Assistant Underwriter, Facultative, Casualty & Financial
IPS Group
Singapore, GB
11d ago

Our client, a global provider of reinsurance solutions for large and complex risks across business lines, is looking to hire an Assistant Underwriter in their Singapore headquarters.

The Assistant Underwriter, Facultative, Casualty and Financial Lines, will :

  • work within a team of Facultative Casualty and Financial Lines Underwriters, each of whom will have dedicated territorial responsibilities;
  • assist underwriters to underwrite, manage and steer a portfolio of Facultative Casualty and Financial Lines risks, profitably;
  • assist the Underwriters in developing and servicing a book of Facultative Casualty and Financial Lines business;
  • attend formal and informal training including learning from Underwriters and Senior Underwriters within the team; and
  • collaborate closely with stakeholders from other lines of business to achieve the directions, targets and goals for the team.
  • Job Summary

  • Assist to write a book of Facultative Casualty and Financial Lines risks in designated territory(ies) in line with the company's target industries / occupancies, portfolio mix and profit expectations
  • Assist in servicing current client base - cedants and intermediaries - through regular dialogue and technical exchanges
  • Adhere to the company's Underwriting Guidelines and Best Practice, as well as its Code of Conduct; contribute towards enhancement or fine-
  • tuning of such guidelines

  • Assist in formulating market-specific strategies, together with the Heads and Underwriters from other lines of business
  • Assist the Head and Senior / Underwriters in review of the Underwriting Guidelines and propose improvements, changes or amendments, when and where needed
  • Be accountable for the quality of the portfolio and completeness of its records
  • Keep track of the claims incurred and assist, when needed the Claims Department, in the handling and settlement of the claims
  • Any other responsibilities or duties that may be assigned by the Head of Facultative, Casualty and Financial Lines.
  • General Requirements

  • Fluency in spoken and written English
  • At least 2 years of underwriting experience in facultative insurance, practical experience in risk analysis and in the use of rating methods, basic familiarity with standard wordings and clauses prevalent in the various markets
  • Possesses a good knowledge of the risk landscape in the underlying industries as well as a basic familiarity with the markets, the distribution systems and of the key players
  • Self-starter with the ability to work in a multi-disciplinary team
  • Minimum Education Requirements

  • Degree holder and / or ACII qualification or equivalent
  • Other equivalent technical qualification would be desirable
  • Candidates with the relevant experience and proven track record will also be considered
  • Apply
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