Risk Engineer, Commercial Lines

China Taiping Insurance Hldgs Co Ltd; Singapore; In loco; SGD 90.000 - 150.000; Tempo pieno

Descrizione del lavoro

China Taiping Insurance Hldgs Co Ltd is seeking an experienced risk engineer to conduct on-site risk surveys for Property and Engineering risks, review protection systems and assist in underwriting decisions. The role covers construction, manufacturing, utilities and data-centre projects in Singapore.

The ideal candidate has a degree in Engineering or related field and at least five years in insurance risk engineering, risk surveys, and loss prevention, with strong knowledge of

Competenze

• Minimum degree in Engineering, Risk Management, Insurance, Finance, Business or related discipline.
• Minimum 5 years of relevant experience in Commercial Lines Underwriting, Risk Engineering, Insurance Surveying, Loss Prevention, Engineering or related insurance industry experience.
• Strong knowledge and practical experience in Property and/or Engineering insurance underwriting.

Mansioni

• Conduct on-site risk surveys for Property and Engineering risks across commercial, industrial, manufacturing, warehouse, construction and engineering projects.
• Assess fire, electrical, machinery, construction, operational, natural catastrophe and other risk exposures.
• Review fire protection, detection and alarm systems, sprinklers, hydrants, emergency response arrangements and housekeeping standards.
• For Engineering risks, assess construction methodology, project management, temporary works, plant and equipment, testing/commissioning and site conditions.
• Identify major hazards, probable loss scenarios and potential PML exposures where applicable.
• Prepare professional risk survey reports with findings, risk improvement recommendations and risk grading.
• Follow up with insureds, brokers and relevant parties on implementation of recommended risk improvements.
• Provide technical risk engineering advice to Underwriting, Claims, Distribution and Management teams.
• Review engineering drawings, specifications, method statements, fire protection arrangements and other technical documents.
• Assist in assessing complex risks and major projects involving construction, manufacturing, utilities, power, infrastructure, data centres and other engineering-related operations.
• Support development of underwriting guidelines, risk assessment tools, survey templates and technical standards.
• Keep up with Singapore regulatory requirements, industry standards, engineering practices and risk management developments.
• Assist in monitoring quality and performance of the Property and Engineering portfolio.
• Identify high-hazard risks, concentration risks and potential accumulation exposures.
• Recommend risk mitigation measures, underwriting restrictions and risk improvement requirements.
• Collaborate with Reinsurance to ensure risks fit treaty requirements and underwriting authority.
• Maintain documentation of underwriting decisions, risk surveys and follow-ups.

Conoscenze

Risk assessment

Engineering knowledge

Formazione

Bachelor's degree in Engineering, Risk Management, Insurance, Finance, Business

Descrizione del lavoro

• Conduct on-site risk surveys for Property and Engineering risks, including commercial, industrial, manufacturing, warehouse, construction and engineering projects.
• Assess fire, electrical, machinery, construction, operational, natural catastrophe and other relevant risk exposures.
• Review the adequacy of fire protection systems, fire detection and alarm systems, sprinkler systems, hydrants, emergency response arrangements and housekeeping standards.
• For Engineering risks, assess construction methodology, project management, temporary works, plant and equipment, testing/commissioning activities and site conditions.
• Identify major hazards, probable loss scenarios and potential Probable Maximum Loss (PML) exposures where applicable.
• Prepare professional risk survey reports, including findings, risk improvement recommendations and risk grading.
• Follow up with insureds, brokers and relevant parties on implementation of recommended risk improvements.

Risk Assessment & Technical Support

• Provide technical risk engineering advice to Underwriting, Claims, Distribution and Management teams.
• Review engineering drawings, specifications, method statements, fire protection arrangements and other technical documents.
• Assist in assessing complex risks and major projects involving construction, manufacturing, utilities, power, infrastructure, data centres and other engineering-related operations.
• Support the development and enhancement of underwriting guidelines, risk assessment tools, survey templates and technical standards.
• Keep abreast of relevant Singapore regulatory requirements, industry standards, engineering practices and risk management developments.
• Assist in monitoring the quality and performance of the Property and Engineering portfolio.
• Identify high-hazard risks, concentration risks and potential accumulation exposures.
• Recommend appropriate risk mitigation measures, underwriting restrictions and risk improvement requirements.
• Work closely with Reinsurance to ensure risks are written within treaty requirements and underwriting authority.
• Maintain proper documentation of underwriting decisions, risk surveys and risk improvement follow-ups.

Job Requirements

• Minimum Degree qualification in Engineering, Risk Management, Insurance, Finance, Business or a related discipline.
• Minimum 5 years of relevant experience in Commercial Lines Underwriting, Risk Engineering, Insurance Surveying, Loss Prevention, Engineering or related insurance industry experience.
• Strong knowledge and practical experience in Property and/or Engineering insurance underwriting.
• Experience in conducting on-site risk surveys and preparing professional risk survey reports.
• Good understanding of fire protection, electrical systems, machinery, building construction, industrial processes and engineering risks.
• Good understanding of Contractor’s All Risks (CAR), Erection All Risks (EAR), Industrial All Risks (IAR), Property Damage and Business Interruption is an advantage.