Commercial Lines Underwriter - Drive Growth & Risk

Singapore College of Insurance Limited; Singapore; On-site; SGD 50,000 - 70,000; Full time

Job summary

Singapore College of Insurance Limited is seeking an Underwriter in the Commercial Distribution Division. The role involves underwriting for commercial classes to support revenue growth and customer satisfaction.

You will collaborate with Division Head on achieving underwriting premiums and perform various operational duties including preparing insurance summaries and engaging in sales campaigns. Applicants should be prepared to assist in transformative processes aligning with the Company's objectives.

Responsibilities

• Assist Division Head to achieve gross underwriting premium and profit set by the Company.
• Evaluate, underwrite and quote risks for commercial classes.
• Prepare insurance summaries, renewal invites, and business reports.
• Engage in operational duties like issuance of cover notes and certificates.
• Conduct sales and awareness campaigns with relevant intermediaries.

Job description

About the job Underwriter (Commercial Lines)

As an Underwriter in the Commercial Distribution Division, you will be responsible for providing exceptional service to support revenue growth and to achieve customer satisfaction. This includes servicing support to grow new customers, to retain existing customers and to drive transformation process in line with the Company's objectives.

Key Responsibilities / Duties

• Assisting Division Head to achieve gross underwriting premium and profit set by the Company.
• Evaluating, underwriting and quoting risks for commercial classes in line with Company's underwriting guidelines and treaty programme.
• Placing facultative reinsurance and ensure contract certainty documentation is fulfilled.
• Preparing insurance summaries, renewal invite and actively working with agents and FA in pursuing renewable business to achieve high persistency targets.
• Performing additional support duties, such as presentation to clients, claims and underwriting analytics, insurance schematics, issuance of cover notes, certificates of insurance, instructions for issuance of policies and preparation of monthly business reports.
• Assisting Divisional Head in conducting sales and awareness campaigns to the relevant intermediaries, as appropriate.
• Co working with corporate finance in ensuring premiums are collected within the premium warranty framework.
• Engaging in operational duties, such as issuance of cover notes, certificates of insurance, instructions for issuance of policies and preparation of monthly business reports.
• Undertaking any other assignments as allocated by the Division Head, Strategy Transformation Office and the CEO to contribute to the overall corporate objectives.