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Procurement Leadership Position

1 month ago

Singapore The Edge Partnership Full time

Key Responsibilities

  • Appoint an insurance broker through tender for the group's insurance program in Singapore and the Rest of the World (ROW).
  • Liaise with various business units for insurance renewal information submission and organize the renewal of both General Line and Financial Line insurance programs for the group.
  • Lead the optimization of insurance program structure for coverage improvement and cost efficiency.
  • Thoroughly check insurance policies and coordinate with the broker to ensure policy wordings accurately reflect the renewal intention and coverage submitted by insurers before policy binding.
  • Monitor claim status and assist local operation teams in major claim settlement.
  • Work with the broker to provide risk mitigation advice to operation teams.
  • Provide responses to business departments on insurance coverage-related inquiries.
  • Collaborate with investment teams on insurance matters for acquisitions, provide insurance premium estimations, and input to insurance-related clauses in transaction documents.
  • Assist investment teams with Warranty & Indemnity (W&I) insurance procurement for transactions with such requirements.
  • Develop a database of insurance cost indices across markets that The Edge Partnership operates in.

    Role Requirements

    • Preferred degree in business administration, economics, or finance.
    • Minimum 5 years of working experience in the insurance industry.
    • CIP certificate is advantageous.
    • Good organizational and coordination skills.
    • Prudent and a good team player.