Senior Marine Claims (Hull/Cargo)

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

Job summary

A leading marine insurance firm in Singapore is seeking an experienced claims manager to oversee marine insurance claims, ensuring compliance with legal requirements and effectiveness in processing. The ideal candidate will have a Bachelor’s degree and at least 2 years of experience in claims management, particularly in the marine sector. Responsibilities include collaboration with internal teams, analyzing claims metrics, and negotiating settlements. This position offers a dynamic work environment and potential for career growth.

Qualifications

• Minimum of 2 years' experience in managing claims assessment and negotiation in marine insurance.
• Strong technical knowledge of marine insurance, particularly Institute Time Clauses.
• Familiarity with legal and regulatory requirements affecting the marine insurance sector.

Responsibilities

• Collaborate with management to align claims functions with corporate goals.
• Analyze recovery and claim reports to manage metrics effectively.
• Negotiate claims settlements and establish reserves.

Skills

Claims management

Negotiation

Regulatory compliance

Marine insurance knowledge

Vendor management

Education

Bachelor's degree in a relevant discipline

Job description

Responsibilities

• Collaborate with management to align claims functions with strategic corporate goals, emphasizing marine product classes.
• Analyze recovery and claim reports to manage metrics effectively.
• Ensure claims are processed efficiently and in accordance with legal and regulatory requirements, contributing to overall profitability.
• Foster strong relationships with internal teams and external partners, including underwriting and risk control.
• Provide insights and recommendations for improving claim policies and procedures, driving impactful claims initiatives.
• Oversee investigations of claims with moderate complexity, effectively managing liability and damages.
• Negotiate claims settlements, establish reserves, and authorize payments as necessary.
• Ensure proficient vendor management, particularly in litigious claims situations.
• Stay informed about industry trends, state regulations, and relevant issues.
• Contribute to the development of training materials and claim curricula.
• Serve as a key player in portfolio analytics within the claims department.

Requirements

• Bachelor's degree in a relevant discipline.
• Minimum of 2 years' experience in managing claims assessment, investigation, negotiation, and settlement specifically in marine insurance, including liability and fraud investigations.
• Strong technical knowledge of marine insurance, particularly Institute Time Clauses.
• Familiarity with legal and regulatory requirements affecting the marine insurance sector.
• Detail‑oriented with the ability to adapt and respond to changing situations effectively.