We are seeking highly-motivated individuals with professional experience to join our team as Manager, Underwriting (Reinsurance).
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.
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
- Degree in any discipline from an International recognized Institution and/or ANZII or ACII
- 5 years & above in a similar capacity within the general insurance industry with sound technical knowledge of all General classes of Insurance as well as Reinsurance Treaty setup
- Strong business acumen to understand economic and business models.
- Strong knowledge of General insurance and reinsurance accounting and reporting
- Good knowledge of reinsurance practice including experience in handling outward reinsurance Treaties and Facultative reinsurance.
- Good analytical skills and excellent interpersonal and communication skills
- Proficient in Microsoft Office, especially Excel and Power Point
- Experience in analysis of data
Job Description
- Prepare Annual Treaty renewal data pack including review of Treaty wordings and requirements by the company to achieve the business plan targets.
- Update the Treaty codes and set up in Company's application system on finalization of the Treaty renewals.
- Conduct Underwriting Files peer review.
- To ensure all Reinsurance contracts (inward and outward) are properly documented to meet the Contract
- Certainty requirement and to submit the Contract Certainty monthly.
- Provide ad hoc support to Operations team as required.
- Treaty Special Acceptance requests by Underwriters and Distribution – to co-ordinate as well as to manage the proper recording.
- In co-operation with Claims, to communicate with claims notifications to Reinsurers including cash calls.
- Review of Quarterly Treaty Statement of Accounts done by Finance
- Provide submissions of Regulatory or Group reports relating to Underwriting/Treaty.
- Review and maintain all Underwriting Guidelines to ensure compliance with Group guidelines and Treaty requirements by working closely with respective Product Leaders and CUO.
- Any other duties from time to time assigned by CUO or Management.
