Job Purpose
To assist senior underwriters in providing administrative support, assessing and evaluating Marine risks to drive business retention and growth, and ensuring profitability and stability of the Marine Insurance portfolio.
The Job
- Underwrite and provide quotations in accordance with assigned authorized limits and within the company's underwriting guidelines and treaty terms
- Arrange for placement of facultative reinsurance as required
- Review renewal of accounts and Marine Open Covers, negotiate renewal terms and follow up on policy renewals before the expiry
- Issue cover notes and follow up on shipment declarations of cover notes and Marine Open Cover
- Visit intermediaries and clients for business development and service feedback
- Liaise with the Operation Team for policy processing and Accounts Team in credit control activities if needed
- Provide Help Desk service to intermediaries and clients on enquiries pertaining to eMarine web-based generated documentation and basic technical support
- Review vessel accumulation and reinsurance allocation of eMarine web-based policies for data processing
- Participate in User Acceptance Testing (UAT), if required
- Assist in products development and enhancement
- Perform customer and vessel screening via inhouse system for compliance against Anti Money Laundering /Counter Financing of Terrorism in line with the Group Policy
- Participate in any ad-hoc project assigned
- Take accountability in considering business and regulatory compliance risks and take appropriate steps to mitigate the risks
- Maintain awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risks and better safeguard the company
- Highlight any potential concerns/risks and proactively share best risk management practices
- Degree holder preferable with professional insurance qualification (eg. ACII)
- Minimum 2 years of relevant working experience
- Good communication and written skills
- Good interpersonal skills
- Proficient in MS Word, Excel and PowerPoint
- Team player and able to work independently.
- High level of integrity, take accountability of work and good attitude over teamwork
- Take initiative to improve current state of things and adapt in embracing new changes
How You Succeed
- Champion and embody our Core Values in everyday tasks and interactions.
- Demonstrate high level of integrity and accountability.
- Take initiative to drive improvements and embrace change.
- Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
- Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.
Who We Are
Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei. The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of AA- by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia. Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
To All Recruitment Agencies
Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.
Work Locations
SG-GE Centre
Job
Underwriting
