Insurance Underwriting Professional
7 days ago
We are seeking a highly skilled and detail-oriented Insurance Underwriting Professional to join our team in Singapore. This is an excellent opportunity for someone looking to develop their underwriting skills and take on new challenges.
As an Insurance Underwriting Professional, you will be responsible for assisting underwriters in all tasks to deliver a profitable Underwriting service to our clients. Your key responsibilities include:
- Assisting with underwriting business within agreed business plans and working towards obtaining individual underwriting authority;
- Building and maintaining relationships with brokers and clients;
- Controlling timely implementation of new and renewed accounts according to quality standards;
You will work collaboratively in a team environment, assisting underwriters, underwriting assistants, risk engineers, and management teams. Your role will involve reviewing submissions, including applications, policy wording, inspection reports, loss runs, and financial reports, while conducting research to determine the degree of risk for each account.
Essential ResponsibilitiesYour essential responsibilities will include:
- Reviewing submissions and conducting research to determine the degree of risk for each account;
- Preparing individual cases for pricing and modelling, liaising with actuaries to deliver technical pricing to underwriters;
- Conducting pre-underwriting for renewals, handling endorsements on active business, conducting specific analyses for new business, and following up on renewals;
- Assisting the business group in maintaining and developing their book of business while developing the necessary skill sets and defined authority to accept risk in underwriting of a profitable account;
- Controlling timely implementation of new and renewed accounts according to quality standards;
To be successful in this role, you will need:
- Bachelor's Degree (or equivalent) in a relevant field;
- Experience in the relevant class of business;
- Demonstrated technical knowledge and skills, including product and industry, reflective of successful progression through various job family levels;
- Advanced analytical, negotiation, and sales/marketing skills;
- Excellent written and oral communication skills;
- Interpersonal savvy and ability to build and maintain strong insured and broker contacts;
- Ability to develop and understand business processes, strategy, and planning;
We offer a competitive salary of SGD 6,500 per month, plus benefits, including:
- A comprehensive health insurance plan;
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