We are seeking highly-motivated individuals with professional experience to join our team as Assistant Manager/ Manager, Distribution.
ERGO Insurance Pte. Ltd. is a registered general insurer regulated by the Monetary Authority of Singapore. We are a wholly owned Singapore subsidiary of ERGO Group AG, one of the major insurance groups in Germany and Europe, and we are the primary insurance arm of Munich Re, one of the leading reinsurers and risk carriers worldwide.
www.ergo.com.sg
There are countless good reasons to pick ERGO as an Employer.
No matter where you are in your career, we offer various development opportunities in all departments at all levels.
You’ll experience a fair and open-minded culture where every employee is trusted and valued.
We support you on your career path. Professional development is a central part of our philosophy: we give all our staff the opportunity to develop, both personally and professionally.
If you have a strong passion to succeed and aspire to join a company that can offer you an interesting and diverse career, we look forward to meeting you!
Requirements
To be successful in this role, you will possess the following experience, knowledge and skills:
- Minimum degree in any discipline from a good institute
- General Insurance certifications
- At least 5 years of working experience in the insurance industry in Singapore
- Strong technical underwriting, good interpersonal, team working and communication (written and verbal skills)
- Good work attitude hardworking, self-motivated, and sound judgement
Job description
The successful applicant will:
Daily:
- Handle queries from assigned agents
- Study all new insurance proposals/amendment requests from agents
- Collect background information, assess risks/requests, decide and calculate premiums payable
- Sending out timely quotations/requests and negotiate the terms with the intermediaries
- Propose solutions to intermediaries on any issues encountered
- Prepare bond assessment risk forms
- Liaise and seek approvals from underwriters on the referral risks & those not within authority
- Liaise with Operations team with instructions for issuing of new documents
- Check that documents issued by the Operations teams are in order before sending to agents
- Keep detailed and accurate records of documents underwritten and decisions made
- Ensure the signed LOIs for Bonds are properly signed and returned
- Liaise with other departments to ensure intermediaries‘ requests on documentations/collections are met
- Other assignments or responsibilities as assigned.
Weekly:
- Conduct simple CPD trainings for agents as assigned
Monthly:
- Ensure renewal notices are sent out promptly
- Send renewal notices to agents
- Follow up on status of renewals before their expiry
Quarterly:
- Update assigned agents on their productions
Ad-hoc:
- Issue cover notes and LOIs for Bonds
- Issue cancellation letters to Insureds on agents‘ requests
- Monitoring and following up with collection of premiums from agents
- Meeting/visits to intermediaries‘ offices, updating them on their productions and any new business opportunities
- Work with team members to follow up on annual GIA Agency Renewals/Payments
- Any other ad-hoc duties assigned.
