Experienced Marine Underwriting Specialist Wanted

1 month ago


Singapore China Taiping Insurance Full time
Job Overview

We are seeking an experienced Marine Underwriting Specialist to join our team at China Taiping Insurance.

Job Summary

This role is responsible for performing various risk assessments, processing new business applications, and providing timely follow-ups. The successful candidate will have a strong working knowledge of underwriting, product rating, and pricing methodology, as well as excellent analytical skills.

Key Responsibilities
  • Assist the Hull section in conducting thorough risk assessments to ensure accurate and efficient processing of new business applications.
  • Evaluate and process new business applications in accordance with company guidelines and regulatory requirements.
  • Provide prompt follow-up and processing of new business applications to meet deadlines and exceed customer expectations.
  • Foster strong relationships with intermediaries and clients by following up on supporting documents in a timely manner.
  • Escalate high-risk cases to the compliance team to ensure adherence to regulatory requirements.
  • Monitor and manage premiums to ensure prompt payment within the stipulated premium payment warranty.
  • Identify trends and opportunities to develop and service main accounts, driving business growth and revenue.
  • Review and update marine product offerings, value-added services, underwriting guidelines, and other relevant information to stay ahead of the competition.
  • Perform other functions or tasks assigned from time to time to support the team's objectives.
Requirements
  • Degree holder in insurance or shipping/logistics discipline, ANZIFF, or ACII.
  • Minimum 3 years of experience in the marine insurance industry, with substantial experience in underwriting, product rating, and pricing methodology.
  • Strong analytical skills and ability to analyze data for decision-making.
  • Excellent attention to detail and commitment to accuracy.
  • Established customer/broker relationships and strong communication skills.
  • Thorough understanding of class-specific underwriting and reinsurance knowledge.
Compensation and Benefits

The salary for this position is estimated to be around $80,000 - $110,000 per annum, depending on experience and qualifications. In addition to a competitive salary, we offer a range of benefits, including health insurance, retirement plans, and opportunities for career growth and development.



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