Senior Underwriting Executive (Insurance, up to $6k) (ID:678926) - Toa Payoh

Responsibilities:

• Develop, maintain, review and enhance appropriate Pricing Model and establish Market Price.
• Underwrite and maintain a profitable book of P&C business.
• Ensure Technical Portfolio Management and conduct remediation for underperforming portfolios.
• Assist the Team Lead to compile, analyze and prepare monthly reports required and present during monthly meetings and business reviews.
• Assist the Team Lead to develop, maintain, review and enhance Underwriting Manual and Policy Wording.
• Assist the Team Lead to ensure that the team determines an acceptable pricing and terms, within their underwriting authority and underwriting guidelines, on new business and renewals.
• Ensure acceptable loss ratio through coordinating account stewardship process, loss control activities, tracking and following up on large claims and related activity as required.
• Ensure evaluation of facultative reinsurance needs and coordination as necessary within company underwriting and risk control guidelines.
• Ensure that sanction checks are conducted.
• Ensure timely and proper passing down of instructions to Policy Administration with the required information / documentation.
• Stay current on competition, underwriting environment, and market conditions and to share findings and updates with all members of the team as appropriate.
• Develop, maintain and deepen relationships with intermediaries in support of business retention and acquisition and works with customers and distributors (agents & FAs) to determine their insurance related needs and provide solutions.
• Maintain service standards by timely response to intermediaries’ requests and timely receipt of collateral and agreements in addition to meeting deadlines on submissions of quotations, certificates and/or policies.
• Adopt practices to ensure rigorous screening via our KYC process.

Requirements:

• ACII, ANZIIF or Degree/Diploma in Insurance
• Preferably 3 years’ experience in Property & Casualty insurance underwriting with direct intermediary engagement / technical underwriting.
• Good knowledge of insurance operations, underwriting procedures and understanding of policy wordings.
• Good understanding of risk assessment, laws and legislation in relation to the general insurance industry and specifically within the Property & Casualty field.
• Good communication with interpersonal and negotiation skills.
• Good business acumen and detailed oriented.

EA License No.: 01C4394 (PERSOLKELLY Singapore PTE LTD)

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