VP, Marine Underwriting

The Great Eastern Life Assurance Company Limited; Singapore; On-site; SGD 180,000 - 260,000; Full time

Job summary

The Great Eastern Life Assurance Company Limited in Singapore seeks a Marine Underwriting and Business Development leader to oversee the Marine section, shaping strategy, risk acceptance and portfolio growth in Singapore.

You will drive sales, manage underwriting authority, ensure policy renewals and training of intermediaries, with a focus on profitability, retention and collaboration with senior management.

Qualifications

• At least 10 years’ working experience in underwriting or related operation jobs in MNC or local entities.
• Experience and knowledge in underwriting Marine Cargo/Hull business.
• Business-Focused Analysis and ability to deliver business results
• Good organization and planning skills
• Good leadership capability
• Resourceful, flexible and responsive in dealing with people

Responsibilities

• Provide leadership and overall management of the Marine section to ensure smooth operation
• Develop and implement sales and underwriting strategies for the section to achieve profitable growth
• Achieve yearly sales and profitability budget
• Underwrite and accept all marine cargo, cargo liabilities and marine hull business within the company’s underwriting guidelines and limits
• Arrange and/or conduct training for intermediaries and business partners
• Review renewal terms and follow up on policy renewal to achieve good retention
• Participate in credit control and premium management
• Participate in ad-hoc projects assigned by Senior Management

Skills

Marine underwriting

Risk assessment

Business acumen

Leadership

Planning & organization

Interpersonal skills

Job description

Responsible for the overall business development, risk acceptance and management of Marine portfolio.

• Provide leadership and overall management of the Marine section to ensure smooth operation
• Develop and implement sales and underwriting strategies for the section to achieve profitable growth
• Achieve yearly sales and profitability budget
• Underwrite and accept all marine cargo, cargo liabilities and marine hull business in accordance with the assigned underwriting authority limits and within the company’s underwriting guidelines and treaty terms. To seek treaty clearance when necessary
• Responsible for the placement of facultative reinsurance in accordance with the company’s reinsurance security guidelines
• Review renewal terms and follow up on policy renewal before expiry to achieve good retention of business
• Arrange and/or conduct training for intermediaries and business partners
• Participate in credit control and premium management
• Participate in any ad-hoc projects assigned by Senior Management

• Related University or Professional Qualifications
• At least 10 years’ working experience in underwriting or related operation jobs in MNC or local entities
• Experience and knowledge in underwriting Marine Cargo/Hull business
• Business-Focused Analysis and ability to deliver business resultsBusiness Acumen and meticulous in risk assessment
• Good organization and planning skills
• Good leadership capability
• Resourceful, flexible and responsive in dealing with people

:SG-GE Centre

:General Insurance