Senior Executive

**Insurance Program Management**
- Support the management of the organization’s insurance portfolio, including procurement and management of insurance policies.
- Stay updated with regulatory changes and adjust insurance coverage or risk practices accordingly.
- Ensure insurance coverage is adequate and relevant to organizational needs.
- Conduct periodic reviews of insurance policies to ensure they remain aligned with organizational risk profiles.
- Liaise with brokers, underwriters, and legal teams to negotiate insurance terms and premiums.
- Collaborate with brokers to perform detailed risk evaluations, customise insurance plans.
- Monitor insurance budgets and track premium costs, claim payouts, and potential future liabilities.
- Support forecasting and financial analysis related to insurance and risk management.
- Assist in developing cost-saving strategies in insurance premium negotiations

**Claims Management**
- Manage the end-to-end process of insurance claims, including the submission of claims and liaising with insurers to ensure prompt settlement.
- Review and analyze claims to identify trends and recommend actions to minimize future claims.
- Ensure all claims are properly documented, and follow-ups with insurers are conducted in a timely manner.
- Prepare risk management reports, including risk exposure, insurance coverage, and claims performance for senior management.
- Conduct internal audits of risk management processes and insurance policies to ensure full statutory compliance.

**Risk Assessment and Management**
- Collaborate with business units to identify potential risks, conduct comprehensive risk assessments and documentation of risks across the organization
- Support the development of risk mitigation strategies and monitor their effectiveness.
- Collaborate with internal and external stakeholders to implement appropriate insurance solutions to cover identified risks.
- Perform risk review of contracts, new business scope and major projects.
- Support the development and revision of risk management policies and procedures to ensure alignment with industry regulations and regulatory requirements.
- Prepare regular reports on risk exposure, insurance coverage, and claims analysis for senior management.

**Training and Awareness**
- Conduct workshops and develop educational materials to enhance organizational awareness of insurance and risk management practices, ensuring compliance.

**Stakeholder Management**
- Maintain relationships with internal stakeholders to align insurance and risk management with organizational goals, while serving as a point of contact for insurance inquiries and supporting stakeholders in risk management processes.

**Crisis Management**
- Coordinate crisis response efforts by collaborating with stakeholders and establishing communication channels for real-time updates and decision-making.

**Others**
- Undertake any assigned projects / duties directed by Management (if any)

**Job Requirements**:

- Knowledge of Singapore’s regulatory environment and industry best practices.
- Detail-oriented, resourceful, and adaptable to changing environments, thorough risk assessments and compliance with regulations.
- Proficient in use of MS Office Applications / Microsoft Power Platform Applications
- Professional certifications in risk management or insurance (e.g., ARM, CPCU) are an advantage
- Ability to articulate concepts in clear and relevant manner to the target audience.
- Excellent facilitation, collaboration, meticulous, interpersonal, analytical, research, problem-solving and resourcefulness skills.
- Ability to effectively plan, organize and prioritize to manage tasks, resources and deadlines.
- Self-starter and able to perform multiple tasks independently and as a team player.
- Ability to understand workplace engagement, maintain confidentiality and professionalism.
- Commitment to ongoing learning and self-improvement, with a focus on driving results through new skills and knowledge.

**Professional Qualifications & Relevant Experience**:

- Diploma/Bachelor’s degree in Business Administration, Finance, Accountancy, Risk Management, or a related field
- 3-5 years of experience in insurance, risk management, or related fields is required. Experience within the supply chain industry or in a corporate risk management role is preferred