Property & Casualty Underwriter (Distribution/$6K + AWS) (ID: 678926)

Persolkelly; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading company in the insurance sector seeks an Underwriter for Property & Casualty business. You will play a crucial role in underwriting processes, ensuring profitability, and managing business relationships. Candidates should have a solid background in insurance underwriting and strong interpersonal skills. This position offers an opportunity to enhance your career in a dynamic environment, addressing the complex needs of the market.

Qualifications

• 3 years’ experience in P&C insurance underwriting with direct intermediary engagement.
• Knowledge of insurance operations and underwriting procedures.
• Good understanding of laws and legislation in the insurance industry.

Responsibilities

• Underwrite and maintain a profitable book of P&C business.
• Develop and enhance Pricing Model and establish Market Price.
• Ensure timely response to intermediaries’ requests.

Skills

Communication

Interpersonal skills

Negotiation

Risk assessment

Business acumen

Attention to detail

Education

ACII

ANZIIF

Degree/Diploma in Insurance

Job description

Assist in underwriting of new and renewal Property & Casualty business of higher technical complexity under underwriting standards and delegated authority levels. Deliver a high-level service standard to the intermediaries, partners and customers with focus of building relationships and promoting the company.

Responsibilities:

• Develop, maintain, review and enhance appropriate Pricing Model and establish Market Price.

• Underwrite and maintain a profitable book of P&C business.

• Ensure Technical Portfolio Management and conduct remediation for underperforming portfolios.

• Assist the Team Lead to compile, analyze and prepare monthly reports required and present during monthly meetings and business reviews.

• Assist the Team Lead to develop, maintain, review and enhance Underwriting Manual and Policy Wording.

• Assist the Team Lead to ensure that the team determines an acceptable pricing and terms, within their 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.

• Ensure that sanction checks are conducted.

• Ensure timely and proper passing down of instructions to Policy Administration with the required information / documentation.

• Stay current on competition, underwriting environment, and market conditions and to share findings and updates with all members of the team as appropriate.

• Develop, maintain and deepen relationships with intermediaries in support of business retention and acquisition and works with customers and distributors (agents & FAs) 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:

• ACII, ANZIIF or Degree/Diploma in Insurance

• Preferably 3 years’ experience in Property & Casualty insurance underwriting with direct intermediary engagement / technical underwriting.

• Good knowledge of insurance operations, underwriting procedures and understanding of policy wordings.

• Good understanding of risk assessment, laws and legislation in relation to the general insurance industry and specifically within the Property & Casualty field.

• Good communication with interpersonal and negotiation skills.

• Good business acumen and detailed oriented.

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

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