Vice President, Downstream Energy

1 month ago

Singapore Marsh Full time

Marsh is seeking candidates for the following position based in the Singapore office:

Vice President, Downstream Energy

What can you expect?

This will be an exceptional opportunity to collaborate and work alongside a highly motivated, well established and professional broking team based in Singapore. This role will offer the successful candidate fantastic exposure across a specialty team. You will also get access to colleague resource groups across the globe that provides mentorship and development opportunities to help you build a sense of connection and community throughout your career.

What is in it for you?

We are seeking an experienced Insurance Placement Specialist to join the Downstream Energy Placement Team in Singapore. The successful candidate will be responsible for working alongside our regional clients, servicing our extensive Marsh network, working with the team on tenders, managing the placement of new business, quoting renewals and completing complex placements. The role requires a high level of attention to detail, excellent communication skills, and the ability to work collaboratively with colleagues and clients globally.

We will count on you to:

  • Assisting to prospect new business opportunities and review tender requirements
  • Compiling tender submissions and reports and preparing tender presentations
  • Communicating with clients and engagement of Marsh resources and colleagues as needed
  • Engagement of in-house /technical/advisory resources
  • Compilation of underwriting and claims information and drafting of slips
  • Assisting with the negotiation of lead terms and review/negotiation of signed slips/wordings
  • Marketing to (Re)Insurers and update to clients on placement status
  • Setting up mud maps and update thereof during the placement stage
  • Binding of lines, ensuring cover on risk and confirming the same to clients (clearing subjectivities prior)
  • Drafting of Summaries of Cover
  • Clearing (Re)insurer security with the parties involved
  • Obtaining information and drafting endorsements
  • Preparing renewal wordings and sharing with leaders (for agreement) and clients
  • Preparation of premium, commission and risk engineering spreadsheets

What you need to have:

  • Bachelor's degree ideally in Business, Finance, or related field
  • Minimum of 5 years of experience in insurance placement or related field
  • Strong communication and negotiation skills
  • Good knowledge of the Singapore Insurance Market
  • Excellent attention to detail and ability to manage multiple tasks simultaneously
  • Proficient in Microsoft Office Suite and insurance placement software
  • Knowledge of insurance industry regulations and practices

What makes you stand out:

  • Excellent people management, time management, presentation and problem solving skills.
  • Good communication and written skills in English.
  • Highly motivated and a team player with good interpersonal skills while concurrently being able to work proactively and work independently where required.
  • Positive attitude towards work and learning.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people regardless of their sex/gender, marital or parental status, ethnic origin, nationality, age, background, disability, sexual orientation, gender identity or any other characteristic protected by applicable law.

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