Our client is a prominent and well-established multinational with a global presence worldwide. They are now seeking to hire an experienced and driven procurement professional to be part of their team as their Senior Manager, Group Procurement.
Responsibilities:
- Appoint insurance broker through tender for insurance program in Singapore and the Rest of the World (ROW).
- Liaise with various Business Units for insurance renewal information submission and organize renewal of both General Line and Financial Line insurance programs for the group.
- Lead the optimization of insurance program structure for coverage improvement and cost efficiency.
- Check insurance policy thoroughly and coordinate with the broker to ensure policy wordings reflect correctly the renewal intention and coverage that insurers submitted before policy binding.
- Monitor claim status and assist local operation team in major claim settlement.
- Work with the broker to provide risk mitigation advice to operation teams.
- Provide responses to business departments on insurance coverage-related inquiries.
- Work with investment teams on insurance matters for acquisitions, provide insurance premium estimation, and input to insurance-related clauses in the relevant transaction documents.
- Assist investment team on Warranty & Indemnity (W&I) insurance procurement for transactions with such requirement.
- Develop database of insurance cost index across the markets that the group operates in.
Requirements
- Preferred degree in business administration, economics or finance.
- Minimum 5 years working experience in insurance industry.
- CIP certificate would be advantageous
- Possess good organization and coordination skills
- Prudent and good team player
