about the company
Our client, one of the leading specialty (re)insurance companies, works closely with brokers and clients to protect and support business activities around the world globally.
about the job
In this position as an Underwriter, you will work within the Energy team with a primary focus on Offshore & Upstream Energy accounts. This is a great opportunity to join one of the leading Energy teams in the market and at an exciting time as we see the Energy transition unfold in the region.
The ideal incumbent will be expected to underwrite business within the agreed business plan and individual authority, supporting the business planning and forecasting process and monitoring financial exposure within outlined limits.
You will monitor premium income to ensure it remains within set limits, maintaining awareness of all claims advised while supporting and providing input on settlement of claims and ensuring adequate reinsurance acquired to cover specific risks. You will be required to build and maintaining relationships with brokers and clients; supporting the design and structure of risks.
The successful incumbent will also be reviewing complex submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account. Calculating appropriate risk premium by considering the risk costs inherent to the respective sector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
Proactively advising, assisting, servicing and following up with clients on insurance and risk management matters to ensure satisfaction and fulfilment of their insurance requirements.
** Hybrid work arrangement available
** Office located at CBD
** Offers excellent benefits & package
skills and experience required
- 5+ years of experience as an Underwriter, with focus on Upstream Energy or Offshore
- Brokers with strong business development background and desire to transit into Underwriter are welcome
- Some knowledge on Oil & Gas Industry or offshore energy will be good to have
- Strong team player, proven track record and fast learner
- Highly adaptable and ability to work in fast paced environment
If the above position interest you, kindly click on the ‘apply now’.
EA: 94C3609/R132534
Applicants must be fully vaccinated or have a valid exemption in accordance with MOM’s regulations to allow them to enter the workplace. Applicants may be required to share verifiable COVID-19 vaccination documents or proof of a valid exemption at the point of offer. Randstad Pte. Limited and/or the Client reserves the right to withdraw an offer if the applicant fails to provide verifiable COVID-19 vaccination and/or proof of exemption documents.
