Assistant Operations Manager

1 week ago

Singapore KOREAN REINSURANCE COMPANY Full time

Market Research

  • Collect and analyze articles about insurance & reinsurance market trends, various insurance products and translate it into Korean version for the HO and Korean clients
  • Make presentation material for client and internal training purpose

Operations Management

  • Assisting in designing and operating outward treaty program : PF analysis, accumulation, claims reporting, renewal submission to the brokers
  • Assisting in weekly reporting to the management on overall operation
  • Assisting in producing regular reports of underwriting performance and overall operation (Weekly/Monthly/Quarterly)
  • Training and coaching assistant underwriters in conducting their duties in a professional manner based on U/W guidelines in HO
  • Liaising with HO: accounts and finance, claims, compliance, risk management, IT system, etc.
  • Assisting in overall operation of Labuan Branch including but not limited to license management, reporting, compliance to laws and regulations
  • Responding to the management company and/or LFSA whenever they reasonably request for advice or instructions on any matter relating to the branch operation
  • Maintaining liaison with other underwriters in HO to support in underwriting, claims and retrocession renewal
  • Liaising and work closely with IT team in HO to resolve any system errors raised by underwriters, technical accountants and finance team in Singapore Branch
  • Providing orientation and training of internal system to newly hired employees
  • Any other projects and duties assigned by the Company management

Underwriting & Claims

  • Assisting in reviewing and underwriting reinsurance treaty contracts including pricing, terms and conditions, catastrophe & aggregate exposure for all lines of business emanating from assigned markets
  • Assisting in providing comprehensive client services to insurance companies in Asia, including conventional reinsurance solutions, financial analysis, capital modeling and developing new business model
  • Assisting in business producing activities including charting business plan, travelling to meet client/solicit business, providing valueadded service to clients in order to ensure growth and profitability
  • Assisting in reviewing Treaty and Fac claims and taking necessary action for underwriting and business development purpose
  • Assisting in producing and vetting large loss reports, reserve movements, exgratia considerations for Branch CEO's and/or HO's approval

Requirements:

  • At least 7 years working experience in a reinsurance company
  • Bachelor's degree
  • Fluent in Korean (speaking and writing)
  • To liaise with HO for internal reporting and system support
  • Proficient in MS office
  • Excellent communication and interpersonal skills
  • Ability to handle several tasks simultaneously with a selfstarting, proactive approach
  • Ability to work independently and under pressure

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