For the past 75 years, MS First Capital has been actively involved in the non-life insurance business both in Singapore and across Asia. Our roots can be traced back to the 1950s where we engaged in writing bothpersonal and commercial lines of non-life insurance business across various classes such as Fire, Engineering, Marine Hull, Marine Cargo, Bond, Professional Indemnity, Motor, Public Liability, Worker's Compensation, Personal Accident and other Miscellaneous Accident.

We are a reputable source of cutting-edge insurance options, catering to a diverse range of clients, both individuals and corporate. We are proud that our financial strength rating of A+ (Superior) with Stable outlook has been reaffirmed by AM Best, given our consistently impressive financial performance. We are also recently awarded Top 300 Employer by the Singapore Opportunity Index for our effort in creating meaningful career pathways, fostering inclusive growth, and investing in our employees potential.

This is a perfect gateway into the highly niche sector of non-life reinsurance, part of Singapore's bustling financial services sector. As a wholly-owned entity of the world-renowned Mitsui Sumitomo Insurance (MSI) Group, we are dedicated to developing young talents for our sector. As a member of our leadership team, you can look forward to career development, professional training, a friendly and collaborative culture and a competitive compensation package.

Responsibilities

Underwrite Non-Marine (Property, Construction, Energy, Engineering and Liability) insurance policies/covers for large and complex commercial risks in Singapore and other Middle East/APACterritories
Manage ongoing insurance broker relations and expectations in relation to underwriting, co-ordinating and ensuring the flow of relevant and timely information and communication between internal functions and external parties
Contribute to managing and developing an agreed portfolio of accounts, negotiate with brokers/customers to achieve favourable terms for the Company
Underwrite allocated cases in line with the agreed processes with the necessary senior direction and support underwrite risks in accordance with the Company's capacity and risk appetite
Review relevant classes of proposals (case by case) and making balanced and well-reasoned recommendation for acceptance of each case above one's authority
Provide error-free documentation to brokers/customers
Ensure transactions are processed within the agreed timeframe supervise and guide the allocated processing team to ensure timely and accurate recording of transactions
Ensure compliance with all laws, regulations, and guidelines, including internal policies, rules and procedures
Develop own skills/knowledge in the functional area with the aim of enhancing the quality of work and achievement of KPIs

Requirements

At least 10 years re/insurance underwriting experience in large/complex commercial risks segment specific experience in the Middle East and/or APAC region is an added bonus
SCI qualification/Membership of Chartered Insurance Institute (UK) or equivalent a Degree in engineering or a related technical discipline will be ideal
Compensation and job title will be commensurate with the candidate's experience level salary range stated in this job posting is meant as a guide only
Knowledge/understanding of the risks underwritten in corporate/commercial segment
Knowledge of commercial insurance underwriting process and market practices
Understanding of reinsurance concept and practices
Experience of conducting risk surveys
Ability to understand/ interpret insurance conditions, clauses and warranties
Ability to identify, analyse and interpret data, statistics and information for evidence-based decision-making

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Manager/Deputy/Assistant Manager, Underwriting