Financial Lines Underwriting (Senior Executive) (Up to $6.5k) (ID: 675173)

PERSOLKELLY Singapore Pte Ltd (Formerly Kelly Services Singapore Pte Ltd); Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading company in the insurance sector is seeking an Underwriter to manage and underwrite risks, engage with intermediaries, and ensure compliance with underwriting standards. The ideal candidate will have a minimum of 3 years of experience in general insurance, preferably in Financial Lines, and possess a strong understanding of insurance operations and risk assessment.

Qualifications

• Minimum 3 years experience in general insurance, preferably Financial Lines.
• Direct intermediary engagement and underwriting support experience required.
• Understanding of laws and legislation in the general insurance industry.

Responsibilities

• Underwrite simple and mid-complexity risks.
• Liaise with intermediaries for quotations and renewals.
• Compile and prepare monthly reports for business reviews.

Skills

Knowledge of insurance operations

Underwriting procedures

Risk assessment

Job description

Responsibilities include, but are not limited to, the following:
Assist the Head and work with Team Leader and members to:

• Underwrite simple and (subject to experience and technical expertise) mid-complexity risks

• Attend to queries or mid-term changes from existing accounts

• Liaise with intermediaries and follow up on new quotations and renewals

• Ensure timely and proper passing down of instructions to Policy Administration with the required information / documentation.

• Ensure that sanction checks are conducted.

• Handle the checking of policies and broking slips

• Update and maintain the records, schedules, statistics, etc.

• Assist the Head, Team Leader to compile, analyze and prepare monthly reports required for monthly meetings and business reviews.

• Develop, maintain and deepen relationships with intermediaries in support of business retention and acquisition and works with customers and distributors (agents & brokers) to determine their insurance related needs and provide solutions.

• Maintain service standards by timely response to intermediaries’ requests and timely receipt of collateral and agreements in addition to meeting deadlines on submissions of quotations, certificates and/or policies.

• Adopt practices to ensure rigorous screening via our KYC process.

Job Requirement

• Minimum 3 years experience in general insurance (preferably Financial Lines) with direct intermediary engagement / underwriting support / technical underwriting.

• Knowledge of insurance operations, underwriting procedures and understanding in policy wordings.

• Understanding of risk assessment, laws and legislation in relation to the general insurance industry and preferably within Financial Lines.

Interested candidates who wish to apply for the advertised position, please click on “Apply”. We regret that only shortlisted candidates will be notified.
EA License No.: 01C4394 (PERSOLKELLY Singapore PTE LTD)
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