Senior Executive - Underwriting (Property & Casualty, up to $6k) (ID: 678926)

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

Job summary

A leading company in the Property & Casualty insurance sector is seeking an Underwriter to assist in the underwriting of new and renewal business. The role requires a focus on developing pricing models, maintaining relationships with intermediaries, and ensuring quality service standards. Candidates should have a strong background in underwriting and risk assessment, contributing to a profitable portfolio while navigating the regulatory landscape.

Qualifications

• Preferably 3 years’ experience in Property & Casualty insurance underwriting.
• Good knowledge of underwriting procedures and policy wordings.
• Detailed oriented with understanding of insurance operations.

Responsibilities

• Develop and enhance Pricing Models, underwriting and maintaining a profitable P&C book.
• Compile, analyze, and present monthly reports on portfolio performance.
• Manage relationships with intermediaries for business retention and acquisition.

Skills

Risk Assessment

Communication

Interpersonal Skills

Negotiation

Business Acumen

Education

ACII

ANZIIF

Bachelor’s Degree in Insurance

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 Bachelor’s 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.

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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