Underwriting Assistant (1 year contract)

MUNICH RE SYNDICATE SINGAPORE PRIVATE LIMITED; Singapore; On-site; SGD 40,000 - 60,000; Full time

Job summary

A leading insurance company is seeking contract staff to support their underwriting team. The role involves assisting in the Political Violence and Terrorism class of business and requires prior insurance experience. Candidates should demonstrate customer service skills and a willingness to learn and grow within the company.

Qualifications

• Intermediate understanding of insurance principles.
• Knowledge of company-specific procedures.
• Willingness to develop knowledge of underwriting.

Responsibilities

• Assist the underwriter in all aspects of the Class of Business.
• Provide statistical and reporting support to the Underwriter.
• Servicing external customers by answering inquiries.

Skills

Insurance Principles

Customer Service

Data Entry

Job description

Overall Objective

We are looking for a 1 year contract staff to assist our underwriting team. This candidate will support the Political Violence and Terrorism class of business with potential opportunities to assist other classes of business as well. Past insurance experience (either with a broker or insurer) is strongly preferred.

This candidate will assist the Underwriter and at all times demonstrating care for customers and respect for the regulatory obligations of the Syndicate. Liaise effectively with the administration and processing department to ensure timely and accurate release of documentation.

Job Tasks

1. Assist the underwriter in all aspects of the Class of Business
2. To take an active role in the development of the class of business written by Munich Re Syndicate Singapore in accordance with its Business Plan Objective.
3. Liaise with other teams in the company
4. To provide statistical and reporting support to the Underwriter
5. To provide administrative function of the Class of Business as follows: Websure Data Entry Process, filing of underwriters’ correspondence into Websure, Credit Control, Generating of marine certificates, Compliance support, Survey Fees and any other adhoc matters
6. Ensure that company procedures and systems are followed and maintained, as per procedures and compliance manuals;
7. Following up with our external customers on all credit controls, premium closings, outstanding documents, renewals and any other adhoc matters
8. Servicing our external customers – answering enquiries, providing them with the necessary documents and advice

Knowledge Required

1. Intermediate knowledge and understanding of:

• Underlying Principles of Insurance;
• All company specific procedures that relate to own role.

2. Demonstrate growing understanding of the roles of colleagues and their relationships to the structure and business plans

3. Willingness to continue to develop knowledge of policies, underwriting and related issues through formal and informal learning, both internally and externally to the firm

4. Develop and maintain market awareness