The Deputy Director provides leadership of the Group Insurance function. Responsibilities include
managing group-wide renewal programs; understanding the Group insurable risks and identifying
appropriate policies/products to insure against risk. The Deputy Director reports to SVP Head of
Treasury and Insurance in Finance dept, and maintains regular contact with local and overseas
business including relevant corporate functions such as Finance, Group Risk, Procurement, Legal,
HR, Investment/M&A, Cyber ITD, etc.
What You'll Do:
- Renewal of existing insurance program for the Group including collection of underwriting data for submission (including overseas subsidiaries); obtain competitive premium terms from the insurance advisor to achieve savings, reduced risk gaps and improved coverage
- Arrange and procure local insurance policies (including locally admitted programs) for our overseas assets and operations
- Perform insurance related risk assessments with relevant stakeholders covering risk identification, analysis, evaluate the adequacy of limits and establish recommendations for insurance program changes.
- Administer policy contract and relevant database
- Review policy premium including invoicing, allocation, payments
- Evaluation, selection and management of brokers.
- Handle insurance queries including reviewing insurance, indemnification and related terms in contracts and providing timely, relevant feedback to stakeholders
- Review Requests for Proposals and new business ventures to analyse new risk issues associated with new business opportunities and communicates to the business whether coverage exists under current insurance programs.
- Support M&A and financing projects and other strategic initiatives by evaluation/securing appropriate coverages.
- Assist with insurance due diligence reviews including relevant site inspections
- Leading the preparation of the annual insurance budget
- Report and handle claims administration including queries, negotiation and resolve loss claims with insurance brokers
What You'll Need:
- Diploma or degree holder with (minimally) Certificate of General Insurance.
- Proficient in Microsoft Applications especially Excel, Word & Powerpoint
- Hands-on team player with positive mindset and who thrives in a fast-paced environment
- Strong negotiation skills
- Strong internal stakeholder management skills is expected
- Minimal 10 years of experience on non-life commercial corporate insurance matters including reviewing of complex P&C, Fin-Lines policy wordings.
- Experience on procuring and arranging overseas insurance policies
- Knowledge of insurance market practice in SEA countries especially China, Vietnam and Thailand is an added advantage
- Prior experience in the insurance industry (with a broker firm or insurance company)
- Strong stakeholder management skills and good working knowledge of MS Office skills
- Attention to details is required
What We'll Provide:
- Immerse in a positive work environment that promotes/fosters teamwork and collaboration
- You will receive attractive remuneration for good performance.
- You will work in teams that thrive on collaboration for outstanding achievements
