Director of Power, Downstream & Renewables

Job Description

• To effectively manage and grow the Power, Downstream & Renewables (re)insurance team, 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 Power, Downstream & Renewables (re)insurance business in line with the Company's plans and targets.
• To oversee and ensure the prompt placement of Power, Downstream & Renewables 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 assume responsibility for and to oversee:

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 Power, Downstream & Renewables capabilities in Singapore

• To represent the Power, Downstream & Renewables Department and Company internally and externally.
• To be responsible for the leadership and management of (re)insurance intermediation for the team.
• To agree the financial and operational targets for the Power, Downstream & Renewables Department with the CEO.
• To lead effective and regular communication within the Power, Downstream & Renewables Department and with other Departments.
• To advocate and ensure sound business practices compliant 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

• Liaison with other Directors and senior managers to ensure that a coordinated approach is adopted on matters with cross-company impact.
• Reporting to the CEO in a timely manner to update on the Power, Downstream & Renewables Departments performance and ensure the CEO 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 ensure that they and their wider team adopt and uphold best practices and act in a compliant manner at all times, including with regards to the handling of clients, filing of documentation, tracking of enquiries, handling of claims and processing of business.
• Any other relevant tasks that the CEO 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.

Regulatory Responsibilities / Knowledge Required:

• To be familiar with the detailed regulatory obligations imposed by Monetary Authority of Singapore (MAS).
• To ensure you are trained and competent to perform your duties to the required standard and in compliance with the Monetary Authority of Singapore (MAS) regulations.
• Detailed understanding and knowledge of general insurance and underlying legal principles.
• Detailed understanding of the Company’s internal procedures and practices.

Requirements / Skills Required:

• Previous exposure to a leadership and management role(s), track record as a trusted team leader as well as a good team player.
• Ability to organize and delegate tasks effectively.
• Ability to prioritize and organize own workload to ensure that deadlines are adhered to and targets are met.
• Ability to work under pressure and to manage, lead, motivate and influence others.
• Excellent written and verbal communication skills.
• Ability to develop and sustain relationships with both internal and external parties.
• Confidence in representing the department or the company both internally and externally.
• Proficient computer skills, such as Microsoft suites, etc.