Underwriter - Cargo (Singapore)

Chaucer Syndicates Ltd; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

Based in Singapore, Chaucer Syndicates Ltd seeks a Deputy Class Underwriter - Cargo to contribute to a dynamic Marine underwriting team. The role supports risk review, rating analyses and premium monitoring for ASEAN and broader Asia markets.

You will collaborate with the Marine Global team and work closely with brokers to develop regional business opportunities while maintaining underwriting standards and regulatory compliance.

Qualifications

• Minimum 5 years relevant insurance underwriting experience.
• Degree or professional qualification in insurance (Dip CII/ACII).
• ACII or equivalent accreditation pursued or obtained.
• Knowledge of Marine Cargo, Hull practices and Lloyd's/Company Market is desirable.

Responsibilities

• Review new and renewal risks including slip analysis and rating analyses.
• Assist in PML analyses with modelling/aggregation team.
• Prepare reports and statistical information for underwriters.
• Liaise with brokers and maintain relationships with broking and support teams.
• Policy data capture and accuracy in Charisma for pre/post bind activities.
• Assist in underwriting system enhancements and benchmarking models.

Skills

Excellent communication

Interpersonal skills

Organisational skills

Team player

Education

Degree

Dip CII or equivalent

ACII or equivalent

Tools

Microsoft Word

Microsoft Excel

Microsoft Outlook

PowerPoint

Microsoft Teams

Windows OS

Nitro Pro

Adobe

Job description

Deputy Class Underwriter - Cargo (Singapore)

Job summary

Based in Singapore, participate in a dynamic Marine underwriting environment focused on Cargo, and contribute to the team delivering on its business plan with a regional ASEAN and broader Asia focus.

• Contribute to the growth of business by assisting in the review of new and renewal risks including slip analysis, perform rating analyses, contract certainty review and undertake premium monitoring
• Assist in PML analyses in conjunction with the modelling/aggregation team
• Monitor risks written and due for renewal.
• Prepare reports and statistical information as required by the underwriters.
• Assist with the developments and enhancements of underwriting systems where applicable, e.g.: new and/or enhanced benchmarking models, etc.
• Liaise with brokers and develop good working relationships with broking and support teams.
• Assist in the preparation of slips for peer review & liaise with peer reviewer as and when required.
• Use market, industry and other sources to enhance awareness of technical factors and developments relevant to portfolio underwriting across Cargo and Hull and the wider marine insurance market.
• Attend market risk presentations and market body meetings as and when required
• To keep abreast of underwriting related issues including legal developments
• Underwriting in line with current letter of authority issued by CSL compliance
• Liaise with other business areas within Chaucer as required including claims, internal risk review, actuarial etc. as required.
• Work in close collaboration with the Marine Global team in London, including subject matter experts, supporting referrals and drawing on specialist expertise to ensure the highest underwriting standards are maintained.
• Work with and support the Singapore Marine Class Underwriter to identify and develop regional business opportunities across Asia.

Underwriting Operations

• Policy Data Capturing: Ensure accurate policy data capture and input into underwriting systems. Responsible for ensuring account administration pre and post bind, maintenance and monitoring is up to date and accurate in Charisma.
• Premium worksheet verification: Verify premium worksheet accuracy as this has downstream impact on credit control and premium matching.
• Closings/Statements: Vet closing details and ensure any necessary Charisma amendments are made. File all Closings/Statements accordingly.
• Credit control: when escalated to underwriting team, liaise as required with brokers and finance in all respects to ensure accurate collection of premium and recording in Charisma.

Regulatory responsibilities

• Manage the relationships with Customers, Agents and Service Providers:
• Advise, assist and service customers on insurance and risk matters to promote customers' satisfaction;
• Foster positive relationships with Customers and attain an understanding of their needs;
• Ensure that Customer Complaints are promptly identified, recorded and referred as appropriate; and,
• Ensure that the principles of Treating Customers Fairly are upheld by Agents and Service Providers.
• Knowledge of the Lloyd's & / or Company Market
• Knowledge of Marine Cargo, Specie Industry, Marine Hull practices and procedures
• Experience working in insurance/reinsurance company in similar capacity

Technical skills

• Excellent knowledge of Microsoft Word, Excel, Outlook, PowerPoint, Teams.
• MS Windows operating environment
• Nitropro and Adobe
• Advanced Excel knowledge

Education & Experience

• Degree
• Dip CII or equivalent and working towards ACII
• Minimum 5 years relevant experience
• ACII or equivalent accredited

Personal skills

• Well-presented and business-like
• Professional outlook
• Flexible at all times
• Very good interpersonal skills
• Excellent organisational skills
• Excellent communication skills with the ability to liaise at all levels
• Work as part of a team
• Adapt to a pressured environment
• Self-motivated
• Capable of working to a timetable when required