Additional Information
Job summary
Based in Singapore, participate in a dynamic Marine underwriting environment focused on Cargo, P&T, Specie and Hull, and contribute to the team delivering on its business plan with a regional ASEAN and broader Asia focus.
Main duties
Underwriting
Assist 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 modeling/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, P&T, Specie, 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.
Our requirements
Relevant experience
Essential
Knowledge of the Lloyd's & / or Company Market
Knowledge of Marine Cargo, P&T, Specie Industry, Marine Hull practices and procedures
Desirable
Experience working in insurance/reinsurance company in similar capacity
Technical skills
Essential
Excellent knowledge of Microsoft Word, Excel, Outlook, Powerpoint, Teams.
MS Windows operating environment
Nitropro and Adobe
Desirable
Advanced Excel knowledge
Education & Experience
Essential
Degree
Dip CII or equivalent and working towards ACII
Minimum 3 years relevant experience
Desirable
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
Chaucergroup · Singapore