Junior Underwriting Manager

TWO SEVEN CONSULTING PTE. LTD.; Singapore; On-site; SGD 50,000 - 70,000; Full time

Job summary

A consulting firm in Singapore seeks an Underwriting Support Specialist. Responsibilities include evaluating risks, reviewing insurance applications, and supporting underwriting teams. The ideal candidate will have a relevant degree and at least 2 years of experience, with strong analytical and communication skills. This role involves ongoing training to stay updated on industry standards.

Qualifications

• Minimum 2 years of underwriting support experience.
• Strong interest in insurance and risk management.
• Knowledge of Property & Casualty lines preferred.

Responsibilities

• Evaluate risk and determine terms for new and renewal insurance policies.
• Review applications and documents to assess risk.
• Support underwriting teams with loss history and claims data.
• Maintain and update underwriting files and databases.

Skills

Analytical skills

Communication skills

Attention to detail

Education

Bachelor’s degree in Business, Finance, Risk Management, or a related field

Job description

Responsibilities

• Assist in evaluating risk and determining the terms and conditions for new and renewal Property & Casualty insurance policies.
• Review and analyze applications, policy endorsements, and other documents to assess risk.
• Support underwriting teams in assessing loss history, claims data, and other risk-related factors.
• Ensure all underwriting documentation is complete and accurate, adhering to company guidelines and compliance standards.
• Ensure evaluation of facultative reinsurance needs and coordination as necessary within company underwriting and risk control guidelines.
• Respond to inquiries from brokers, agents, and clients regarding policy details, terms, and conditions.
• Maintain and update underwriting files and databases.
• Assist in monitoring the overall portfolio performance and identify emerging risks or trends.
• Participate in ongoing training and development to stay current with industry regulations, trends, and best practices.

Requirements

• Bachelor’s degree in Business, Finance, Risk Management, or a related field.
• At least 2 years of underwriting support experience.
• Strong interest in insurance and risk management, preferably with some knowledge of Property & Casualty lines.
• Excellent written and verbal communication skills.
• Attention to detail with strong analytical and problem-solving abilities.

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