Broking Support

7 days ago

Singapore UIB ASIA REINSURANCE BROKERS PTE. LTD. Full time $90,000 - $120,000 per year

Overall Role:

The ideal candidate should have a minimum of 5 years of experience in handling broking documentations within the reinsurance broking industry, along with relevant insurance certifications as per MAS 502 requirements. This role offers an exciting opportunity to work collaboratively with our broking team, supporting various facets of the treaty reinsurance process. With a commitment to excellence and client satisfaction, we are dedicated to delivering high-quality services to meet these objectives.

Objectives:

To raise the standards and profile of the support team with the goal of delivering high quality service to our clients and reinsurers. To support the brokers together with the other broking support team members in the administration of business relating to placements and servicing of treaty business. This entails training the junior team members and ensuring the team achieves a standard of technical competency. Co-ordinate the delivery of Broking solutions to the clients, create consistency around the broking activities for the team.

Key Accountabilities/Core Competence Indicators (not exhaustive listing):

Pre-Renewal Preparation / Service

  • Follow-up on emails from brokers and colleagues requesting for renewal information.

  • Verification that all information received from clients is in order.

  • Preparation of renewal information package for brokers.

  • Maintain broking files and documents (physical and electronic files, emails, etc.)

  • Preparation of Slips / Cover Notes for brokers to verify.

  • Maintain marketing and placement sheets.

  • Work with brokers on signed lines to achieve contract certainty.

  • Assist the brokers with business travel and meeting arrangements.

Post Renewal Preparation / Service

  • Finalise slips that will be sent to the Reinsurers.

  • Cover Notes prepared for all confirmed contracts.

  • Monitor the return of all counter-signed Reinsurer and Reinsured signing pages.

  • Update NetReibs broking system correctly and efficiently.

  • Prepare brokerage reports for brokers to check and confirm.

  • Prepare Endorsements and Addendums when required.

  • To inform the Technical Accounts Division once XOL contracts are ready for invoicing (Brokers to second-check Invoices and confirm to Technical Accounts).

  • To maintain proper records for all Special Acceptances.

  • To assist brokers in preparation of any reports required by them or management.

Generic Knowledge and Skills Required

  • Possess knowledge in administrative work relating to Treaty reinsurance (with at least 5 years of experience in treaty reinsurance).

  • Obtained Certificate of General Insurance (CGI) or any other insurance related qualifications, certifications according to MAS 502 requirements.

  • Have a keen eye for details and accuracy.

  • Able to draft Slips / Cover Notes.

  • Possess knowledge on Contract wordings and market norms / requirements.

  • At all times behave in a way that upholds and promotes the good name and reputation of UIB Group.

  • Deal honestly and fairly with colleagues, clients, and others within the insurance profession.

  • Take responsibility for own learning and development. Keep up to date with best practice and legal developments relating to your own field of expertise. To meet all external and internal training requirements.

  • Able to work independently and in a team.

  • Works with professionalism and business etiquette.

  • Good skills with individual application in Microsoft Office Suite (Word, Excel, PowerPoint and Outlook).

  • Able to work under pressure with efficient time management.

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