Assistant Manager/Senior Executive, Facultative Reinsurance

MS First Capital Insurance Limited; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading company in the non-life insurance sector is seeking a skilled professional to join their operation leadership team. The role involves managing broker relations, underwriting cases, and ensuring compliance with regulations. The ideal candidate will have a Bachelor's degree and at least 5 years of experience in the General Insurance sector, with strong communication and collaboration skills. The company offers comprehensive training and a competitive compensation package.

Benefits

Comprehensive professional training

Sponsorship of professional qualifications

Friendly and collaborative culture

Competitive compensation package

Qualifications

• Min 5 years’ experience in non-life/General Insurance sector.
• Experience in commercial property/engineering insurances preferred.

Responsibilities

• Manage broker relations and expectations regarding underwriting.
• Underwrite allocated cases and ensure compliance with regulations.
• Supervise processing team for accurate transaction recording.

Skills

Communication

Time Management

Collaboration

Education

Bachelor’s degree in Management/Business Studies

Bachelor’s degree in Accountancy

Bachelor’s degree in Data Science

Bachelor’s degree in Actuarial Studies

Bachelor’s degree in Engineering

Bachelor’s degree in Mathematics

Bachelor’s degree in Statistics

Bachelor’s degree in Economics

Tools

Microsoft Office

Job description

For the past 75 years, MS First Capital has been actively involved in the non-life insurance business both in Singapore and across Asia. Our roots can be traced back to the 1950s where we engaged in writing both personal and commercial lines of non-life insurance business across various classes such as Fire, Engineering, Marine Hull, Marine Cargo, Bond, Professional Indemnity, Motor, Public Liability, Worker's Compensation, Personal Accident and other Miscellaneous Accident.

We are a reputable source of cutting-edge insurance options, catering to a diverse range of clients, both individuals and corporate. We are proud that our financial strength rating of 'A (Excellent)' with 'Stable' outlook has been reaffirmed by AM Best, given our consistently impressive financial performance.

This is a perfect gateway into the highly niche sector of non-life reinsurance, part of Singapore's bustling financial services sector. As a wholly-owned entity of the world-renowned Mitsui Sumitomo Insurance (MSI) Group, we are dedicated to developing young talents for our sector.

As a member of our operation leadership team, you can look forward to comprehensive professional training, sponsorship of professional qualifications, a friendly and collaborative culture and a competitive compensation package.

Responsibilities

• Manage ongoing broker relations and expectations in relation to underwriting, co-ordinating and ensuring the flow of relevant and timely information and communication between internal functions and external parties

• Contribute to managing and developing an agreed portfolio of accounts

• Negotiate with brokers/ customers to achieve favourable terms for the Company

• Underwrite allocated cases in line with the agreed processes with the necessary senior direction and support

• Make balanced and well-reasoned recommendation for acceptance of each case above one's authority

• Underwrite risks in accordance with the Company’s capacity and risk appetite

• Provide error-free documentation to brokers/cedants

• Ensure transactions are processed within the agreed timeframe

• Supervise and guide the allocated processing team to ensure timely and accurate recording of transactions

• Ensure compliance with all laws, regulations, and guidelines, including internal policies, rules and procedures

Requirements

• Min Bachelor’s degree ideally from the discipline of Management/Business Studies, Accountancy, Data Science, Actuarial Studies, Engineering, Mathematics, Statistics or Economics

• At least 5 years’ hands-on experience in the non-life/General Insurance sector in commercial property/ engineering insurances; prior working experience in the Reinsurance sector will be a definite advantage

• Compensation and job title offered to the final candidate will commensurate with his/her experience and fit for our role

• Team management experience but not critical

• Able to collaborate with colleagues of all levels and manage stakeholders’ expectations

• Proficient in Microsoft Office (Word/Excel)

• Good communication and organisation skills

• Good time management

We regret only shortlisted candidates will be contacted