Total 19 job vacancies by Sompo Insurance Singapore Pte. Ltd.

Actuarial Pricing - Assistant Manager

JOB DESCRIPTION

• Pricing and portfolio monitoring for all lines of business, with a heavier focus on consumer lines.
• Work closely with marketing, claims and other departments on portfolio analysis.
• Mentoring junior members in the actuarial team.
• Manage VP/MS rating engine.
• Assist in other ad hoc actuarial tasks.

EDUCATION / PROFESSIONAL QUALIFICATION

• Graduate with a degree in Actuarial/Statistics/Mathematics.

EXPERIENCE

• At least 4 years’ experience in a non-life actuarial role.
• Prior experience in pricing, GLMs or Singapore market will be a strong advantage.
• Reserving knowledge is a plus.
• SAS or SQL experience is preferred.
• Self-motivated, independent and detail-oriented.

Senior Marine Underwriter, APAC (Cargo)

As an APAC Senior Marine Underwriter, you will play a crucial role in being part of the growth journey of Sompo’s APAC Marine Practice. This will involve evaluating and underwriting large and complex risks for the Region. Assessing new areas of opportunities to achieve our ambition and maintaining a profitable and growing portfolio, and contributing to the overall success of the organization.

Responsibilities include:

• Focus on new business production and renewal retention across a high-growth Marine portfolio
• Underwrites all accounts in accordance with underwriting guidelines and individual underwriting authority
• Make strategic underwriting decisions on large and complex accounts, factoring in market conditions/trends and underwriting guidelines
• Ensure underwriting processes are diligently complied with, focusing on key account information is captured on policy administration systems
• Monitor performance of existing accounts/portfolio, and identify/recommend areas for improvement
• Build and maintain strong relationships with Clients to enhance business retention and new business development
• Collaborate with internal stakeholders to explore cross-sell opportunities where appropriate
• Contribute to the development and enhancements of underwriting guidelines, processes, pricing models and new product offerings (including Freight Forwarders’ Liability product)
• Provide technical underwriting guidance to junior members of the team

Desired Skills & Experience:

• Relevant 5-8 years’ experience in marine cargo underwriting/broking, with exposure to large & complex risks across the APAC region
• Experience in Multinational Marine Programs and/or Project Cargo beneficial
• Ability to work effectively when in a pressured environment
• Strong problem solving and decision-making abilities
• Detail-oriented and organized disposition
• Competent in all Microsoft Product suites, with strong excel skills

Risk Engineer

JOB DESCRIPTION

• Conduct risk survey and loss control service in professional and efficient manner
• Support the regional group companies on matters relating to underwriting technical risk upon their requests
• Providing support to my Manager in terms of administering the delivery of services to clients or our regional group companies, to support the business profitability and client management
• Provide training and seminars to fellow junior engineers and clients and underwriters
• Meeting the group KPIs or targets

EDUCATION / PROFESSIONAL QUALIFICATION

• Diploma in Mechanical Engineering and/or Diploma in General Insurance
• Fire Safety Manager / Safety Officer
• Preferably experienced in the insurance industry
• Fluent in English both speaking & writing

EXPERIENCE & ANY SPECIFIC SKILLS SET REQUIRED

• Trained in an engineering discipline, such as mechanical, process, chemical, production engineering, etc.
• At least 3 to 5 years’ experience in working for manufacturing facility(ies), insurer, loss adjuster or similar industries.
• Able to work in a team environment with strong management involvement
• Technical competence and process knowledge (Safety or Risk experience) is preferred
• Willing to take a business trip overseas when required by my Manager
• Excellent communication skills, presentation skills and pleasant personality, and positive mind-set.
• Able to interact with persons at all levels, from workers to managing directors.

Officer (Telesales) - 1 Year Contract

• Presenting and promoting insurance products with clear product knowledge and references, to existing and prospective customers.
• Answer questions about products or the company.
• Ask questions to understand customer requirements and close sales.
• Enter and update customer information in the database.
• Work closely with Team Leader to develop and implement sales and service strategies to achieve (or exceed) committed targets in the relevant products, through tele-sales calls.
• To achieve Key Performance Indicators including sales, quality and operational standards.
• Handle customer’s objection professionally and to conduct sales call in a persuasive and engaging manner with customers to ensure closure.
• Consistently meet and exceed sales targets set by management monthly.

Qualification

• A minimum of 'O' Level or higher.
• Candidate must be certified with BCP and PGI in order to provide advice or promote our insurance products.
• Team player and self-motivated individual.

Temporary Administrative Assistant (4 Months)

JOB DESCRIPTION

• Supporting the team with general administrative duties
• Provide quotations by following the Underwriting guides and procedures.
• To accept and process applications including premium charging base on the pre-underwritten terms of the various insurance schemes and within delegated authority.
• To ensure that the renewal review duties assigned is completed within Code of Practice standards.
• Attending to emails and assignments
• Any other adhoc duties as assigned

EDUCATION / PROFESSIONAL QUALIFICATION

• Diploma holder in any discipline or equivalent

Officer

JOB DESCRIPTION

• Underwriting the risk, servicing and ensuring the risk is accepted in accordance to Underwriting Guide and within Code of Practice.
• To ensure that the renewal management duties assigned is completed within code of practice standards.
• Manage assigned scheme partners including servicing and maintaining good relations with the partners / intermediaries.
• Provide support and build good relations with the intermediaries, with the aim to grow the business.
• Follow up actions where there is discrepancy in declared NCD and claims experiences
• Product Review including support the implementation for the agreed changes including system customization, changes on brochures, policy wordings, rolling out to partners
• Work alongside with the HOD/manager to achieve division top line and bottom line.
• Other adhoc duties as assigned.

EDUCATION / PROFESSIONAL QUALIFICATION

• Diploma holder in any discipline or equivalent
• Mandatory: Certification in General Insurance - BCP and PGI

EXPERIENCE & ANY SPECIFIC SKILLS SET REQUIRED

• Minimum 2 years of relevant experience in general insurance industry

Business Development Executive (FAD)

1. Job Description

1.1 Assist HOD/Department Manager in the Marketing and Technical management of

Commercial Lines portfolio to achieve sustainable and profitable growth

1.2 Develop New Business and service existing Intermediary business.

· Identify and develop Tier 2 and new producers.

· Improve penetration rates with current supportive producers.

1.3 Implement and coordinate marketing projects and initiatives to achieve targets

1.4 Regular visitations to intermediaries to build good rapport and identify new business

opportunities

1.5 Provide quotations on risks within authority and underwriting guidelines; and follow up on the status of quotations until closure

1.6 To review and follow up on all renewal policies to secure renewal business

1.7 Coordinate with internal departments claims, finance, IT and underwriting on related issues.

1.8 Assist in preparation of statistics and reports to track and monitor business

1.9 Any other projects and tasks as assigned

EDUCATION / PROFESSIONAL QUALIFICATION

2.1 Mandatory: Certification in General Insurance (CGI) and Health Insurance (HI)

2.2 Diploma/Tertiary education and/or ACII or other insurance diploma is a plus

3. EXPERIENCE & ANY SPECIFIC SKILLS SET REQUIRED

3.1 Minimum 3 years of experience in general insurance servicing and/or underwriting commercial lines products

3.2 Positive, team-player and service-oriented attitude;

3.3 Good communication and presentation skills

Executive (Japanese Marketing)

Job Description

1. Take charge of Japanese Clients of Overseas Travel Accident Insurance (OTAI) and Overseas Travel Accident Plus (OTAP)

· Customer Support

· Prepare & process Quotation, issuing renewal notice

2. To ensure regular visits to client’s premises at least once a year or more as to make sure client’s demand/need as well as to enhance relationship with clients

3. To quote any risks within underwriting guidelines

4. To review all renewal policies & to recommend new cover (if any) and to improve cover if necessary

5. To review coverage and rates for unfavourable loss ratio clients, and to take necessary measures together with Claim Division timely when needed

6. To follow-up all renewals to ensure policies are being renewed

7. To co-ordinate with internal divisions on documents, claims and other matters

8. To attend to all client’s enquiry & complaints

9. To assist & attend to queries from the subordinates on administrative issues

10. To assist in premium collection within 60days premium warranty period

11. To prepare reports for marketing committee meeting

12. To ensure that all documentations comply with the COP standards

13. To take care of IT related issues when needed

14. Proper instruction and training to officers and admin assistants

15. Any other marketing duties assigned by assistant managers and above

16. To support Japanese Expats requests which are related to using Japanese language

(including communication between Japan HQ) when needed

Education / Professional Qualification

Certification in Baisc Insurance Concepts and Principle (BCP), Commercial General Insurance (CGI), Personal General Insurance (PGI), Health Insurance (HI) is required

Experiences

Communicating and liaising with Japanese clients and Japan HQ is required as part of the job scope. Therefore, proficiency in Japanese is required.

Assistant Vice President - Senior Underwriter

Responsibilities include:

• Focus on building an Financial Institutions portfolio which includes PI/D & O/Crime and Cyber within APAC
• Contribute to the profitable growth of Professional Lines APAC portfolio.
• Conduct broker and client meetings including presentations as required
• Provide input and feedback at the weekly underwriting meetings.
• Develop Financial Institutions products for the APAC region in line with Global Markets overall product strategy and guidelines.
• Creates and utilizes marketing materials and other product collateral to support marketing and production initiatives.
• Develop a broker and cedant plan for each assigned producer/territory; and manage the relationship in terms of analysis, catch up meetings and entertainment.
• Full and thorough underwriting of all accounts in accordance with underwriting guidelines and individual authority granted by management.
• Monitoring all industry and specific account trends. Implementing a field service reputation that is recognized as superior in the industry.
• Experience in portfolio management of a Financial Institutions portfolio

Desired Skills & Experience:

• Bachelor’s Degree minimum
• Minimum 5-10 years underwriting experience
• Experience in underwriting and have technical knowledge of underwriting large banks and Financial Institutions desirable
• Ability to travel to regional countries to build relationship with local business partners
• Self-starter with initiative to solve problem and make decisions.
• Excellent written and oral communication skills
• Exceptional interpersonal skills with the ability to work in a team environment.
• Strong analytical skills
• Ability to work effectively in a pressured environment
• Appetite and hunger to learn and grow and ‘go the extra mile’.
• Eye for detail and ability to organise efficiently
• Competent computer skills

Assistant Vice President - Risk Control Specialist, Energy (APAC Region)

Responsibilities include:

• Partnering with the Energy Team Leader in Singapore for Underwriting, Claims, and Management/Executive teams to support and strengthen corporate business goals, including retention, new business growth, reducing loss exposure, and overall regional profitability;
• Partening with the broader Sompo Risk Control team, sharing capacities, resources, and expertise;
• Ensuring Risk Control surveys and service activities are completed on time, are appropriate for the identified hazards/exposures, and are accurate;
• Undertaking risk control surveys for Energy Clients;
• Monitoring recommendations made by consultants and ensuring critical recommendations are addressed by Clients;
• Providing service quality reviews and risk desk reviews for Underwriters;
• Identifying areas of development for the team and providing coaching and/or training for the strengthening of technical, business, and professional acumen;
• Supporting and promoting corporate, departmental, and team goals, programs, and directives;
• Coordinating work on corporate projects, white papers, or marketing materials;
• Coordinating participation in marketing events and industry-specific events;Partnering with corporate business partners' Claims, Underwriting, Marketing, etc., to enhance the Sompo International brand within the marketplace;Ensuring account renewal activities between field staff and underwriting occur as required to achieve department objectives;
• Assisting senior leadership with budget development and strategic planning;
• Promoting Sompo International's expertise and brand within the marketplace by attending and participating in conferences and recognized industry organizations
• Maintaining a high level of industry awareness and expertise in applicable risk control subject matters.
• Creating client-facing reports and/or loss control surveys;
• Conducting loss control surveys at client locations to determine potential hazards and risk factors to be considered in underwriting/risk selection;
• Analyzing loss trends recognizes opportunities to provide risk control products and/or services that can help reduce losses.
• Attending client/broker meetings, lunches, dinners, and other social outings as applicable.
• Expanding existing relationships and new prospective Energy clients;

Desired Skills & Experience:

• A University degree or equivalent industry accreditation.
• 15+ years' experience in insurance (or industry) with supervisory experience in Risk Control.
• Solid understanding of sound Risk Control processes and techniques.
• Ability to effectively problem solve and find alternative equivalent solutions to complex technical, business, and interpersonal problems.
• Excellent oral and written communication skills.
• Ability to manage conflict achieving successful outcomes and resolution.
• A proven track record of superior analytical, project management and planning skills.
• Demonstrated leadership skills that include the ability to; foster effective client/underwriting relationships, embrace and drive change, and influence others without having a direct reporting relationship.
• A self-starter who can initiate and complete a project with minimal supervision.
• Professional designations from the insurance or risk management industries and knowledge in renewables energy are a plus.

Operations Analyst, APAC

Responsibilities include:

• Lead requirements definition for all business change requests. Collaborate closely with stakeholders to understand business requirements, informational needs and data sources. Translate these business needs into clearly defined and documented detailed business requirements/ functional requirements inclusive of business use cases, process flows, data flows, traceability matrices as well as report mock-ups. Ensure that processes are implemented to take full advantage of the capabilities of the system.
• Implement system automation to enhance process efficiency, improve Data quality and reduce manual errors
• Plan and facilitate user acceptance testing with business stakeholders.
• Collaborate with IT teams effectively in support of the overall business requirements.
• Develop business case justifications and conduct feasibility studies.
• Maintain regular communications with IT and business department managers and business process managers regarding pertinent IT activities.
• Adhere to business analysis processes, departmental standards, style requirements and all other procedures necessary to meet the business objectives and quality change deliveries.
• Perform other duties as assigned

Desired Skills & Experience:

The candidate needs to have:

• 5+ years of business analysis experience in the Commercial insurance industry.
• Strong experience on implementing and supporting policy administration solutions.
• Experienced with Agile SCRUM methodology and business analysis methodologies; working knowledge of both SDLC & PMLC processes.
• Hands-on experience writing both High-level Business requirements and user stories is required.
• Knowledge and experience leveraging both IT solutions and business process improvements.
• Experience operating and interfacing with business management, including negotiation and presentation skills.
• Proven track record of creating clear, concise deliverables that reflect a deep understanding of business needs and technical system needs.
• Excellent problem-solving and analytical skills.
• Excellent communication skills, both written and verbal. Understands communication channels and escalates appropriately.
• Must be proficient with process modeling tools (e.g., Visio). Experience with other visualization tools is beneficial.
• Experience in SQL and Power BI Reporting is an advantage.
• Strong initiative; able to self-manage. Comfortable with ambiguity and able to work through it to get the right things done.
• Must be able to see tasks through to completion without significant guidance.
• Personal time management skills and ability to meet individual and team deadlines.
• Experience using standard project and business tools including, Microsoft Project, Excel, PowerPoint, Project, SharePoint.
• Team player who works well with technical and business resources.

Underwriting Assistant, Multiline Support

Responsibilities include:

• Assist underwriters in submission and underwriting preparation;
• Clear risks accordingly within ImageRight;
• Liaise with Operations when binding accounts;
• Daily underwriting submission data entry;
• Constantly update Underwriting Log once risks have been tasked;
• Monitor Underwriting Log: keeping it fully up to date, making sure underwriters are keeping it up to date, general house keeping;
• Preparation of renewal and pending order reports for weekly team meeting;
• Assist in all other general underwriting administration and processing functions to ensure efficient workflow within the team;
• Assist underwriters with checking of rating models and Conduct Risk Matrix;
• Prepare Policy Documents in conjunction with underwriters;
• Prepare Invoice Documents in conjunction with underwriters;
• Chase renewals when required

File Maintenance and Compliance

• Maintaining all files and documents electronically (Imageright, Guidewire, manually compiled spreadsheets) to ensure the company complies at all times with the regulatory environment as well as internal and external audit guidelines;

General and Ad Hoc Administration and Support

• Including, but not limited to, electronic filing, photocopying, scanning, etc.

Desired Skills and Experience:

• Relevant experience within Insurance Industry;
• Strong problem solving and decision making abilities;
• Excellent written and oral communication skills;
• Exceptional interpersonal skills with the ability to work with a team oriented approach;
• Ability to work effectively in a fast-paced environment;
• Eye for detail;
• Logical thinker;
• Strong time management;
• Ability to organize efficiently;
• Confidence to challenge underwriters;
• Competent computer skills – must include Microsoft Excel, Microsoft Word and Microsoft Outlook as a minimum.

Operations Specialist Lead, APAC

Responsibilities include:

• Ensure proper practices of established operational procedures
• Monitor and revise operational procedures as needed
• Establish controls as per best practices or as required by compliance
• Publish reports as required by management / regulators
• Conduct training to new hires
• Maintain and deliver training programs for the team or business
• Develop business case justifications and present for approvals.
• Maintain regular communications with IT and business department managers and business process managers regarding pertinent IT activities.
• Adhere to business processes, departmental standards, style requirements and all other procedures necessary to meet the business objectives and quality deliveries.
• Manage external vendors if required
• Perform other duties as assigned

Desired Skills & Experience:

The candidate needs to have :

• 5+ years of operations experience in the Commercial insurance industry mainly on reinsurance preferred. Experience is operating Delegate Authorities channel is desired
• Strong experience with policy administration solutions and implementing BAU changes.
• Experienced with Agile SCRUM methodology or project delivery methodologies preferred
• Hands-on experience writing both High-level Business requirements and user stories is desired.
• Knowledge and experience leveraging both IT solutions and business process improvements.
• Experience operating and interfacing with business management, including negotiation and presentation skills.
• Proven track record of creating clear, concise deliverables that reflect a deep understanding of business needs and technical system needs.
• Excellent problem-solving and analytical skills.
• Excellent communication skills, both written and verbal. Understands communication channels and escalates appropriately.
• Experience in SQL and Power BI Reporting is an advantage.
• Strong initiative; able to self-manage. Comfortable with ambiguity and able to work through it to get the right things done.
• Must be able to see tasks through to completion without significant guidance.
• Personal time management skills and ability to meet individual and team deadlines.
• Experience using standard project and business tools including, Microsoft Project, Excel, PowerPoint, Project, SharePoint.
• Team player who works well with technical and business resources.

JOB DESCRIPTION

• Underwrite new business and Service existing business through various intermediary channels (Brokers, Banca-Commercial) to achieve sustainable and profitable growth
• Review renewals and follow up on all renewal policies to secure profitable renewal business and maintain high renewal retention
• Implement and coordinate marketing projects and initiatives to achieve targets
• Assist HOD/Line Manager in all business development activities
• Assist in preparing statistics and reports
• Regular visitations to intermediaries to build good rapport and identify new business opportunities
• Coordinate with internal departments on documentation, claims, finance, IT and underwriting related issues

EDUCATION / PROFESSIONAL QUALIFICATION

• Mandatory: Certification in General Insurance (CGI) and Health Insurance (HI)
• Diploma holder in any discipline or equivalent

EXPERIENCE & ANY SPECIFIC SKILLS SET REQUIRED

• Minimum 2 years of experience in underwriting and servicing commercial lines products e.g. Property, Liability, WIC, etc
• Positive and service-oriented attitude; Good negotiation skills
• Able to work independently and be a good team player

Senior Underwriter, APAC Casualty

Position Overview:

As a Senior Casualty Underwriter in Asia Pacific, you will assume a lead underwriting role of complex and multinational casualty risks for the region. This position requires a high level of expertise in casualty underwriting, strategic thinking, and collaboration with various stakeholders. The Senior Casualty Underwriter plays a key role in shaping underwriting strategies, mentoring junior underwriters, and contributing to the overall success of the organization.

Responsibilities include:

• Focus on new business production and renewal retention in a growing profitable GL portfolio.
• Underwrites all accounts in accordance with underwriting guidelines and individual authority granted by management.
• Make strategic underwriting decisions on large and intricate accounts, considering market conditions and company guidelines.
• Monitor the performance of existing policies, identifying areas for improvement and recommending portfolio adjustments.
• Provide input and feedback at the weekly underwriting meetings.
• Monitors all industry and specific account trends. Implements a field service reputation that is recognized as superior in the industry.
• Cultivate and maintain strong relationships with key clients, brokers, and industry partners
• Act as a senior point of contact for complex client inquiries, negotiations, and conflict resolution.
• Mentor and train junior underwriters, sharing knowledge and best practices to enhance the team's capabilities.
• Contribute to the development and enhancement of underwriting guidelines, pricing models, and product offerings

Desired Skills & Experience:

• Relevant experience in casualty underwriting, with a focus on complex and multiantional risks in the Asia-Pacific region.
• Power BI/PPL experience beneficial but not essential
• Bachelor’s Degree in Finance/Economics background preferred but not essential
• Strong problem solving and decision-making abilities
• Excellent written and oral communication skills
• Exceptional interpersonal skills with the ability to work in a team environment.
• Ability to work effectively in an at times a pressured environment
• Appetite and hunger to learn and grow and ‘go the extra mile’.
• Eye for detail
• Ability to organize efficiently
• Competent in all Microsoft packages