Underwriter (Marine Cargo/ Maritime, up to 7k) (ID:669212)

1 week ago

Central Region, Singapore PERSOL Full time $60,000 - $120,000 per year

Responsibilities include, but are not limited to, the following:

Underwriting

Assist the Head and work with own Team Leader and members to:

• Review and prepare underwriting / renewal information

• Prepare Marine Raters for discussion with Team Leader / Head.

• Underwrite simpler risk and maintain a profitable book of Marine Cargo business.

• Prepare quotation slips after finalization with Team Leader / Head

• Attend to queries or mid-term changes from existing accounts

• Liaise with intermediaries and follow up on new quotations and renewals

• Ensure timely and proper passing down of instructions to Policy Administration with the required information/ documentation.

• Ensure that sanction checks are conducted.

• Handle the checking of policies and broking slips

• Update and maintain the records, schedules, statistics, etc.

• Assist the Head, own Team Leader to compile, analyze and prepare monthly reports required for monthly meetings and business reviews.

• Ensure that an acceptable pricing and terms is dertermine within own underwriting authority and underwriting guidelines, on new business and renewals.

• Ensure acceptable loss ratio through coordinating account stewardship process, loss control activities, tracking and following up on large claims and related activity as required.

• Ensure evaluation of facultative reinsurance needs and coordination as necessary within company underwriting and risk control guidelines.

• Stay current on competition, underwriting environment, and market conditions and to share findings and updates with all members of the team as appropriate.

Requirements:


• Minimum 8 years' experience in Marine insurance underwriting with direct intermediary engagement / technical underwriting.

• Good knowledge of Marine insurance operations, underwriting procedures and understanding in Marine Cargo classes, products and policy wordings.

• Good understanding of risk assessment, laws and legislation in relation to the marine insurance industry.

• Experienced leading a small team.

Interested candidates who wish to apply for the advertised position, please click on "Apply". We regret that only shortlisted candidates will be notified.

EA License No.: 01C4394 (PERSOLKELLY Singapore PTE LTD)

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