AVP, Property and Casualty Product Development

5 STONES HRM PTE. LTD.; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading HR management company in Singapore is seeking an experienced professional to develop and implement their Property & Casualty business strategy. The successful candidate will oversee product development, liaise with various business units, ensure compliance with regulatory provisions, and mentor junior underwriters. Strong negotiation skills and experience in the Property & Casualty insurance sector are essential for this role, which offers competitive compensation and opportunities for professional growth.

Qualifications

• Experience in Property & Casualty insurance sector.
• Strong negotiation and underwriting skills.
• Ability to mentor junior underwriters.

Responsibilities

• Develop and implement Property & Casualty business strategy.
• Liaise with BUs on referral accounts.
• Ensure prudent technical underwriting and compliance.

Job description

Job Description

• Develop and implement Property & Casualty (which includes Engineering, Construction, Bonds) business strategy, initiatives and plans; responsible for both the Topline and Bottomline of the P&C segments. This also includes product development, review of policy wordings and underwriting/Treaty guidelines, P&C platform development (if any) and management of distribution of P&C products and services across all distribution channels
• Liaise with BUs on referral accounts and prepare referrals to MA/HO/Treaty/CEO for approvals
• Ensure that reasonable TAT is achieved for the account to be replied to the BUs
• Ensure that prudent technical underwriting is conducted as well as balancing the business aspects of securing the accounts.
• Collaborate with Governance, Reinsurance, Actuarial and Claims teams to manage loss ratios
• Negotiate, underwrite, accept all accounts within RAA/RAG
• Develop and mentor other more junior underwriters / BUs and explain the decision taken for the accounts.
• Market engagements with the industry
• Ensure compliance with all laws, regulatory provisions and Group policies as are relevant to the role
• Undertake any other duties as may be assigned