Marine Cargo Underwriter ($7K + AWS) (ID: 669212)

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

Job summary

A leading company in the insurance sector is looking for a Marine Insurance Underwriter to join their team. The position involves reviewing underwriting information, leading a small team, and ensuring compliance with underwriting guidelines. Candidates should have a minimum of 3 years’ experience in marine insurance underwriting, with a strong understanding of risk assessment, insurance products, and procedures.

Qualifications

• At least 3 years' experience in Marine insurance underwriting.
• Good knowledge of underwriting procedures and Marine Cargo classes.
• Experienced in leading a small team.

Responsibilities

• Assist in reviewing and preparing underwriting/renewal information.
• Underwrite simpler risks and maintain a profitable book of Marine Cargo business.
• Compile, analyze and prepare monthly reports for business reviews.

Skills

Marine insurance operations

Underwriting procedures

Risk assessment

Job description

Responsibilities include, but are not limited to, the following:

Underwriting
Assist the Head and work with own Team Leader and members to:
• Review and prepare underwriting / renewal information
• Prepare Marine Raters for discussion with Team Leader / Head.
• Underwrite simpler risk and maintain a profitable book of Marine Cargo business.
• Prepare quotation slips after finalization with Team Leader / Head
• 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, own Team Leader to compile, analyze and prepare monthly reports required for monthly meetings and business reviews.
• Ensure that an acceptable pricing and terms is dertermine within own underwriting authority and underwriting guidelines, on new business and renewals.
• Ensure acceptable loss ratio through coordinating account stewardship process, loss control activities, tracking and following up on large claims and related activity as required.
• Ensure evaluation of facultative reinsurance needs and coordination as necessary within company underwriting and risk control guidelines.
• Stay current on competition, underwriting environment, and market conditions and to share findings and updates with all members of the team as appropriate.


Requirements:

• At least 3 years’ experience in Marine insurance underwriting with direct intermediary engagement / technical underwriting.
• Good knowledge of Marine insurance operations, underwriting procedures and understanding in Marine Cargo classes, products and policy wordings.
• Good understanding of risk assessment, laws and legislation in relation to the marine insurance industry.
• Experienced leading a small team.

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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