Assistant Director, Head of Facultative Financial Lines

Job Description

• To lead on the Facultative Financial Lines team and to support and work closely with fellow employees to manage and grow the broader Financial Lines (re)insurance portfolios, including production and placement activities into the Singaporean and international markets.
• To identify and act upon new business opportunities which promote the profitable development of the business.
• To lead the development of Facultative Financial Lines (re)insurance business in line with the Company's plans and targets.
• To oversee and ensure the prompt placement of Facultative Financial Lines 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 (re)insurance arrangements; to advise, arrange, and secure the appropriate cover at a competitive premium.
• To engage existing clients to ascertain if there are further opportunities.
• To lead on Facultative Financial Lines and to support the broader Financial Lines teams on :

1. The renewal business portfolios
2. New business production
3. The marketing & placement of risks
4. Client Servicing
5. Growing the team as we build out our wider Facultative Financial Lines capabilities in Singapore

• To meet the financial and operational targets set by the team.
• To lead effective and regular communication within the Financial Lines Department and with other Departments.
• Liaison with other teams to ensure that a coordinated approach is adopted on matters with cross-company impact.
• To promote and ensure compliance with the Company’s Rules and Procedures and other management instructions, in particular with regard to:

1. The conduct and recording of business
2. Confirmations and evidencing of cover
3. Recording and filing of all communications and discussions
4. The safeguarding of client monies
5. 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 in a timely manner to update on the Facultative Financial Lines Departments performance and ensure the line manager and Compliance Officer are made aware of:

1. Any matter which might expose the Company to a claim, legal action or regulatory action/investigation.
2. Any serious disciplinary cases.
3. Any substantial failure to comply with the external regulatory and legislative framework.

• To advocate and ensure and an adequate and proactive risk control framework within the team.
• To exercise judgment when reviewing proposals, either new or renewals.
• To maintain up-to-date and orderly files, and ensure documents are saved and files are passed on to others in accordance with Company Rules and Procedures.
• Any other relevant tasks that your line manager may from time to time require you to enact.

Representing Price Forbes

• Champion the Price Forbes name and core values.

1. Collaborative – we build on our own experience of innovation to push boundaries in partnership with clients.
2. Tenacious – we are relentless and clear-sighted in our pursuit of new and ground-breaking ideas.
3. Creative – we take a fresh perspective on risk, seeking new solutions to the trickiest questions.
4. Open – we are open-minded and future-ready, and we embrace uncertainty.

• Represent Price Forbes with clients, agents, suppliers and other organisations.

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.