Deputy Class Underwriter - Power

CHAUCER SINGAPORE PTE. LIMITED; Singapore; On-site; SGD 120,000 - 190,000; Full time

Job summary

Chaucer Singapore Pte. Limited is seeking an experienced Power Underwriter to drive profitable growth within its Global Energy Practice.

You will underwrite conventional power risks and renewals in APAC and MENA, aligning with syndicate strategy and market guidelines, while collaborating with the Singapore team and London-based underwriters. Essential experience includes 5–10 years in underwriting or broking for conventional power, and knowledge of Lloyd’s markets.

Qualifications

• Proven underwriting or broking experience in Conventional power; Singapore market knowledge.
• Minimum 5–10 years' underwriting experience in power.
• Knowledge of Lloyd’s and/or Company Market; understanding of conventional power insurance practices.

Responsibilities

• Develop new and renew conventional power risks in APAC/MENA per strategy.
• Collaborate with Singapore Energy practice and London underwriting guidelines.
• Perform risk, slip, wording and rating analysis; monitor premiums.
• Analyze PML and aggregation with the exposure management team.
• Monitor renewal risks and claims developments; prepare reports.

Skills

Underwriting knowledge

Communication skills

Interpersonal skills

Teamwork

Microsoft Excel

Office 365

Copilot

Education

Degree holder

GCSE Maths B

3 A Levels

ACII or CPCU

Tools

Copilot

Microsoft Excel

Office 365

Teams

Job description

Job summary

The conventional Power Underwriter plays a crucial role within Chaucer’s Global Energy Practice in driving profitable growth, participate in a dynamic energy underwriting environment and contribute to the team delivering its business plan.

Main duties

• Develop new and underwrite renewal risks primarily in conventional power within APAC and MENA region accordance with the syndicate and Divisional Strategy and Business PlanSecondaryclass of business – Renewable Energy (construction and operation of on/offshore solar and wind, BESS, operation of geothermal, hydro power plants, biomass/biogas plants).
• Work as an integral part of the Singapore Energy practice (which comprises of Natural Resources, Renewables and Power), create business synergies and work in close cooperation with London within underwriting guidelines and risk appetite.
• Perform risk, slip, wording and rating analysis, undertake premium monitoring
• Perform pml and aggregation analyses in conjunction with the exposure management team
• Monitor risks written and due for renewal.
• Monitor claims development
• Prepare reports and statistical information as required by the underwriters.
• Assist with the developments and enhancements of underwriting systems where applicable, e.g. new and/or enhanced benchmarking models, etc.
• Liaise with brokers and develop good working relationships with broking and support teams.
• Ensure compliance with and maintenance of internal systems.
• Liaise with other business areas within Chaucer as required including credit control, claims, internal risk review, actuarial etc.
• Assist in the preparation of files for peer review & liaise with peer reviewer as and when required.
• Use market, industrial and other sources to enhance awareness of technical factors and developments relevant to portfolio underwriting and the oil & gas, and renewable energy industry generally.
• Attend market risk presentations and market body meetings as and when required
• Business travel as and when necessary
• Strive to achieve personal objectives as set out by the Team Lead
• Compliance with Lloyd’s, Chaucer and MAS regulations and bylaws.

Regulatory responsibilities

• Manage the relationships with Customers, Agents and Service Providers:
• Advise, assist and service customers on insurance and risk matters to promote customers’ satisfaction;
• Foster positive relationships with Customers and attain an understanding of their needs;
• Ensure that Customer Complaints are promptly identified, recorded and referred as appropriate; and,
• Ensure that the principles of Treating Customers Fairly are upheld by Agents and Service Providers.

Our requirements

Relevant experience

Essential

• Proven underwriting or broking experience in Conventional power with good understanding of Singapore insurance market. Minimum of 5-10 years' experience
• Knowledge of the Lloyd’s & / or Company Market
• Knowledge of conventional power insurance practices and procedures

Desirable

• Knowledge of renewable energy both construction and operation insurances.
• Electrical/Mechanical Engineer training;
• Powerplant working experience

Technical skills

• Confident and good communication skills to collaborate with colleagues and external stakeholders.
• Microsoft office packages
• Good knowledge of MS Excel. office365, Teams
• Knowledge of Copilot

Education& Experience

Essential

• Degree holder from recognised universities
• GCSE Maths grade B or above
• Minimum of 5other GCSE’s grade C or above
• 3A Levels (A-C)

Desirable

• ACII or equivalent (CPCU or ARM)
• Range of outside courses to be considered, as may be required

Personal skills

• Well-presented and business-like
• Professional outlook
• Flexible at all times
• Very good interpersonal skills
• Excellent organisational skills
• Excellent communication skills with the ability to liaise at all levels
• Work as part of a team
• Adapt to a pressured environment
• Self-motivated
• Capable of working to a timetable when required