 200007268E
EA License No. 01C4394 • EA Registration No. R23114347 (Pang Xue Ni)
