Assistant Underwriter - Reinsurance

About The Job

What you’ll spend your time doing:

• Manage all submissions received from stakeholders, by means of purpose-built tools and business applications so that workload can be appropriately managed across the team, and so that key steps in the transactional lifecycle are met on time.

• Support quotes, and underwriting and service of allocated accounts and operate within agreed authority parameters. 

• Work closely with Claims in reviewing and recommend action on contentious claims and to monitor claims movements on accounts. 

• Ensure that all underwriting documentation is attached to the underwriting workflow system and indexed accurately, in a timely manner, at the point of policy inception and during the life of the policy as updates are received.

• Enter all risk details on to the underwriting system, ensuring high levels of accuracy – preparing base rating files for underwriters for review and discussion

• Conduct accuracy checks on the work of the other underwriting assistants

• Ensure the effective development of client / broker relationships – beginning to demonstrate a good understanding of the clients and the market in which they operate and how we can drive their risk needs.

• Represent MS Amlin at corporate / networking events, ensuring that the MS Amlin values and behaviours are upheld at all times

• Track and report developments affecting the business of the class and raise as appropriate, to the Senior Underwriters or Underwriting Management

• Participate in the monitoring of premium payments and liaise with Brokers and CRT where necessary

• Support Finance and Credit Control in the management of outstanding premiums and general premium payment queries.

• Participate in the monitoring of underwriting against the Business Plan drawing attention to exceptions where identified.

• Assistance with exposure management and aggregate capture work as well as RDS tracking

• Liaison with other areas of the business such as risk analytics for RMS, AIR and the Actuarial function

• Assistance with resolving standard risk review queries

• Conduct role in accordance with the Company’s Business Ethics policy and all regulated entities as appropriate

• Manage all queries in a professional and efficient manner

• Assist Underwriters in generating and analysing reports relating to income, business volumes, renewals, performance and overall portfolio management.

• Build and produce required reports (from business applications and Excel) in line with metrics provided by the Underwriters.

• Maintain and continuously seek to enhance existing tools and reporting frameworks used by the Underwriters and Underwriting Management.

• Management Information

• Support Underwriting Management in the administration of all data adequacy reporting and respond to Underwriting Management queries when raised, in consultation with Underwriters.

• Ensure data in our underwriting system is accurate and updated as required and validated at designated times in the calendar year.

• Ensure rating templates are complete and maintained – saved to the required location and their contents align to other key underwriting applications and tools.

• Support with quarterly reserving exercises lead by Finance function.

• Annually review and update all policy and procedure documentation of the Administrative function of Crisis Management Underwriting, including User Guide(s) and other relevant materials, in consultation with Operations Function.

• Keep abreast of changes in process or procedure cascaded from Underwriting Management – support Operations in the effective implementation of those procedures locally.

You’re going to enjoy this job if you also…

• Keen learner – working towards completion of CII accreditation

• Demonstrate understanding of the Political environment across the globe and how this impacts on insurance provision.

• High attention to detail and accuracy

• Are a strong problem solver

What you’ll need:

• Good knowledge and experience with relevant Reinsurance underwriting or broking expertise within the Singapore Market

• Ability to effectively influence and negotiate skills

• Excellent communication skills

• Sound financial and commercial acumen

What you can expect from us:

A competitive salary and benefits package is a given, but you can also expect:

• A great team and supportive colleagues

• An open mind (especially to new ideas and ways of doing things)

• A strong focus on diversity, inclusion and equal opportunities

• A programme of wellbeing and mental health support

• Employer-supported volunteering (ESV)

• Flexible working

• Continuous learning

• Study support

• Structured career development