Executive/senior Executive, Broking

1 week ago


Singapore ED BROKING (ASIA) PTE. LIMITED Full time

Job Description

Aim to develop new business portfolio and manage new clients across Asia Pacific, including production.

To identify and act upon new business opportunities which promote the profitable development of the business.

To facilitate the prompt placement of (re)insurance contracts in accordance with the client’s requirements and needs, in a timely manner in accordance with regulatory requirements acting in the best interest of the client at all times.

To provide a quality service to clients covering all aspects of their insurance arrangements; to advise, arrange and secure the appropriate cover at a competitive premium as well as claims handling.

Providing support to the Marine Specialty Broking Team in the preparation of placement slips & endorsements and placing process, and to work on allocated tasks and projects as directed in order to facilitate the business operations.

Understand the workings of the company and each of its functions, as well as the market that the business operates in.

**Main Responsibilities**:
To develop new business portfolio, strategic production and development plans for the Company, including the identification of new business opportunities and the planning and development of new initiatives.

To manage the (re)insurance intermediation as part of the team including production, risk placing, client servicing, claims handling and associated functions.

To produce clear and accurate documents and wordings for clients which provide the best possible cover in the market and adhere to all regulatory requirements.

Use appropriate class of business knowledge to produce contract documents and documents suited to the client’s needs.

Check and recommend amendments to policies/contract documents produced by others prior to agreement by Underwriters.

Check final contract documents against slip or proposal details to ensure appropriateness of the proposed standard policy.

Create original and complex contract documents and maintain database of contract documents and policy information.

Provide advice on contract documents within specified classes of business.

Resolve Underwriter’s queries in a timely manner.

Learn the use of TradEd, and help drive and encourage adoption of it throughout Ed and to ensure that Tracking is completed promptly to reflect the status of any risk.

To ensure sound business practices and an adequate and pro-active risk control framework within the team and work within authority.

To exercise judgement when reviewing proposals, either new or renewals.

Maintain up-to-date and orderly files, and ensure documents are saved and files are passed on to the others in accordance with Company Rules and Procedures.

Work closely with Finance and Technical Processing department in resolving accounting and technical queries.

Provide and gather information to and from Clients, Underwriters, Brokers, and Technical Processing Colleagues as required.

Manage and undertake assigned project work to time scales as directed.

Evaluate workflow system and policy status and report on regular basis.

Facilitate KYC compliance checks as relevant.

Calling on prospects and clients for new business opportunities.

Maintain proper meeting and call records.

**Client Service**:
Understand the insurance cover of each client and provide pro-active service to expedite the production of policies, liaising between all parties and actively chasing information.

Deal with all client queries in a timely and professional manner.

Escalate any potential problems to Division Head / Directors and senior managers at the earliest opportunity.

**Representing Ed**:
Champion the Ed name and core values.

Represent Ed with clients, agents, suppliers and other organisations.

**Compliance**:
Comply with relevant legal, regulatory and Ed & Group compliance requirements, E&O compliance procedures and quality initiatives.

Escalation of any potential E&O's to Division Head / Directors and senior managers at the earliest opportunity.

Ensure completion of all mandatory Company training and to deadline.

**Others**:
Coordinate for events and conferences.

Perform any other duties as assigned.

**Knowledge Required**:
Good understanding and knowledge of general (re)insurance and relevant legal principles.

Good understanding of the Company’s internal procedures and practices.

Certification in General Insurance (CGI) or any equivalent professional qualification as required.

**Essentials**:
Degree holder or equivalent.

At least 2 years of relevant broking experience.

Ability to prioritise and organise own workload.

Ability to work under pressure without supervision.

Collaborative team working approach.

Ability to work with employees at all organisational levels.

Ability to develop and sustain relationships with both internal and external parties.

Strong negotiation and influencing skills.

Accurate and attentive to detail.

Good written and verbal skills.

Proficiency in Microsoft



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