Manager, Reinsurance

19 hours ago

Singapore HYPERSCAL SOLUTIONS PTE. LTD. Full time $90,000 - $120,000 per year

COMPANY DESCRIPTION

A leading general insurer with a local presence of over 100 years, MSIG Singapore offers an extensive range of insurance solutions for commercial and personal risk protection, enabling the security and safety of individuals and businesses. MSIG Singapore holds an A+/Stable financial rating by Standard & Poor's.

A testament to its growing strength and influence, MSIG Singapore has garnered numerous awards for delivering digitally innovative and customer-centric solutions. In 2023, 2022 and 2020, MSIG Singapore was awarded Insurance Asia Awards' Claims Initiative of the Year.

MSIG is a subsidiary of Mitsui Sumitomo Insurance Co., Ltd, and a member of the MS&AD Insurance Group - one of the largest general insurance groups in the world with presence in 50 countries and regions globally, 18 of which are in Asia Pacific including all ASEAN markets as well as in Australia, New Zealand, China, Hong Kong, Taiwan, South Korea and India. Headquartered in Japan, MS&AD is amongst the top non-life insurance groups in the world based on gross revenue.

RESPONSIBILITIES

  • Assist HOD in managing the activities of the Reinsurance Department in line with Company's Policies and Business Plans.
  • Assist HOD to review and implement the Company's Reinsurance Programme.
  • Attend to risks requiring reinsurance by effecting treaty cessions and/or outward facultative placements in accordance with guidelines laid down under the Company's Risk Management policy and Reinsurance programme.
  • Maximise retention of risks to increase Net Written Premium as a percentage of Gross Written Premium through sound assessment of the risks, underwriting information and risk survey reports.
  • Handle all matters relating to Reinsurance Facultative Outwards Business and Facultative inwards business. Ensure Reinsurance documentation is handled properly.
  • Assist in the compilation of yearly treaty renewal information and requests.
  • Assist HOD in continual Process Health Checks. Compliance with ICP procedures to ensure maximum efficiency and effectiveness in work processes within the Reinsurance Department.
  • Provide a technical reference point for queries from Business Units, Claims, Finance and Reinsurers. Assist in training of less experienced staff.
  • Ensure compliance with all laws, regulatory provisions and Group policies as are relevant to the role
  • Monitor reinsurers' rating status and exposures.
  • Undertake any other duties as may be assigned.

QUALIFICATIONS

  • Minimum tertiary education with minimum professional insurance qualification in ANZIIF or equivalent

OTHER INFORMATION

  • Operations experience in general insurance environment
  • Facultative Outward placement experience
  • Technical reinsurance support
  • Sound knowledge in underwriting, reinsurance and risk management
  • Relationship management with reinsurers
  • Good communications skills

Please note that your application will be sent to and reviewed by the direct employer - MSIG Insurance (Singapore) Pte Ltd

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