1. MAIN TASKS AND RESPONSIBILITIES
Assist Team Leader/Senior Underwriter in the underwriting and management of Commercial Lines portfolio to achieve sustainable underwriting profit and premium growth;Aim to achieve a good working understanding of risk exposures and policy terms and conditions. Take steps towards deep learning and specializing in two lines of business. Accept only risks which one can understand;Adhere to underwriting/corporate guidelines;Collaborate with Distribution to identify opportunities and strategies in support of growth in Commercial Lines segments and develop appropriate underwriting solutions for our intermediaries/insureds. This includes research and development of new products and initiatives to meet changing customer needs that align with our company’s interests.Collaborate with Distribution to bring in new business and maintain high renewal retention;Support Distribution in engaging with intermediaries/insureds and conduct regular account review with the aim of improving underwriting results and premium growth.Assist the Team Leader/Senior Underwriter to achieve the performance objectives of the team and maintain a high level of service;Participate in any other projects and tasks as assigned
2. EDUCATION / PROFESSIONAL QUALIFICATIONMandatory: Certification in General Insurance (CGI) and Health Insurance (HI)Diploma/Tertiary education and/or ACII or other insurance diploma is a plus
3. EXPERIENCE & ANY SPECIFIC SKILLS SET REQUIREDMinimum 4 years of experience in general insurance servicing and 3 years in underwriting commercial lines products;Positive and service oriented attitude; good negotiation skills;Hands on, pragmatic with some leadership experience
Responsibilities
Develop and maintain data analytics and visualisation tools to support all lines of business.Participate in technical pricing for a wide range of products, including both consumer and commercial segments.Conduct profitability analyses and provide insights to stakeholders on product performance and underwriting arrangements.Collaborate closely with underwriting, claims and other departments on portfolio analysis and pricing-related initiatives.Manage VP/MS rate setup for new and existing products, ensuring the accuracy of premium calculation.Assist in ad hoc actuarial related projects.
Requirements
Minimum of 5 years working experience in non-life actuarial role.Graduate with a degree in Actuarial/Statistics/Mathematics.Prior experience in pricing, GLMs and portfolio monitoring / analytics.Familiar with Singapore insurance industry will be a strong advantage.Reserving knowledge is a plus.SAS, Radar or SQL experience is preferred.Self-motivated, independent and detail-oriented.
RESPONSIBILITIESSupport policy fulfilment for all Consumer Lines policies. Process new policies, renewal policies and endorsements within stipulated service standards including policy turnaround time and accuracy in policy documentation.Liaise with internal customers to complete policy processing and documentation. Undertake checker and approver roles within delegated authority. Participate in User Acceptance Testing for system enhancements, process improvements and defects.Assist on any other duties and activities when required.
EDUCATION / PROFESSIONAL QUALIFICATION Diploma holder in any discipline.Certification in General Insurance or relevant insurance qualifications will be an added advantage
WORK EXPERIENCE & ANY SPECIFIC SKILLS SET REQUIREDMinimum 2 years of experience in handling policy fulfilment for Consumer Lines policies in direct insurance companiesProficient in Microsoft Word and Excel. Possess good time management skills, strong ability to perform under pressure and extremely adaptable to changes.Highly organized with a keen eye for details, good communication and interpersonal skills.Has high level of integrity, ownership and teamwork spirit.
Roles & Responsibilities
Underwriting SupportMarine Hull and Aviation teams to support underwriting activities incompliance with company guidelines.Assist in the assessment of risks for new and renewal business within the Marine Hull and Aviation portfolios.Prepare underwriting submissions, review policy terms and conditions, and ensure compliance with company underwriting standards.Provide recommendations and decisions on straightforward risks, under supervision.Manage small underwriting authority to handle simple renewals and issue endorsements, ensuring accuracy and adherence to internal policies.Post-Bind ActivitiesFile underwriting documents and correspondence into the shared drive/folder to maintain organized and accurate records for audit and compliance purposes.Prepare booking instructions for the Operations team to ensure accurate premium processing and record-keeping.Monitor and manage endorsements, ensuring timely processing and documentation.Conduct premium reconciliation to verify accuracy and resolve discrepancies incoordination with relevant teams.Client and Team CoordinationBuild and maintain strong relationships with brokers, clients, and internal stakeholders to support business retention and development.Assist in managing inquiries from brokers and clients, providing timely responses and solutions.Professional DevelopmentGain exposure to underwriting principles and processes under the mentorship of senior underwriters.Develop skills to manage and sign endorsements independently.Gradually take on more complex underwriting responsibilities as proficiency is demonstrated.Qualifications:Bachelor’s degree in Business, Finance, Insurance, or a related field (preferred).3-5 years of experience in Marine Hull LOB is required.Experience in Aviation LOB is preferred but not essential.Strong organizational skills and attention to detail.Excellent written and verbal communication skills.Proficiency in Microsoft Office Suite, particularly Excel, Word, and Outlook.Ability to work effectively in a fast-paced environment, both independently andcollaboratively.Key Competencies:Industry Expertise: Proven knowledge and experience in Marine Hull underwriting; familiarity with Aviation insurance is advantageous.Analytical Skills: Ability to evaluate data and provide insights to support underwriting decisions.Time Management: Capable of managing multiple tasks effectively and meeting deadlines.Collaboration Strong interpersonal skills to work seamlessly within teams and build relationships with stakeholders.Attention to Detail: High level of accuracy in handling documentation and processes.Problem Solving: Ability to address challenges and make sound decisions under pressure.Career Development:This role provides an excellent opportunity for professional growth, with the potential to be granted underwriting authority to manage and sign endorsements, as well as handle simple renewals independently in the near future.
We are seeking a Credit, Political & Financial Risk – APAC, Underwriter / Senior Underwriter within our APAC Commercial team, based in Singapore.
The Underwriter/Senior Underwriter will report to the Head of Political & Financial Risk APAC. The role involves:Analysing & underwriting potential transactions in various different areas of structured credit finance, including but not limited to: Commodity Finance, Corporate Finance, Asset Finance, Sovereign Risk, Project Finance, Leverage Finance, Derivatives, Fund Finance, Acquisition Finance.Developing Sompo International’s business franchise in Asia.Participating in the decision process as to which transactions are accepted.Working with Group Risk Management, Actuarial & Claims functions as required.Assisting in debt workout and recovery operations.Portfolio Management.Involvement in risk strategy as part of the business planning process.
Responsibilities:Develop, source, structure, assess and underwrite credit and political risk insurance transactions with both brokers and clients.Work with the Credit Risk Analyst team on risk assessments.Review and assess transaction documentation, policy wordings.Ensure the business handled meets Sompo’s compliance & legal requirements.Working directly with clients on the management of in-force transactions.Liaising with other staff within the company, such as ERM / Actuarial so that the company can assess and price risk appropriately.Staying informed about appropriate legal, compliance and market risk related issues.
Desired Skills and ExperienceAnalyzing financial information, such as FS statements, management accounts and cash flow statements, financial models,Ability to understand and assess all forms of debt / trade finance instruments, structured transactions, and loan agreements,Strong knowledge of transaction documentation and legal environment,Ability to work in a close team environment,5 + years’ experience in a similar role within either a Credit Insurer or Lending institution,Strong background in Finance & Economics,Good communication skills (written/oral) and an ability to deal with personnel at all levels,Good organizational skills.
Key Responsibilities
Finance Data and Process AutomationDrive and implement process enhancement initiatives to improve operational efficiency, reporting accuracy, controls and governance, including: a. Finance system implementations, upgrades and integrations. b. Automation of financial close processes, and optimization of data workflows to minimize manual efforts and maximize productivity. c. Strengthen internal controls and compliance while improving transparency and accuracy.Collaborate with APAC and global Finance teams on strategic projects and ad hoc tasks to strengthen data governance, ensure seamless integration with other systems, and align processes with best practices and organizational objectives.Conduct training and provide guidance to Finance teams, enabling them to effectively use programming and data management tools to drive automation and innovation in financial processes.
Financial ClosingSupport month-end, quarter-end and year-end closing processes, including the preparation and posting of journal entries to ensure accurate and timely financial results.Collaborate with cross-functional teams, including Underwriting, Claims, Actuarial, IT and Reinsurance, to ensure accurate, consistent and complete data for financial reporting and group intercompany reconciliations.
Financial ReportingPrepare and review the regulatory and statutory reporting in compliance with MAS requirements and IFRS 17 standards.Prepare and deliver accurate monthly financial reporting packages and group reporting submissions, in accordance with group reporting requirements and timelines.Assist with external and internal audits, including preparing detailed schedules, supporting documentation and timely responses to audit queries.
Requirements and QualificationsBachelor’s degree in Accountancy, Finance, Actuarial Science, Data Science or a related discipline.Minimum of 3–5 years of hands-on experience in regulatory and financial reporting, process improvement and data analytics.Professional qualifications such as CA Singapore, ACCA, CPA, actuarial certifications, or data analytics credentials are highly desirable.Prior experience in insurance financial reporting or working with renowned audit firms is an advantage.
SkillsAbility to improve performance and efficiency through the implementation of effective business intelligence techniques and strategies.Experience in automation and/or scripting and coding languages (e.g. VBA, R, Python).Able to work with multiple data sources using tools like Excel, SAS, SQL, Power BI, is an added advantage.Knowledge of ERP accounting systems e.g., SAP, SUN, or other equivalent systems.
Key CompetenciesAccountability and reliability in delivering high-quality work.Strong analytical skills and attention to detail.Ability to prioritize tasks and consistently meet tight deadlines. Strong communication and collaboration abilities.Proven ability to work autonomously while contributing positively to team-oriented projects.
