Senior Underwriting Governance Strategist
1 day ago
We are seeking an experienced Senior Underwriting Governance Strategist to join our team at HYPERSCAL SOLUTIONS PTE. LTD.
About the Role
The Senior Underwriting Governance Strategist will play a crucial role in overseeing the development and implementation of underwriting policies, guidelines, and procedures across various business units.
Key Responsibilities
- Develop and maintain central registers of underwriting manuals, guidelines, risk acceptance authorities, underwriting breaches, and work processes.
- Monitor overall pricing adequacy to ensure optimal profitability.
- Analyze data and identify areas for improvement to enhance underwriting productivity and efficiency.
- Collaborate with stakeholders to optimize technology and workflow for referrals.
- Liaise with regulatory authorities, such as MOM, to represent the company's interests.
- Administer group underwriting policies and guidelines, including coordination with MSIG Asia/Head Office, establishment of procedures, control mechanisms, monitoring, and reporting.
- Conduct underwriting audits of business units, underwriting and reinsurance workshops, and training sessions.
- Support the development and implementation of environmental risk management frameworks and strategies.
- Liaise with service providers through collaboration with relevant segment profit centers and business units.
- Ensure compliance with group and regulatory reporting requirements, including PPF and IFRS17.
Requirements
- Tertiary qualification and/or insurance professional qualifications.
- No less than 8 years of underwriting experience in general insurance operations.
- Familiarity with commercial insurance business and underwriting, pricing, audit, referrals, policy wordings, and product enhancements.
- Experience in business transformation, digitalization, and business analysis portfolio management techniques.
- Knowledge of insurance products and good interpersonal and communication skills.
What You Will Gain
This role offers a competitive salary of SGD $120,000 - SGD $180,000 per annum, commensurate with experience, depending on your background and qualifications. As part of our dynamic team, you will have opportunities to grow professionally and personally, working with a talented group of individuals who share your passion for excellence.
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