Head of Affinity

PRICE FORBES BROKING (ASIA) PTE. LTD.; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

Une entreprise dynamique dans le secteur de l'assurance recherche un responsable pour diriger le département Affinity à Singapour. Ce rôle clé impliquera la gestion des portefeuilles de réassurance et le développement de nouveaux business dans un environnement réglementaire exigeant. Le candidat idéal saura naviguer à travers les défis de l'industrie tout en développant son équipe et en établissant des relations solides avec les parties prenantes.

Qualifications

• Expérience confirmée dans la gestion de produits d'affinité.
• Réseau solide dans les marchés ASIE/APAC.
• Capacité à diriger des équipes et à respecter des délais.

Responsibilities

• Diriger le département Affinity et développer les portefeuilles de réassurance.
• Établir des relations positives avec courtiers, assureurs et réassureurs.
• Assurer une approche de communication efficace entre départements.

Skills

Leadership

Communication

Strategic prioritization

Problem-solving

Relationship-building

Education

Familiarity with MAS regulations

Tools

Microsoft Suite

Underwriting tools

Job description

Job Description

• Lead the Affinity Department and grow the Facultative Reinsurance portfolios across key Affinity products, including:

1. Extended Warranty Insurance
2. Auto & Finance Insurance
3. ADP & Screen Cover Insurance
4. Payment Protection Insurance
5. Contingency (Sports & Event Cancellation)
6. Pet Insurance
7. Personal Accident Insurance

• Identify and capitalize on new business opportunities to drive profitable growth in the Affinity sector.
• Lead the development of Affinity (re)insurance business in line with the company’s strategic targets
• Oversee the prompt placement of Affinity reinsurance contracts, ensuring compliance with client needs and regulatory requirements.
• Provide end-to-end service for clients, advising on and securing competitive (re)insurance solutions.
• To assume responsibility for and to oversee:

1. The renewal business portfolios
2. New business production
3. The marketing & placement of risks
4. Client Servicing
5. Growing the team as we build out our wider Property capabilities in Singapore

• Represent the company externally with brokers, insurers, and reinsurers to expand market presence.
• Manage, grow and retain the Affinity team, fostering expertise in niche product lines.
• Set financial/operational targets for the department in alignment with the CEO.
• Ensure effective communication across departments and with senior management.
• To advocate and ensure sound business practices compliant with the Company’s Rules, Procedures and other management instructions, in particular with regard to:

1. The conduct and recording of business
2. Confirmations and evidencing of cover
3. Recording and filing of all communications and discussions
4. The safeguarding of client monies
5. The escalation and reporting of breaches, errors & omissions, disputes and complaints

• Liaise with other Department Heads and senior managers to ensure a coordinated approach is adopted on matters with cross-company impact.
• Reporting to the line manager on a timely manner to update on AffinityDepartment’s performance and ensure the line manager and Compliance Officer is made aware of:

1. Any matter which might expose the Company to a claim, legal action or regulatory action/investigation.
2. Any serious disciplinary cases.
3. Any substantial failure to comply with the external regulatory and legislative framework.

• To advocate and ensure and an adequate and proactive risk control framework within the team.
• To ensure that they and their wider team adopt and uphold best practices and act in a compliant manner at all times, including with regards to the handling of clients, filing of documentation, tracking of enquiries, handling of claims and processing of business.
• Any other relevant tasks that the line manager may from time to time require you to enact.

Representing Price Forbes

• Champion the Price Forbes name and core values:

1. Unity – we build on our own experience of innovation to push boundaries in partnership with clients.
2. Accountability – we take ownership of our actions, honor our commitments, accept responsibility for our decisions, and follow through with integrity.
3. Integrity – we act with honesty, transparency, and fairness in all interactions, building trust through ethical behavior and principled decision-making.
4. Quality – we are committed to delivering high standards, paying attention to detail, and continuously improving to exceed expectations.

• Represent Price Forbes with clients, agents, suppliers and other organizations.

Legal, Risk and Compliance:

• Comply with relevant legal, regulatory and compliance requirements, E&O compliance procedures and quality initiatives.
• Escalation of any potential E&O's to Department Head / Directors at the earliest opportunity.
• Ensure completion of all mandatory Company training and to deadline.

Your scope of duties is not restrictive and may be expanded at the company’s discretion.

Regulatory Responsibilities / Knowledge Required:

• To be aware with the detailed regulatory obligations imposed by Monetary Authority of Singapore (MAS).
• To ensure you are trained and competent to perform your duties to the required standard and in compliance with the Monetary Authority of Singapore (MAS) regulations.
• Detailed understanding and knowledge of general insurance and underlying legal principles.

Requirements / Skills Required:

• Compliance with the requirements of MAS502, for the registration as an Insurance Broker.
• Proven experience placing/servicing Affinity FAC R/I products (e.g., Warranty, PPI, Event Cancellation).
• Strong network in Asia/APAC markets.
• Track record in leading teams, delegating tasks, and driving results under pressure.
• Confidence in representing the department or the company both internally and externally.
• Exceptional communication (written/verbal) and relationship-building.
• Strategic prioritization and problem-solving.
• Proficiency in Microsoft Suite and underwriting tools.