Financial Lines Underwriter ($10K + AWS) (ID: 675173)

PERSOLKELLY SINGAPORE PTE. LTD.; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

A leading company seeks an experienced insurance underwriter to assist in underwriting various risks and managing client relations. The role involves ensuring compliance with underwriting standards, maintaining service levels, and executing thorough policy checks. Candidates should have substantial experience in general insurance and proficiency in risk assessment and policy procedures.

Qualifications

• At least 3 years’ experience in general insurance, preferably Financial Lines.
• Direct intermediary engagement experience.
• Understanding of policy wordings and legislation related to insurance.

Responsibilities

• Underwrite simple and mid-complexity risks.
• Liaise with intermediaries and manage insurance quotations.
• Compile, analyze, and prepare monthly reports.

Skills

Understanding of risk assessment

Knowledge of insurance operations

Underwriting procedures

Relationship management

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.

Requirements:

• At least 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)
By sending us your personal data and curriculum vitae (CV), you are deemed to consent to PERSOLKELLY Singapore Pte Ltd and its affiliates to collect, use and disclose your personal data for the purposes set out in the Privacy Policy available at https://www.persolkelly.com.sg/policies. You acknowledge that you have read, understood, and agree with the Privacy Policy