Senior Underwriter

STARR INTERNATIONAL INSURANCE (SINGAPORE) PTE. LTD.; Singapore; On-site; SGD 100,000 - 130,000; Full time

Job summary

An international insurance provider in Singapore seeks an Underwriter with over 15 years of property and construction underwriting experience. The role involves assessing risks, achieving underwriting profit, and preparing quotations. Ideal candidates will have strong analytical skills, excellent communication, and a focus on customer service. This position requires teamwork and the ability to manage complex accounts effectively.

Qualifications

• Minimum of 15 years of property and construction underwriting experience.
• Proficiency in underwriting guidelines and systems.
• Strong communication and negotiation skills.

Responsibilities

• Underwrite risks according to guidelines.
• Achieve underwriting profit through risk assessment.
• Prepare and submit quotations and proposals.

Skills

Technical knowledge in property and construction insurance underwriting

Analytical skills

Communication skills

Customer focus

Negotiation ability

Teamwork

Tools

Underwriting guidelines

Risk management tools

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