Insurance Risk Management Specialist

3 days ago

Singapore ST Logistics Pte Ltd Full time
Job Description:
Company Overview:
ST Logistics Pte Ltd is a leading logistics company in Singapore, committed to providing innovative and reliable services to our clients. Our team is dedicated to excellence and strives to build long-lasting relationships with our partners.

Job Summary:
The Senior Executive - Insurance and Risk Management plays a critical role in proactively managing our insurance portfolio and supporting the development and implementation of comprehensive risk management strategies and programmes. This position requires a highly skilled and experienced professional who can collaborate effectively with internal stakeholders and external partners to ensure optimal insurance coverage and minimize financial risks.

Key Responsibilities:
  • Insurance Program Management:
    • Support the management of our insurance portfolio, including procurement and management of insurance policies;
    • Stay updated with regulatory changes and adjust insurance coverage or risk practices accordingly;
    • Ensure insurance coverage is adequate and relevant to organizational needs;
    • Conduct periodic reviews of insurance policies to ensure they remain aligned with organizational risk profiles;
    • Liaise with brokers, underwriters, and legal teams to negotiate insurance terms and premiums;
    • Collaborate with brokers to perform detailed risk evaluations and customize insurance plans;
    • Monitor insurance budgets and track premium costs, claim payouts, and potential future liabilities;
    • Support forecasting and financial analysis related to insurance and risk management;
    • Assist in developing cost-saving strategies in insurance premium negotiations.

  • Claims Management:
    • Manage the end-to-end process of insurance claims, including the submission of claims and liaising with insurers to ensure prompt settlement;
    • Review and analyze claims to identify trends and recommend actions to minimize future claims;
    • Ensure all claims are properly documented, and follow-ups with insurers are conducted in a timely manner;
    • Prepare risk management reports, including risk exposure, insurance coverage, and claims performance for senior management;
    • Conduct internal audits of risk management processes and insurance policies to ensure full statutory compliance.

  • Risk Assessment and Management:
    • Collaborate with business units to identify potential risks, conduct comprehensive risk assessments, and document risks across the organization;
    • Support the development of risk mitigation strategies and monitor their effectiveness;
    • Collaborate with internal and external stakeholders to implement appropriate insurance solutions to cover identified risks;
    • Perform risk review of contracts, new business scope, and major projects;
    • Support the development and revision of risk management policies and procedures to ensure alignment with industry regulations and regulatory requirements;
    • Prepare regular reports on risk exposure, insurance coverage, and claims analysis for senior management.

  • Training and Awareness:
    • Conduct workshops and develop educational materials to enhance organizational awareness of insurance and risk management practices, ensuring compliance;

  • Stakeholder Management:
    • Maintain relationships with internal stakeholders to align insurance and risk management with organizational goals, while serving as a point of contact for insurance inquiries and supporting stakeholders in risk management processes;

  • Crisis Management:
    • Coordinate crisis response efforts by collaborating with stakeholders and establishing communication channels for real-time updates and decision-making;

  • Others:
    • Undertake any assigned projects or duties directed by Management (if any).

Requirements:
  • Knowledge and Experience:
    • Knowledge of Singapore's regulatory environment and industry best practices;
    • Understanding of various insurance products (General and Finance Lines) and their application in mitigating supply chain risks;
    • Detail-oriented, resourceful, and adaptable to changing environments, thorough risk assessments, and compliance with regulations;
    • Proficient in the use of MS Office Applications / Microsoft Power Platform Applications;
    • Professional certifications in risk management or insurance (e.g., ARM, CPCU) are an advantage;
    • Ability to articulate concepts in a clear and relevant manner to the target audience;
    • Excellent facilitation, collaboration, meticulous, interpersonal, analytical, research, problem-solving, and resourcefulness skills;
    • Ability to effectively plan, organize, and prioritize to manage tasks, resources, and deadlines;
    • Self-starter and able to perform multiple tasks independently and as a team player;
    • Ability to understand workplace engagement, maintain confidentiality and professionalism;
    • Commitment to ongoing learning and self-improvement, with a focus on driving results through new skills and knowledge.

  • Professional Qualifications & Relevant Experience:
    • Diploma/Bachelor's degree in Business Administration, Finance, Accountancy, Risk Management, or a related field;
    • 3-5 years of experience in insurance, risk management, or related fields is required;
    • Experience within the supply chain industry or in a corporate risk management role is preferred.

  • Insurance Risk Management Specialist

    3 days ago

    Singapore Liberty Insurance Company Limited Full time

    Liberty Insurance Company Limited is a leader in the insurance industry, and we are currently seeking a skilled Insurance Risk Management Specialist to join our team. As a key member of our risk management team, you will be responsible for identifying and mitigating potential risks, developing strategies to minimize losses, and collaborating with internal...

  • Risk Management Specialist

    5 hours ago

    Singapore Lonpac Insurance Bhd Full time

    **Job Summary**Lonpac Insurance Bhd is seeking a highly skilled Risk Management Specialist to join our team. In this role, you will be responsible for underwriting and pricing new and renewal business for various insurance classes.Key Responsibilities:Undertake risk assessments and develop strategies to mitigate potential losses.Pricing of new and renewal...

  • Insurance Risk Management Specialist

    3 days ago

    Singapore MILLER INSURANCE LLC Full time

    At Miller Insurance LLC, we are seeking an experienced Credit and Political Risks (CPRI) professional to join our team in Singapore. This exciting opportunity is ideal for someone with a strong network of contacts in the leveraged finance, structured finance, or project finance industry.Key Responsibilities:Grow existing portfolio by identifying new and/or...

  • Insurance Claims Specialist

    3 days ago

    Singapore Liberty Insurance Company Limited Full time

    Job Summary:We are seeking a skilled Insurance Claims Specialist to join our team at Liberty Insurance Company Limited. As an Insurance Claims Specialist, you will be responsible for handling Non-Motor claims, including Wica & Bonds.Main Responsibilities:* Proactively manage claims to closure, ensuring cost-effective outcomes.* Evaluate and negotiate the...

  • Insurance Risk Analysis Manager

    3 days ago

    Singapore QBE Insurance Group Limited Full time

    About the Job: We are seeking a highly skilled Insurance Risk Analysis Manager to join our team. As a Risk Analyst, you will be responsible for evaluating and managing risk in order to provide insurance solutions to our corporate clients. The ideal candidate will have strong analytical skills, excellent communication abilities, and a deep understanding of...

  • Enterprise Risk and Insurance Specialist

    3 days ago

    Singapore COVERXPRESS SINGAPORE PTE. LTD. Full time

    Job Overview:We are seeking an experienced Enterprise Risk and Insurance Specialist to join our team at COVERXPRESS SINGAPORE PTE. LTD.About Us: Our company is a leading provider of insurance solutions, dedicated to delivering exceptional services to our clients.Your Role: As an Enterprise Risk and Insurance Specialist, you will be responsible for...

  • Risk Management Specialist

    3 days ago

    Singapore ST Logistics Full time

    Risk Management Expertise:As a Risk Management Specialist – Insurance and Compliance at ST Logistics, you will play a vital role in developing and implementing comprehensive risk management strategies. This involves identifying potential risks, collaborating with internal stakeholders and external partners to minimize financial risks, and staying updated...

  • Risk Management Specialist Corporate

    3 days ago

    Singapore QBE Insurance Group Limited Full time

    About the Opportunity: This is an exciting opportunity for a skilled Risk Management Specialist Corporate to join our team. As a Risk Manager, you will be responsible for developing and implementing risk management strategies to mitigate potential losses and ensure profitability. The successful candidate will have strong analytical and problem-solving...

  • Insurance Brokerage Expert

    3 hours ago

    Singapore MILLER INSURANCE LLC Full time

    Miller Insurance LLC is a recognized leader in our specialist fields. We're seeking an Account Executive to join our CPRI team in Singapore and contribute to our success.About the Team:Our CPRI team works closely with clients to provide expert advice and tailored solutionsWe're committed to delivering exceptional client service and building strong...

  • Marine Insurance Specialist

    3 days ago

    Singapore Liberty Insurance Company Limited Full time

    Job OverviewWe are seeking a Marine Insurance Specialist to join our team at Liberty Insurance Company Limited. In this role, you will be responsible for underwriting and developing marine cargo and hull business to achieve targeted profitable portfolios.

  • Business Development Manager, Indochina Market

    1 week ago

    Singapore SPECIALIST RISK ASIA PACIFIC PTE. LTD. Full time

    Roles & ResponsibilitiesSpecialist Risk Asia Pacific Pte Ltd is part of Specialist Risk Group (SRG), an integrated group ofinsurance intermediaries arranging specialist insurance for corporates operating in Asia Pacific and Internationally. With a reputation for taking on complex risk, SRG serves over 90,000 clients and places £1.1BN of premium into the...

  • Insurance Risk Manager

    10 hours ago

    Singapore Liberty Insurance Company Limited Full time

    Job SummaryWe are seeking an experienced Senior Underwriting Executive to join our team at Liberty Insurance Company Limited. The successful candidate will be responsible for evaluating and quoting new and renewal business, developing relationships with intermediaries, and providing technical support.Main Responsibilities:Evaluate and quote new and renewal...

  • Compliance and Risk Specialist

    3 days ago

    Singapore Starr Insurance Full time

    Job DescriptionThe Risk and Compliance Manager will play a crucial role in providing risk and legal compliance support to the Asia region for Starr Insurance.This position is responsible for supporting the local Asia business region and collaborating closely with the Asia Regional Counsel, Starr Insurance group home office legal department, and the Global...

  • Insurance Regulatory Expert

    3 days ago

    Singapore Starr Insurance Full time

    About UsStarr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.We are one of the world's fastest growing insurance organizations, capable of writing in 128...

  • Risk and Compliance Manager

    3 days ago

    Singapore Starr Insurance Full time

    Direct message the job poster from Starr Insurance Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world. Cornelius Vander Starr established his first...

  • Insurance Risk Manager

    5 hours ago

    Singapore Aon Hewitt Full time

    Company OverviewAon is a global professional services firm that helps organizations shape decisions for the better to protect and enrich the lives of people around the world. We are united through trust as one inclusive team and are passionate about helping our colleagues and clients succeed.Job DescriptionWe are seeking an experienced Insurance Risk Analyst...

  • Insurance Risk Specialist

    1 day ago

    Singapore This is an IT support group Full time

    Company OverviewAIG is a leading global insurance company that helps customers manage risk and protect their assets.

  • Risk Management Executive

    5 hours ago

    Singapore Income Insurance Limited Full time

    We are seeking a Risk Management Executive to join our team at Income Insurance Limited.In this role, you will be responsible for identifying and mitigating risks associated with our motor insurance business.The key responsibilities of this role include analyzing data, identifying trends, and developing strategies to minimize risk.Key requirements for this...

  • Insurance Risk Management Professional

    10 hours ago

    Singapore ST Logistics Pte Ltd Full time

    **Job Overview**ST Logistics Pte Ltd is seeking a highly skilled Insurance Risk Management Professional to join our team. As a key member of our Business Assurance and Compliance department, you will be responsible for managing our insurance portfolio, identifying potential risks, and implementing effective risk management strategies.In this role, you will...

  • Senior Manager Insurance and Risk

    5 hours ago

    Singapore CVista HR Consulting Pte Ltd Full time

    About the RoleWe are currently seeking an experienced Insurance and Risk Management Senior Executive to join our team at CVista HR Consulting Pte Ltd. As a key member of our organization, you will be responsible for managing the organization's insurance portfolio, including procurement and management of insurance policies. You will collaborate with business...