Assistant Vice President, Asia Construction & Engineering Division

Allied World; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

A global insurance provider is seeking an Assistant Vice President in Singapore to manage underwriting of construction projects. This role involves analyzing risks, engaging with stakeholders, and driving business development. The ideal candidate has an engineering background and significant experience in construction underwriting. Competitive benefits and a supportive team environment await you.

Benefits

Structured coaching program

Access to learning and development tools

Global network of colleagues

Qualifications

• Minimum 5 years of experience in underwriting major construction projects.
• Expertise in standard market wordings and relevant experience in Asian markets.
• Self-motivated, well organized, and a good team player.

Responsibilities

• Responsible for general underwriting functions including pricing analysis.
• Perform extensive account analysis according to underwriting guidelines.
• Identify and pursue upselling and cross selling opportunities.

Skills

Strong communication skills

Business development capabilities

Attention to detail

Proficiency in MS Suite

Education

Engineering degree (civil or mechanical)

Job description

Job Description - Assistant Vice President, Asia Construction & Engineering Division (2500004Z)

Job Summary

This position is responsible for underwriting a diverse book of business by employing the methods necessary to meet projected profitability, GWP and expense goals. The role supports the growth of the overall portfolio of business within the appropriate underwriting discipline/guidelines, marketing and servicing of existing and potential clients.

Job Duties

• Responsible for general underwriting functions including submission reviews, pricing analysis, setting of terms and conditions.
• Performing extensive account analysis according to underwriting guidelines, including thorough review of underwriting application and submission, research, requested terms and conditions, underlying policy forms and wordings and liaising with other departments to establish full understanding of risk exposures.
• Performing insurance technical risk analysis including rating models, NATCAT models and policy wording.
• Taking an active role in the development of business in Asia and Asian interests abroad, exploring opportunities and marketing predominantly out of Singapore and Hong Kong.
• Proactively identifying and pursuing upselling (add-ons) and cross selling opportunities to maximise profitable revenue potential from new and renewal business and achieve agreed business targets.
• Liaising with Claims Department on any specific claim activity and overall market claim concerns which could potentially affect profitability.
• Delegating (and supervising) of work to Underwriting Operations Assistants or Assistant Underwriters as appropriate.
• Supporting the departmental Regional Head in setting strategic goals, setting budgets and producing regular Management Information.
• Maintaining underwriting files in an orderly and consistent manner and in accordance with the underwriting guidelines.
• Other duties as may be assigned.

Qualifications

Knowledge, skills and abilities:

• Engineering degree (civil or mechanical) with insurance qualifications (ACII, ANZIIF etc) would be an advantage.
• Minimum 5 years’ experience in underwriting major construction projects, with expertise and in-depth working knowledge of standard market wordings, endorsements and relevant experience in Asian markets.
• Strong communication and interpersonal skills to engage with and present to stakeholders and build strong working relationships.
• Strong marketing and business development capabilities with commercial acumen to influence and negotiate with different stakeholders.
• Attention to detail and proficiency in MS Suite are essential.
• Self-motivated and well organised; result driven and a good team player.

Working at Allied World

Our team of over 1,500 professionals has deep expertise in the industry. They enjoy their work, and many have served for several years. This is what you can expect when you join us:

• Instant membership in the Allied World Family — a global network of colleagues who will support your career journey
• A manager who will help you build your career through a structured coaching program
• Access to a full suite of learning and development tools and resources

Global Presence

We are headquartered in Bermuda, with offices in Atlanta, Boston, Brisbane, Chicago, Costa Mesa, Dallas, Dublin, Farmington (CT), Hong Kong, London, Los Angeles, Malaysia, Melbourne, Miami, New York, Philadelphia, San Francisco, Singapore, Sydney, Toronto and Zug.

Our Business

Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings Limited, and benefit from a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways.

Allied World is an equal opportunity employer. Subject to applicable law, all qualified applicants will be considered for employment without regard to race, color, religion or belief, gender, age, disability, military service, marital or civil partnership status, family status, sexual orientation, ethnic or national origin, genetic information or any other characteristic protected by applicable law or regulation in the relevant jurisdiction where we operate.