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Open nowPosted 2 days ago

Underwriting (All Lines and Levels)

MyCareersFuture94,028 open roles

Pay
SGD 5,000 – SGD 10,000 a month
Where
Central, Singapore
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Your applicationOpen nowUnderwriting (All Lines and Levels)MyCareersFuture · Central, Singapore

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The clock on this job

Early applications get read.

7.9% of postings close within 7 days. Measured by our own scanner across the market.

Share of postings closed within
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  2. 3.4%3 days
  3. 7.9%7 days
  4. 14.2%14 days
  5. 34.1%30 days
This job: posted 2 days ago

The posting

About Us

For the past 76years, MS First Capital has been actively involved in the non-life insurance business both in Singapore and across Asia. Our roots can be traced back to the1950s where we engaged in writing both personal and commercial lines of non-life insurance business across various classes such as Fire, Engineering, Marine Hull, Marine Cargo, Bond, Professional Indemnity, Motor, Public Liability, Worker's Compensation, Personal Accident and other Miscellaneous Accident.

We are a reputable source of cutting-edge insurance options, catering to a diverse range of clients, both individuals and corporate. We are proud that our financial strength rating of 'A+ (Superior)' with 'Stable' outlook has been reaffirmed by AM Best, given our consistently impressive financial performance. We are also recently awarded Top 300 Employer by the Singapore Opportunity Index for our effort in creating meaningful career pathways, fostering inclusive growth, and investing in our employees' potential.

This is a perfect gateway into the highly niche sector of non-life reinsurance, part of Singapore's bustling financial services sector. As a wholly owned entity of the world-renowned Mitsui Sumitomo Insurance (MSI) Group, we are dedicated to developing talents for our sector. As a member of our talent pool, you can look forward to comprehensive professional training, sponsorship of professional qualifications, a friendly and collaborative culture and a competitive compensation package.

Responsibilities

  • Manage ongoing broker relations and expectations in relation to underwriting, coordinating and ensuring the flow of relevant and timely information and communication between internal functions and external parties
  • Contribute to managing and developing an agreed portfolio of accounts
  • Negotiate with brokers/ customers to achieve favourable terms for the Company
  • Underwrite allocated cases in line with the agreed processes with the necessary senior direction and support
  • Make balanced and well-reasoned recommendation for acceptance of each case above one's authority
  • Underwrite risks in accordance with the Company’s capacity and risk appetite
  • Provide error-free documentation to brokers/cedants
  • Ensure transactions are processed within the agreed timeframe
  • Supervise and guide the allocated processing team to ensure timely and accurate recording of transactions
  • Ensure compliance with all laws, regulations, and guidelines, including internal policies, rules and procedures

Requirements

  • The actual job title/level and business line assignment offered to the final candidate(s) will depend on their experience
  • Proficient in Microsoft Office (Word/Excel)
  • Good communication and organization skills
  • Good time management
  • Team player

Due to the volume of applications received, we will only contact shortlisted candidates. We may retain your personal data for as long as it is necessary to fulfil the purposes for which they were collected, or as required or permitted by applicable laws. Should you disagree, please contact our Data Protection Officer <[email protected]> for more information on the retention and disposal of your personal data.

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