Assistant Manager, Property and Casualty

6 days ago

Singapore Income Insurance Limited Full time $60,000 - $120,000 per year
Description

Description:

  • Responsible to develop Property & Casualty and Motor (Broker) business.
  • To manage, develop and growth a designated panel of intermediaries by assisting to retain existing business and generate new business opportunities with intermediaries. 
  • Underwrite and accept risks within the Underwriting guidelines and acceptance limit.   
  • Ensure that both target & underwriting growth are met as set out by Head of Section and /or Head of Department

Key Responsibilities include:

  • To provide quotations and negotiate terms with intermediaries to ensure the hit ratio is within satisfactory level.
  • Underwrite and accept risks within delegated authority as specified in Underwriting Guidelines, Treaty and Acceptance Limits to achieve effective implementation of business. 
  • To place facultative reinsurance outwards for risks exceeding Treaty capacity, and/or for the purpose of minimizing and spreading risk exposure 
  • To secure Special Acceptance approval from Treaty for potential accounts beyond Income's retention or Treaty's parameter
  • To assist Motor underwriters in business development for Brokers' channel. 
  • To constantly identify intermediaries with potential / business opportunities and build stronger rapport. 
  • To adhere to company rules & regulations, compliance and corporate governance to ensure no breach in daily business activities
  • Carry out market research by soliciting intermediaries' feedback, analyse competitors' packages and quotations, in consultation with Head of Section. 
  • To provide technical advice and trainings to intermediaries
  • To assist and work as a team with the Servicing team in securing the renewal accounts as & when required.
  • To assist to recruit and set up new broker account as and when required
  • Submission of instructions including follow-up of documents with Business Processing to ensure that service standard is met
  • Stand-in for administration works if required
  • Assist to backup colleagues if they are not available such as leaves & etc 
  • Guide intermediaries on the online Bix system including resolving issues, if any. 
  • Undertake other duties or projects assigned by Head of Section &/or Head of Department

Other competencies and traits:

  • Good team player and able to interact with both internal and external parties
  • Able to work under pressure and to make decision by offering solutions
  • Able to self-motivation to achieve high target set
  • Reliable and trustworthy person who can deliver when is expected and work within deadlines
  • Maintain good relationship with colleagues from other sections &/or department to ensure smooth workflow
  • Strong connection and/or close rapport with intermediaries 
  • Adequate in underwriting and products technical knowledge
  • Adapts well with constant changes/focus in the company 
  • Familiar with MS Office (Excel, PowerPoint, Word)
  • Service oriented with excellent communication, interpersonal and presentation skills
  • Degree/Diploma holder in any field
  • Candidates with insurance certifications CGI preferred
  • Have 1 to 2 years of working experience in the Commercial Lines Insurance industry in a similar capacity preferred

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