Senior Underwriter, Cyber

CATLIN SINGAPORE PTE. LTD.; Singapore; Hybrid; SGD 80,000 - 120,000; Full time

Job summary

A financial services company in Singapore is looking for a Senior Underwriter, Cyber. This role involves underwriting business, managing a renewal book, and developing relationships with brokers and clients. The ideal candidate should possess strong technical knowledge, negotiation skills, and the ability to work independently. A bachelor's degree is preferred, along with significant industry expertise.

Qualifications

• Experience in policy development and broker management is preferred.
• Extensive knowledge of the insurance industry and specific product portfolios.
• Demonstrated ability to negotiate effectively with brokers and clients.

Responsibilities

• Underwrite and manage a renewal book while producing new business.
• Negotiate with producers to achieve profit objectives.
• Build and enhance relationships with brokers and clients.
• Monitor financial exposure and premium income within set limits.
• Identify new product development opportunities.

Skills

Bachelor's degree preferred

High technical knowledge and skills

Ability to work independently

Flexibility and innovation

Effective sales and business development planning

Negotiation skills

Interpersonal savvy

Understanding of the insurance industry

Strategic planning abilities

Analytical skills

Education

Bachelor's degree or equivalent experience

Job description

Senior Underwriter, Cyber

Hybrid, Singapore

Act as the technical expert for the function and or region. Responsible for working within authority limits on assignments reflecting the expert degree of technical complexity and coordination under broad management direction. Key responsibilities will involve underwriting business in line with the business plan; assisting the planning and forecasting process; monitoring aggregate exposure within agreed limits; monitoring premium income to ensure it remains within agreed limits; maintaining awareness of all claims advised; supporting and providing input on settlement of claims advised; building and maintaining relationships with brokers and clients; supporting the design and structure of risks; identifying and driving new product development opportunities.

This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.

What you’ll be DOING

What will your essential responsibilities include?

• Underwrite, manage and service a renewal book and produce new business in accordance with business unit goals. Develop and manage underwriting strategies for both renewals and targets within your portfolio of accounts, including knowledge of the current penetration by product, cross marketing penetration and specific plans to increase company share.
• Exercise discretion and independent judgment in the analysis and evaluation of risk.
• Negotiate with producers within the limits of delegated authority and in accordance with established underwriting standards to achieve profit objectives.
• Build and enhance relationships with brokers and clients and identify and establish new distribution relationships.
• Maintain expertise with the products, services, priorities and target markets to more effectively enable clients to uncover hidden risks.
• Promote the company's expertise by participating in industry conferences and events while regularly conducting and taking leadership roles in client and broker meetings to educate on risk.
• Support the business planning and forecasting process; monitor financial exposure within outlined limits; monitor premium income to ensure it remains within set limits.
• Maintain awareness of all claims advised while supporting and providing input on settlement of claims.
• Identify and drive new product development opportunities. Effectively cross-market with other AXA XL lines; meet with brokers and insureds as required. Cultivate key broker relationships in the region to maintain a steady stream of business within our underwriting appetite.

You will report to the Underwriting Manager, Cyber.

What you will BRING

We’re looking for someone who has these abilities and skills:

• Bachelor’s degree preferred with equivalent experience, policy development and broker management.
• Possess a high and extensive level of technical knowledge and skills including product & industry.
• Ability to work independently.
• Ability to respond to a changing environment with flexibility and innovation.
• Marketing - Effectively plan for sales and business development. Integrating the use of various techniques, tools, and information to support profitable business growth over a defined period.
• Negotiation/Sales - Plan, structure and conduct negotiations with brokers and/or clients to reach outcomes that gain the support and acceptance of all parties.
• Interpersonal Savvy - Build excellent interpersonal relationships with brokers, clients & colleagues with the intention of im-proving personal profile and reputation within AXA XL and the broader market.
• Industry Knowledge - Understanding of the insurance industry and specific product portfolios to positively impact the underwriting business.
• Strategy/Planning - Make underwriting decisions to fulfill the business strategic plan and deliver results. Has knowledge of the financial targets and levers in order to deliver on departmental business plan.
• Analytical Skills - Visualize, gather information, articulate, analyze and solve complex problems in order to make key business decisions.