This is an IT support group | Insurance Manager
12 hours ago
Responsibilities
Insurance scope
Responsible for Group’s existing insurance portfolio
Reviews and critically assesses the risks and insurance needs of the Group for existing portfolio of assets and operations, and develops insurance strategies for current and future needs
Procures new insurance policies taking into account business needs and keeps tabs on insurance developments and trends in the energy insurance market
Updates underwriting information for insurance renewals and obtains feedback from internal departments to assess adequacy of insurance coverage
Evaluates and negotiates premium rates, insurance terms with brokers and underwriters
Analyses and updates financial ratings of brokers and underwriters annually
Establishes a good working relationship with a panel of brokers and underwriters
Develops and implements policies and SOPs on insurances for the Group
Rolls out a playbook containing a summary of the Group’s main insurances for internal departments to reference to when negotiating contracts
Project insurances
Reviews insurance requirements of contracts, understands work scope and maps out insurance risk gap analysis in order to procure project specific insurance programs
Audit of assets and insurances:
Engages appraisers / insurance consultants to review the valuation of the Group’s assets and adequacy of the Group’s insurance
Insurance claims and administration:
Reports and manages all insurance claims from notification of the claims up to settlement of the claims
Manages database of insurance policies and claims across the Group, including subsidiaries and overseas investments and facilitates renewals and enquiries
Provides updates to Internal Audit team and Senior Management
Requirements
Bachelor’s Degree in Law / Business Administration / Finance / Economics or equivalent
Minimum 5 years of proven experience in insurance broking or underwriting industry
Possess excellent communication skills with savvy approach when dealing with insurance brokers and underwriters
Strong understanding of insurance programs and handling insurance claims
Well informed of insurance market trends and issues
Our Address and Working Hours:
Seatrium Pioneer Yard
50 Gul Road
Singapore 629351
(Island wide transport provided)
Mon - Thu: 8am - 5:15pm, Fri: 8am to 4:30pm
Interested candidates are invited to send us an updated resume with your current and expected salary and earliest availability.
We regret that only shortlisted candidates will be notified.
Please note that your personal data disclosed to Seatrium Limited and our group of companies, shall be used for the purposes of evaluation, and processing in accordance with our recruitment processes and policies. By providing your personal data, you have consented to the aforesaid purpose under the provisions of the Personal Data Protection Act 2012.
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