Reinsurance - Underwriting Assistant

1. Purpose
- The role holder is a member of the MS Amlin Underwriting Limited (MS AUL) Reinsurance and is responsible for ensuring the effective delivery of the vision and the strategy for the MS Amlin Asia Pacific (MS AAP) Reinsurance team in relation to specific portfolio(s) and / or markets to an agreed authority level.
- The purpose of the role is to assist the Underwriters’ with system entries, credit control, provide full administrative support and to undertake any ad-hoc project work that may be required.
- They will look to learn the basic concpets of underwriting through the structured SCI training as well as on the job training and mentoring from senior members of the team.
- The role will lead to the role holder eventually assisting and helping to underwrite profitable risks within the Singapore Reinsurance team, in order to retain and grow allocated or new accounts in line with the business plan.
- 2. Key Result Areas.
- Underwriting
- Assist generating and managing business on a client relationship basis for specific portfolio and product groups and platforms within MS AAP Reinsurance
- Regularly check risks are written within agree parameters and running the necessary reports.
- Alignment to and delivery of tactical client intimacy initiatives within the portfolio(s), markets and product forum.
- Undertake analysis of the portfolio to identify business opportunities, products and clients, ensuring a robust business case.
- Undertake sound market analysis and target potential new clients, brokers and products
- Ensure that credit control related queries are responded to in a timely manner
- Enter all of the premium and risk details on to the underwriting system, ensuring high levels of accuracy;
- Ensure that all risk documents are scanned on to the underwriting workflow system and indexed accurately and in a timely manner;
- Manage individual and group work baskets ensuring that all items are processed efficiently and in good time
- Monitoring / assisting with the generation of tax invoice / debit notes
- Assisting claims team with premium status check
- Upkeep of spreadsheets and relevant documents
- Data entry for rating tools.
- Reporting
- Run MicroStrategy reports as required;
- Produce and maintain MS Excel schedules as required.
- Management Information
- Ensure the risk entry system is maintained
- Ensure the rating guide is maintained
- Produce appropriate and accurate class reports as necessary
- Analyse quarterly figures and produce necessary projections to identify reserving necessary
- Review underwriting figures on a regular basis in order that unusual trends and / or adverse movements may be dealt with by appropriate action
- Monitoring
- Monitor premium payments
- Review underwriting figures on a regular basis in order that unusual trends and / or adverse movements may be dealt with by appropriate action
- Remain alert to developments affecting the business of the class, the potential profitability of the class and opportunities for the class, and to report on such matters, as appropriate, to the Lead Underwriter
- Remain alert to developments affecting the business of the SBU, and in particular the efficient management of the section. Report on such matters, as appropriate, to the Underwriters’ or the Underwriting Management;
- Participate in the monitoring of premium payments and liaise with Brokers and CRT where necessary;
- 3. The Operating Environment and Context of the Job
- In an increasingly competitive market, it is vital for us to differentiate ourselves in all segments and routes to market. MS Amlin operates within a dynamic and challenging environment over multiple territories across the globe, where it is a leader in a number of markets. Key to our success is ensuring that we drive client intimacy through the alignment of resources to respond to the ever-changing needs of our clients, while ensuring we maintain an ongoing focus on delivering profitable underwriting. This entails having a true understanding of the needs and behaviours of our clients, deepening our relationships with them and delivering MS Amlin’s global expertise at the point of client contact. Whilst conducting our business it is always of importance that we balance the outward facing business needs with the internal regulatory requirements which must be adhered to within each operating entity.
- 4. Key Competencies
- Job Specific
- Proficient computer user with intermediate Word and Excel skills
- Time management
- Ability to multitask
- Personable
- Able to develop professional relationships
- Customer Focus
- Compliance with procedures
- Generic
- Relevant and strong administrative and data entry skills
- Basic understanding of insurance terminology and a plus point for marine knowledge
- Demonstrate ability to take initiative and be proactive
- Team worker and collaborator
- Excellent attention to detail

5. Cultural Behaviours

The behaviours that the job holder must exhibit for desired