Senior Underwriter

STARR INTERNATIONAL INSURANCE (SINGAPORE) PTE. LTD.; Singapore; On-site; SGD 100,000 - 150,000; Full time

Job summary

A leading insurance provider in Singapore is seeking an experienced Underwriter to manage property and construction risks. The ideal candidate will have a minimum of 15 years in the insurance industry, with strong analytical, negotiating, and relationship-building skills. This role involves underwriting risks, ensuring compliance, and maintaining industry knowledge to provide excellent service to clients.

Qualifications

• Minimum of 15 years of property and construction underwriting experience or relevant experience.
• Good knowledge and proficiency in underwriting guidelines and tools.
• Proven track record in managing complex accounts.

Responsibilities

• Underwrite risks in adherence to company guidelines.
• Achieve underwriting profit by assessing technical insurability.
• Prepare and submit accurate quotations and proposals.
• Ensure compliance with regulatory responsibilities.
• Build relationships with clients and industry partners.

Skills

Technical knowledge in property and construction insurance underwriting

Strong analytical skills

Negotiating ability

Customer focus

Teamwork

Job description

General Summary:

Our mission is to provide customized property and construction coverages characterized by high quality technical evaluation and flexible underwriting responses to preserve clients’ assets.

This is accomplished by offering superior service and innovative approaches from high quality staff with technical expertise in various industries such as energy, power, and manufacturing.

Our purpose is to develop and maintain our competitive advantage within a corporate environment that responds to the needs of our clients and the people of Starr Tech.

These efforts will result in Starr Tech being recognized as the best property and construction insurance facility while achieving a consistent ability to provide a stable market, today and tomorrow, to our clients.

Duties and Responsibilities:

• Underwrite risks in adherence to the underwriting guidelines and authority of the company
• Aim to achieve an underwriting profit by analyzing and assessing technical insurability of the risk, including the adequacy of the terms and conditions of the proposals received
• Pro-active and consistent approach in the preparation and submission of quotations and proposals on new offerings and on renewal submissions
• Proper use of the various tools and systems of Starr in evaluating risk and submissions as well as information collection, warehousing, and analysis.
• Provide accurate reports and data analytics to management and clients
• Ensure compliance to regulatory responsibilities as well as to internal risk management duties
• Represent Starr and build relationships by regular contacts or meetings with clients, brokers and other industry partners which require competent technical know-how, negotiations, product orientations and service initiatives
• Gain, establish and maintain relevant industry knowledge including complex program structures, policy coverage, risk management etc.

Job Requirements:

• Minimum of 15 years of property and construction underwriting experience or other relevant professional experience within the general insurance industry
• High level of technical knowledge in property and construction insurance underwriting
• Good knowledge and proficiency in the use of underwriting guidelines, tools and systems.
• Strong analytical and technical skills
• Strong communication skills including negotiating ability
• Strong business and customer focus
• Ability and proven track record in managing complex accounts and situations
• Ability to network and build relationships
• Ability to work in a team environment
• Ability to organize and handle multiple tasks and meet required timelines