Marine Cargo Underwriter (Insurance, up to $7k) (ID: 669212)

PERSOLKELLY Singapore Pte Ltd (Formerly Kelly Services Singapore Pte Ltd); Singapore; On-site; SGD 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a Marine Underwriter to join their dynamic team. This role involves reviewing and preparing underwriting information, engaging with intermediaries, and maintaining a profitable portfolio of Marine Cargo business. The ideal candidate will have a solid background in Marine insurance underwriting, with at least four years of experience and a strong understanding of underwriting procedures. This is a fantastic opportunity to contribute to a leading firm in the insurance sector, where your expertise will help shape the future of Marine insurance solutions. If you are passionate about the industry and ready to take on new challenges, this role is perfect for you.

Qualifications

• Minimum 4 years’ experience in Marine insurance underwriting.
• Knowledge of underwriting procedures and Marine Cargo products.

Responsibilities

• Review and prepare underwriting and renewal information.
• Underwrite simpler risks and maintain a profitable book.
• Compile and prepare monthly reports for business reviews.

Skills

Marine insurance underwriting

Risk assessment

Policy documentation

Client liaison

Education

ACII

ANZIIF

Bachelor’s Degree in Insurance

Diploma in Maritime

Job description

Responsibilities:

Underwriting

Assist the Head and work with own Team Leader and members to:

1. Review and prepare underwriting / renewal information.
2. Prepare Marine Raters for discussion with Team Leader / Head.
3. Underwrite simpler risks and maintain a profitable book of Marine Cargo business.
4. Prepare quotation slips after finalization with Team Leader / Head.
5. Attend to queries or mid-term changes from existing accounts.
6. Liaise with intermediaries and follow up on new quotations and renewals.
7. Ensure timely and proper passing down of instructions to Policy Administration with the required information / documentation.
8. Ensure that sanction checks are conducted.
9. Handle the checking of policies and broking slips.
10. Update and maintain records, schedules, statistics, etc.
11. Assist the Head and own Team Leader to compile, analyze, and prepare monthly reports required for meetings and business reviews.
12. Ensure that acceptable pricing and terms are determined within own underwriting authority and guidelines for new business and renewals.
13. Ensure acceptable loss ratio through account stewardship, loss control activities, and tracking and following up on large claims and related activities.
14. Evaluate facultative reinsurance needs and coordinate as necessary within company underwriting and risk control guidelines.
15. Stay current on competition, underwriting environment, and market conditions; share findings and updates with team members as appropriate.

Requirements:

1. ACII, ANZIIF or Bachelor’s Degree/Diploma in Insurance, Business, or Maritime with CGI.
2. Minimum 4 years’ experience in Marine insurance underwriting with direct intermediary engagement / technical underwriting.
3. Knowledge of Marine insurance operations, underwriting procedures, and understanding of Marine Cargo classes, products, and policy wordings.

Interested candidates who wish to apply for the position, please click on “Apply”. Only shortlisted candidates will be notified.

EA License No.: 01C4394 (PERSOLKELLY Singapore PTE LTD)

By submitting your personal data and CV, you consent to PERSOLKELLY Singapore Pte Ltd and affiliates collecting, using, and disclosing your data as outlined in the Privacy Policy at https://www.persolkelly.com.sg/policies. You confirm that you have read, understood, and agree with the Privacy Policy.