Senior Commercial Underwriter

5 stones hrm pte. ltd.; Singapore; On-site; SGD 180,000 - 240,000; Full time

Job summary

5 Stones HRM Pte. Ltd. is seeking a senior head of underwriting for Commercial Insurance in Singapore. You will lead development and underwriting of P&C products, review policy wordings, and guide treaty guidelines while ensuring sustainable topline and bottomline growth across all distribution channels.

You will collaborate with governance, reinsurance, actuarial and claims teams to optimize loss ratios, mentor junior underwriters, and drive market engagements within Singapore's P&C landscape.

Qualifications

• At least 6 years of experience in a senior/head role developing and underwriting Commercial insurance.
• Experience in pricing, referrals, wordings review and product enhancements.
• Strong knowledge of Singapore Property & Casualty market and distribution channels.
• Digitalization savviness with portfolio oversight and governance.

Responsibilities

• Develop and implement P&C strategy covering engineering, construction, bonds.
• Manage topline and bottomline for P&C segments, including policy wordings and underwriting/treaty guidelines.
• Collaborate with governance, reinsurance, actuarial and claims to manage loss ratios.
• Negotiate and underwrite accounts within risk authority/guide.
• Lead and mentor junior underwriters and explain decisions to business units.
• Engage with industry and manage distribution across all channels.
• Ensure compliance with laws, regulatory provisions and group policies.
• Refer and prepare referrals to Asia/head office for approvals.

Skills

Portfolio management

Digitalization savviness

Underwriting

Relationship management

Interpersonal skills

Distribution channels knowledge

Education

Tertiary qualification

Professional insurance qualifications

Job description

• Develop and implement Property & Casualty (which includes Engineering, Construction, Bonds) business strategy, initiatives and plans; responsible for both the Topline and Bottomline of the P&C segments. This also includes product development, review of policy wordings and underwriting/Treaty guidelines, P&C platform development (if any) and management of distribution of P&C products and services across all distribution channels

• Liaise with Business Units on referral accounts and prepare referrals to Asia/Head Office /Treaty/CEO for approvals

• Ensure that reasonable turn around time is achieved for the account to be replied to the Business Units

• Ensure that prudent technical underwriting is conducted as well as balancing the business aspects of securing the accounts.

• Collaborate with Governance, Reinsurance, Actuarial and Claims teams to manage loss ratios

• Negotiate, underwrite, accept all accounts within Risk Acceptance Authority /Risk Acceptance Guide

• Develop and mentor other more junior underwriters / Business Units and explain the decision taken for the accounts.

• Market engagements with the industry

• Ensure compliance with all laws, regulatory provisions and Group policies as are relevant to the role

• Undertake any other duties as may be assigned

Qualifications

• Tertiary qualification and professional insurance qualifications

At least 6 years of experience in a senior / head level developing and underwriting Commercial insurance business and products

• Commercial Insurance business and underwriting, pricing, referrals, review of policy wordings and product enhancements

• Digitalization savviness

• Portfolio Management

• Knowledge of distribution channels structure and good interpersonal liaison with them

• Singapore Property & Casualty market