Deputy Class Underwriter - Cargo (Singapore)
Job summary
Based in Singapore, participate in a dynamic Marine underwriting environment focused on Cargo, and contribute to the team delivering on its business plan with a regional ASEAN and broader Asia focus.
Main duties
Underwriting
- Contribute to the growth of business by assisting 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 modelling/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 and 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 requirementsRelevant experience
Essential
- Knowledge of the Lloyd's & / or Company Market
- Knowledge of Marine Cargo, 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
Education & Experience
Essential
- Degree
- Dip CII or equivalent and working towards ACII
- Minimum 5 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
