Assistant Underwriter

1 week ago

Singapore NEWLINE ASIA SERVICES PTE. LTD. Full time

**Assistant Underwriter - Korean Market Development**

**Reports To CEO**

**About the Company**:Newline Group is part of Odyssey Re Holdings Corp., whose companies are collectively known as OdysseyRe. We are one of the world’s leading providers of reinsurance and specialty insurance with a network of more than 35 offices in 13 countries. OdysseyRe is wholly-owned by Fairfax Financial Holdings Limited.

**Overview of Role**:Support the team in the administering and underwriting of the Korean Casualty portfolio primarily

**Main Areas of Responsibility**
- Assist/underwrite the portfolio in accordance with Underwriting Policy and under guidance of the Underwriters where applicable
- General administration of the account, ensuring all systems are kept up to date
- Ensure that rating tools as well as all vendor models at disposal are used as appropriate for the purpose of making an underwriting decision

Ensure that proposed contract wordings are fully reviewed and comply with the team’s underwriting policy/stance
- Ensure that all underwriting decisions are supported by adequate documentation, including written evidence of referral where appropriate
- Marketing and representation of Newline during trips and functions
- Maintain and develop broker and client relations
- Assist the team in the production of periodic reports on aggregate exposure, capacity usage, stress test and quarterly reserving
- Liaise with other Underwriting departments, Actuarial, Claims, Compliance and Accounting
- Liaise with other Newline offices regarding common underwriting issues
- Assist the team in training new recruits if applicable

**Required Skills and Levels of Competence**
- Works effectively within a team.
- Has a willingness to learn, develop and take on responsibilities within the team
- Is prepared to take ownership of tasks and ensure a successful outcome
- Is highly self-motivated with the ability to work independently
- Good communication skills
- Analytical thinker who demonstrates sound judgement and decision making
- Produces consistently high standard of results with strong attention to detail
- Takes the initiative to tackle problems and improve processes
- Has strong organisational skills with the ability to prioritise work
- Abides by the Fairfax Guiding Principles

**Qualifications**
- A Level
- CII qualified or with significant progress towards completion
- A minimum of 2 years’ experience, with recent experience in an underwriting role
- Knowledge of and experience working in the Korean insurance/reinsurance market with proficiency in English and Korean given the markets covered

**Salary range**

SGD60k - SGD 90k

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