Broker, Property

PRICE FORBES BROKING (ASIA) PTE. LTD.; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

A leading insurance brokerage firm in Singapore is looking for a skilled professional to manage and grow Direct and Facultative Property portfolios while ensuring compliance with regulations. The ideal candidate should have extensive experience in direct and facultative property insurance and a strong leadership background. Excellent communication skills and the ability to manage relationships are essential for this role, which also provides opportunities for professional growth.

Qualifications

• Experience in placing, managing, and servicing Direct and Facultative Property insurance contracts across Asia.
• Previous experience in a leadership role, demonstrating ability to lead a team.
• Excellent written and verbal communication skills are essential.

Responsibilities

• Manage and grow Direct and Facultative Property portfolios.
• Identify new business opportunities.
• Ensure compliance with legal and regulatory requirements.

Skills

Brokerage

Reinsurance

Know Your Client - KYC

Property

Client servicing

General Insurance

Ability to Prioritize

Education

Compliance with MAS502 as an Insurance Broker

Tools

Microsoft Office Suite

Job description

Roles & Responsibilities

Job Description

• Work closely with the CEO, CBO and Department Head to manage and grow the Direct and Facultative (D&F) Property portfolios, including production and placement activities.
• To identify and act upon new business opportunities which promote the profitable development of the business.
• To facilitate the prompt placement of D&F contracts in accordance with the client’s requirements and needs, in a timely manner in accordance with regulatory requirements.
• To provide quality service to clients covering all aspects of their D&F arrangements; to advise, arrange and secure the appropriate coverages including but not limited to :
• Management of existing property portfolio, including their renewals
• New business through organic and new channels
• Marketing, placement and servicing of risks
• To meet the financial and operational targets set for the department.
• Promote effective and regular communication across the wider business.
• Promote and ensure compliance with the Company’s Rules, Procedures and other management instructions, in particular with regard to :
• The conduct and recording of business
• Confirmations and evidencing of cover
• Recording and filing of all communications and discussions
• The safeguarding of client monies
• The escalation and reporting of breaches, errors & omissions, disputes and complaints
• Liaise with other departments to ensure a coordinated approach is adopted.
• Reporting to the line manager on a timely manner to update on the performance and ensure the line manager is made aware of :
• Any matter which might expose the Company to a claim, legal action or regulatory action / investigation.
• Any serious disciplinary cases.

Representing Price Forbes

• Champion the Price Forbes name and core values :
• Collaborative – we build on our own experience of innovation to push boundaries in partnership with clients.
• Tenacious – we are relentless and clear-sighted in our pursuit of new and ground-breaking ideas.
• Creative – we take a fresh perspective on risk, seeking new solutions to the trickiest questions.
• Open – we are open-minded and future-ready, and we embrace uncertainty.
• Represent Price Forbes with clients, agents, suppliers and other organizations.

Legal, Risk and Compliance

• Comply with relevant legal, regulatory and compliance requirements, E&O compliance procedures and quality initiatives.
• Escalation of any potential E&O's to Department Head / Directors at the earliest opportunity.
• Ensure completion of all mandatory Company training and to deadline.

Your scope of duties is not restrictive and may be expanded at the company’s discretion.

Regulatory Responsibilities / Knowledge Required

• To be aware with the detailed regulatory obligations imposed by Monetary Authority of Singapore (MAS).
• To ensure you are trained and competent to perform your duties to the required standard and in compliance with the Monetary Authority of Singapore (MAS) regulations.
• Detailed understanding and knowledge of general insurance and underlying legal principles.

Requirements / Skills Required

• Compliance with the requirements of MAS502, for the registration as an Insurance Broker.
• Experience placing, managing and servicing, both Direct and Facultative Property (re)insurance contracts across Asia and the Asia Pacific regions.
• Previous exposure to a leadership and management role(s), track record as a trusted team leader as well as a good team player.
• Ability to organize and delegate tasks effectively.
• Ability to prioritize and organize own workload to ensure that deadlines are adhered to and targets are met.
• Ability to work under pressure and to manage, lead, motivate and influence others.
• Excellent written and verbal communication skills.
• Ability to develop and sustain relationships with both internal and external parties.
• Confidence in representing the department or the company both internally and externally.
• Proficient computer skills, such as Microsoft suites, etc.

Tell employers what skills you have

Brokerage

Reinsurance

Know Your Client - KYC

Property

Documentation

Purchasing

client servicing

General Insurance

Team Leader

Team Player

Regulatory Requirements

Insurance policy

Insurance

Ability to Prioritize