Junior Reinsurance Broking Executive

4 weeks ago


Singapore PRICE FORBES BROKING (ASIA) PTE. LTD. Full time
Roles & Responsibilities

Job Description

  • Learning about the International (Re)insurance Markets to gain an understanding about (Re)insurance.
  • Understand the environment in which Price Forbes operates in.
  • Understand the workings of the company and each of its functions, as well as the market that the business operates in.
  • Gain an understanding of Price Forbes’s key specialisms in other areas.
  • Learning the account opening and broking procedures (i.e. KYCs, placing checklist, conducting sanction checks, clauses, subjectivities, warranties, due dates, premium and commission computation etc.)
  • Providing support to the Marine Specialty Broking Team in the preparation of placement slips & endorsements as well as the Technical Administration and Claims process.
  • To learn and understand clients’ (re)insurance arrangements.
  • Become an effective team member and collaborate well with peers in both the London and Global offices.
  • To develop and foster relationships with clients.
  • To work on allocated tasks and projects as directed in order to facilitate business operations.

Main Responsibilities:

  • Learn to manage the (re)insurance intermediation as part of the team including risk placing, client servicing, claims handling, and associated functions.
  • Learn to produce clear and accurate documents and wordings for clients which provide the best possible cover in the market and adhere to all regulatory requirements.
  • Learn to use appropriate class of business knowledge to produce contract documents and documents suited to the client’s needs.
  • Understand the amendments to policies/contract documents produced prior to agreement by Underwriters.
  • Learn to deal and resolve client or underwriter’s queries in a timely and professional manner.
  • Learn the use of TradEd and Brokasure/GXB to help drive and encourage adoption of it throughout Price Forbes, and to ensure that Tracking is completed promptly to reflect the status of any risk.
  • To ensure sound business practices and an adequate and pro-active risk control framework within the team and work within the authority.
  • Maintain up-to-date and orderly files, and ensure documents are saved and files are passed on to the others in accordance with Company Rules and Procedures.
  • Check final contract documents against slip or proposal details to ensure appropriateness of the proposed standard policy.
  • To work closely with Finance department in resolving accounting and technical queries.
  • Provide and gather information to and from Clients and Underwriters as required.
  • Facilitate KYC compliance checks as relevant.
  • Escalate any potential problems to senior brokers and account executives.
  • Maintain proper meeting and call records.

Others:

  • Coordinate for events and conferences.
  • Perform any other duties as assigned.

Essentials:

  • Diploma holder or equivalent. No prior experience required.
  • Immediate availability highly appreciated.
  • Eager and willing to learn.
  • Ability to prioritise and organise own workload.
  • Ability to work under pressure without supervision.
  • Collaborative team working approach.
  • Ability to work with employees at all organisational levels.
  • Ability to build and maintain profitable long-term relationships with clients and insurers.
  • Good negotiation and influencing skills.
  • Accurate and attentive to detail.
  • Good written and verbal skills.
  • Proficiency in Microsoft Office (Excel, word, power point) & Outlook.

Note:

  • Local Insurance market knowledge and network is greatly appreciated thus Singaporean / PR candidate will be considered with priority

Tell employers what skills you have

Negotiation
Outlook
Handling queries
Microsoft Office
Broking service
Claims Handling
Marine Insurance
Reinsurance
contract documentation
Administration
client servicing
Attentive
Manage Client Relationships
Verbal Skills
Fast Learner
Excel
Regulatory Requirements
KYC
Business Development
active learning

  • Singapore AON REINSURANCE SOLUTIONS ASIA PTE. LTD. Full time

    Roles & ResponsibilitiesAon is in the business of better decisionsAt Aon, we shape decisions for the better to protect and enrich the lives of people around the world.As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.What the day will look like Responsible...

  • Broking Executive

    2 months ago


    Singapore MITSUI BUSSAN PANA HARRISON PTE. LTD. Full time

    Roles & ResponsibilitiesScope: Manage all broking documents including preparation of slips, quotations, endorsements and other supporting documents for submissions to reinsurers. Booking of transactions into internal broking administration system. Prepare premium computation worksheets Tracking due dates of related account Attending to queries from...


  • Singapore Aon Corporation Full time

    Senior Broking Support, Treaty ReinsuranceSenior Broking Support, Treaty ReinsuranceAon is in the business of better decisionsAt Aon, we shape decisions for the better to protect and enrich the lives of people around the world.As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues...

  • Reinsurance Broker

    2 weeks ago


    Singapore Guy Carpenter Full time

    Reinsurance BrokerWhat can you expect: Unparalleled opportunity to be part of a dynamic reinsurance broking team managing multinational client accounts Purposedriven work where we partner with client organizations as their strategic advisor to help them meet the challenges of our time Worldclass development opportunities to achieve your full potential An...


  • Singapore MITSUI BUSSAN PANA HARRISON PTE. LTD. Full time

    Roles & ResponsibilitiesScope: Negotiate with insurers and reinsurers for quotation and placement. Able to work and manage a team Manage all broking documents including preparation of cover notes, slips, quotations, endorsements and other supporting documents for submissions. Attending to queries from insurers and reinsurers Any ad-hoc duties as may be...

  • Senior Manager

    2 weeks ago


    Singapore UIB ASIA REINSURANCE BROKERS PTE. LTD. Full time

    ObjectiveTo lead and raise the standards and profile of the broking support team (team of estimated five Broking Executives / Senior Broking Executives within Treaty & Facultative/Specialty) with the goal to achieving a standard of technical competency and delivering high quality service to our clients and reinsurers.Responsible for the preparation and...


  • Singapore KAY INTERNATIONAL AMEA PTE. LTD. Full time

    REPORTING MATRIX Direct reporting to Regional Chief Executive Officer& Director Southeast Asia Dottedline matrix reporting to Chief Broking Officer***- Responsible for managing all Endorsements and Claims activities of the account, including generating the corresponding financial documents/ closings Provides support to the risk placement brokers and renewal...

  • Fac Broker

    2 weeks ago


    Singapore UIB ASIA REINSURANCE BROKERS PTE. LTD. Full time

    Overall Role:To deliver client service through the day to day administration of Facultative business relating to the placement, servicing & documentation of all classes of insurances. Answering client's queries. Placing of contracts that meet clients' needs to the UIB markets. Ensuring placements maintain local compliance, regulatory and quality practice...

  • Reinsurance Broker

    2 weeks ago


    Singapore RANDSTAD PTE. LIMITED Full time

    Roles & Responsibilitiesabout the companyOur client, one of the world's fastest growing reinsurance brokers.about the jobIn this position as a Reinsurance Broker, you will be required to work alongside your team and report to the HOD. You will work with specific clients to place risks with reinsurers, assisting with the negotiation of effective terms to...


  • Singapore AON REINSURANCE SOLUTIONS ASIA PTE. LTD. Full time

    Director - Life Reinsurance Analytics, Asia (12 month contract)We are seeking a highly motivated individual to join our Regional Life & Health Reinsurance team servicing our clients in Asia. In this role, the new team member will take an integrant part in the development of our Life & Health Reinsurance business in Asia Pacific, with a focus on South East...


  • Singapore AON REINSURANCE SOLUTIONS ASIA PTE. LTD. Full time

    Roles & ResponsibilitiesWhat the day will look like Act as an intermediary between clients and reinsurance companies Produce and place facultative reinsurance and retrocession placements with both local and international markets Coordination of production and marketing roles of the broking team Possess in-depth knowledge of risks and the reinsurance...

  • Associate Director

    3 months ago


    Singapore ASIA REINSURANCE BROKERS PTE. LTD. Full time

    Roles & ResponsibilitiesRoles & Responsibilities:Reporting to the Department Head, the ideal candidate is a team player who assist in the placement and servicing of existing treaty reinsurance accounts and new treaty business production including Structured Solutions. Preferably treaty knowledge within the SEA markets, and India subcontinent.Key...

  • Reinsurance Broker

    1 month ago


    Singapore RANDSTAD PTE. LIMITED Full time

    Roles & Responsibilitiesabout the companyOur client, one of the world’s fastest growing reinsurance brokers.about the jobIn this position as a Reinsurance Broker, you will be required to work alongside your team and report to the HOD. You will work with specific clients to place risks with reinsurers, assisting with the negotiation of effective terms to...

  • Reinsurance Broker

    4 weeks ago


    Singapore RANDSTAD PTE. LIMITED Full time

    Roles & Responsibilitiesabout the companyOur client, one of the world’s fastest growing reinsurance brokers.about the jobIn this position as a Reinsurance Broker, you will be required to work alongside your team and report to the HOD. You will work with specific clients to place risks with reinsurers, assisting with the negotiation of effective terms to...


  • Singapore Guy Carpenter Full time

    Guy Carpenter is seeking candidates for the following position based in the Singapore office:Reinsurance Treaty BrokerWhat can you expect: Unparalleled opportunity to be part of a dynamic reinsurance broking team managing multinational client accounts Purpose-driven work where we partner with client organizations as their strategic advisor to help them meet...


  • Singapore Guy Carpenter Full time

    Guy Carpenter is seeking candidates for the following position based in the Singapore office:Reinsurance Treaty BrokerWhat can you expect: Unparalleled opportunity to be part of a dynamic reinsurance broking team managing multinational client accounts Purpose-driven work where we partner with client organizations as their strategic advisor to help them meet...


  • Singapore Guy Carpenter Full time

    Guy Carpenter is seeking candidates for the following position based in the Singapore office:Reinsurance Client Support Specialist (Treaty Technician)What is in it for you? Be part of a reputable and recognized brand in the reinsurance industry by working with and learning from industry leading experts in the field. Unprecedented opportunity to...


  • Singapore Guy Carpenter Full time

    Guy Carpenter is seeking candidates for the following position based in the Singapore office:Reinsurance Client Support Specialist (Treaty Technician)What is in it for you? Be part of a reputable and recognized brand in the reinsurance industry by working with and learning from industry leading experts in the field. Unprecedented opportunity to...


  • Singapore AON SINGAPORE PTE. LTD. Full time

    Roles & ResponsibilitiesAccount Executive, Strategic Account ManagementWhat the day will look like To maintain smooth and harmonious working relationships with clients, their in-house insurance/reinsurance and broking team, various ceding companies, various insurance service providers and Aon Specialty and servicing teams worldwide; Assist the team in the...


  • Singapore AON SINGAPORE PTE. LTD. Full time

    Roles & ResponsibilitiesAccount Executive, Strategic Account ManagementWhat the day will look likeTo maintain smooth and harmonious working relationships with clients, their in-house insurance/reinsurance and broking team, various ceding companies, various insurance service providers and Aon Specialty and servicing teams worldwide; Assist the team in the...