Risk Management and Compliance Professional
4 days ago
LMA Recruitment Singapore Pte. Ltd., a reputable recruitment agency, is seeking an experienced Risk Management and Compliance Professional to join our client, a leading general insurer with a local presence of over 100 years.
Job SummaryThis role involves overseeing the central register for underwriting manuals, guidelines, risk acceptance authority, underwriting breaches, and work processes. The successful candidate will also be responsible for monitoring pricing adequacy and assisting in efforts to improve results.
Responsibilities- Maintain the accuracy and completeness of the central register, ensuring all documents are up-to-date and compliant with regulations.
- Conduct regular audits to ensure adherence to underwriting policies and guidelines.
- Collaborate with the Asia/Head Office to develop and implement group underwriting policies and guidelines.
- Lead workshops and training sessions to enhance the knowledge and skills of business units, underwriting, and reinsurance teams.
- Support the development and implementation of the Environmental Risk Management framework and strategy.
- Coordinate with business units and profit centers to manage service providers effectively.
- A minimum of 8 years of experience in underwriting, preferably in general insurance.
- Strong knowledge of general insurance market trends, regulatory requirements, and commercial insurance underwriting.
- Expertise in pricing, audits, policy review, and risk management.
- Familiarity with business transformation and digitalization initiatives.
- Skills in business analysis, portfolio management, and insurance products.
The estimated salary for this position is SGD $120,000 - $180,000 per annum, depending on experience.
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