80 Junior Underwriting Manager jobs in Singapore

Underwriting Manager, Casualty page is loadedUnderwriting Manager, Casualty Apply locations Singapore time type Full time posted on Posted 8 Days Ago job requisition id JR2503957

At AIG, we are reimagining the way we help customers to manage risk. Join us as an Underwriting Manager in Casualty to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.

Make your mark in Underwriting

AIG Underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, and Multinational Clients. We are reimagining how we help customers to manage risk, transforming our operating model and reshaping our role responsibilities and career pathways. The goal is to unlock the full potential in each colleague – empowering our people to grow as insurance professionals and add more value to our customers and AIG.

How you will create an impact

This is a key leadership role in our Singapore Casualty team in which you will take ownership for achieving goals and outcomes. You will be tasked with managing colleagues and overseeing a range of programs and processes, in addition to handling complex underwriting.

This role will allow you establish relationships with producers and develop a reputation with peers and in the market. You will be managing your own portfolio of accounts and developing business opportunities. Our clients come from a full spectrum of SMEs to Large Corporate Multinationals and Regional Wholesale/Reinsurance.

• People management is a key aspect of the role – you will promote a culture of collaboration, inclusivity and learning, while mentoring and developing colleagues through effective leadership, role modelling and training programs. You will aim to facilitate personal growth and career development in support of succession planning.
• You will also play a key role in new business development, including attending broker events, and building new relationships across the market.
• Underwriting of Casualty lines in accordance to underwriting authority including: WICA,Public/Products Liability, Environmental Impairment Liability, Product Recall.
• Day to day servicing of existing portfolio – both renewals and new business.
• Work alongside actuarial departments and claims on complex risks.
• Manage referrals to management to support underwriting decisions and actions.
• Prioritize workload to achieve internal and external deadlines.
• Contribute to Singapore and APAC projects when necessary, including digital transformation.
• Striving to meet profit center and personal new business budget targets.
• Identify business opportunities and convert ideas to reality through product development and enhancement.
• Work with other Departments across AIG to achieve corporate objectives.
• Build on the Company profile in the market.
• Proactively keep up to date with industry and business issues.

What you’ll need to succeed

• Experience in managing and underwriting Facultative RI business, Casualty products and dealing with Brokers channel.
• Strong network in the Casualty space.
• The ability to analyze financial statements.
• Strong communication, networking and relationship building skills.
• Good organizational and time management skills.
• Customer and Sales orientated behaviors: motivated, tenacious, focused, technically skilled, proactive, and accountable.

Ready to take your career to the next level? We would love to hear from you.

#LI-RO1

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of inclusion

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to .

Functional Area:

As a global risk leader with deep industry expertise and innovative solutions to smartly manage risk, AIG enables our clients’ growth in ways they never thought possible.

We also do the same for our colleagues, because we know our people are our greatest strength – the source of every insight, every idea and every innovation. When we're working as one team to do what's right for our colleagues and our communities, we can achieve excellence together. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.

• Underwrite Marine business in accordance with the company's philosophy and Underwriting Guidelines.
• Maintenance of an intimate knowledge of all business sources to ensure underwriting decisions are based on all pertinent criteria.
• Visits to client locations for purposes of risk assessment, risk and loss control and information gathering purposes.
• Conduct underwriting reviews of HDI Marine portfolio in Asia Pacific in order to ensure proficiency and compliance with the company's objectives, instructions, guidelines and reinsurance arrangements.
• Involve Loss Control / Risk Engineering Service as required.

• Execution of marketing philosophy to clients and brokers.
• Attendance at appropriate conferences, seminars, discussion groups, meetings and involvement with industry bodies as considered beneficial to the company and after approval from the Managing Director.
• Coordination of internal training courses/ seminars for external clients in cooperation with management team.
• Interstate and Overseas travel as considered necessary with approval of the Managing Director.
• Research and Development of new Marine products to meet the customers' needs.

• Input in respect to premium, loss ratio, budgets and including distribution sources and growth forecast, quarterly in cooperation with the Managing Director.
• Input to Monthly Management report relative to market conditions, underwriting, new business opportunities, quotations won/lost.
• Preparation of appropriate reports on portfolio performance (develop growth strategies and pipelines for target markets).
• Involvement in weekly underwriting/trading meeting with all other Product Managers to review business written and overall philosophy.
• Actively support all other lines offered by HDI.
• Training of staff in the Marine Insurance class.
• Periodic reports as required for local and overseas management.

• Completion of appropriate underwriting worksheets, premium calculation detail and risk information for systems input.
• Preparation/ maintenance and overview of all underwriting files, slips and policy wordings.

• Ensure that risks underwritten conform to Marine treaties scope of cover.
• Place facultative reinsurance, subject to approval, as required with company approved professional reinsurers.
• Seek and obtain any special acceptance under the Marine reinsurance treaties where required by nature of the risks being insured by the company.
• Ensure compliance with underwriting guidelines.
• Apply approved Marine Department rating model as a guide as part of the rating / pricing underwriting process.

• Underwrite Marine business in accordance with the company's philosophy and Underwriting Guidelines.
• Maintenance of an intimate knowledge of all business sources to ensure underwriting decisions are based on all pertinent criteria.
• Visits to client locations for purposes of risk assessment, risk and loss control and information gathering purposes.
• Conduct underwriting reviews of HDI Marine portfolio in Asia Pacific in order to ensure proficiency and compliance with the company's objectives, instructions, guidelines and reinsurance arrangements.
• Involve Loss Control / Risk Engineering Service as required.

• Execution of marketing philosophy to clients and brokers.
• Attendance at appropriate conferences, seminars, discussion groups, meetings and involvement with industry bodies as considered beneficial to the company and after approval from the Managing Director.
• Coordination of internal training courses/ seminars for external clients in cooperation with management team.
• Interstate and Overseas travel as considered necessary with approval of the Managing Director.
• Research and Development of new Marine products to meet the customers' needs.

• Input in respect to premium, loss ratio, budgets and including distribution sources and growth forecast, quarterly in cooperation with the Managing Director.
• Input to Monthly Management report relative to market conditions, underwriting, new business opportunities, quotations won/lost.
• Preparation of appropriate reports on portfolio performance (develop growth strategies and pipelines for target markets).
• Involvement in weekly underwriting/trading meeting with all other Product Managers to review business written and overall philosophy.
• Actively support all other lines offered by HDI.
• Training of staff in the Marine Insurance class.
• Periodic reports as required for local and overseas management.

• Completion of appropriate underwriting worksheets, premium calculation detail and risk information for systems input.
• Preparation/ maintenance and overview of all underwriting files, slips and policy wordings.

• Ensure that risks underwritten conform to Marine treaties scope of cover.
• Place facultative reinsurance, subject to approval, as required with company approved professional reinsurers.
• Seek and obtain any special acceptance under the Marine reinsurance treaties where required by nature of the risks being insured by the company.
• Ensure compliance with underwriting guidelines.
• Apply approved Marine Department rating model as a guide as part of the rating / pricing underwriting process.

Motor Underwriting Leadership Position

This leadership role is responsible for driving profitable growth of our portfolio through tactical underwriting actions, including case underwriting, portfolio management, product development and reinsurance support. Key performance indicators include frequency, loss ratio, referral turnaround-time and revenue.

The Underwriting Manager will develop and maintain local underwriting guidelines and authorities, manage a small team of underwriters, participate in projects as a project lead or member, and represent the company at industry associations or regulators.

• Develop effective business processes for new business, endorsements and renewals
• Manage and maintain Underwriting Guidelines and local Authorities to ensure compliance
• Ensure vehicle listing data is accurate and up-to-date
• Determine insurance admin system requirements and perform quality assurance and user testing
• Respond quickly to underwriting irregularities and escalate as required
• Continuously improve work processes for better efficiency
• Conduct annual reviews of policy wordings and Underwriting Authorities
• Regularly review operational performance and provide management reports with recommendations for improvement
• Monitor trends against budget/target at portfolio and segment level, Accident Year and Financial Year basis
• Evaluate anomalies and report to CEO
• Develop targets considering financial goals, customer expectations, market performance and current performance

Key Requirements:

• At least 5 years of Motor Underwriting Experience

What We Offer:

• A dynamic work environment
• Ongoing professional development opportunities

About the Role:

This is a challenging and rewarding opportunity for a seasoned underwriter to take on leadership responsibilities and drive business growth.

Munich RE, a leading global reinsurer, is recruiting for a Senior Life Underwriting Manager for its High Net Worth (HNW) business. A dominant player in the HNW market, Munich RE Singapore reinsures business written out of the 3 main jurisdictions - Singapore, Hong Kong and Bermuda.

Reporting to the Head of HNW Underwriting for Munich Re Singapore, this senior role involves contributing to the development and execution of profitable HNW business growth by delivering excellence in underwriting standards and client management for ultra-high net worth risks.

As part of the HNW Team you will demonstrate the highest standards in risk acceptance including delivery of flexible solutions to win complex facultative referrals whilst adhering to Munich Re's risk philosophy.

Your Role

• Contribute to the day-to-day operations of the HNW underwriting team including attainment of agreed turnaround times and maintenance of highest quality technical decisions on complex and ultra-large risks.
• Responsibility for managing relationships with a selection of treaty clients and supporting general client management of HNW carriers.
• Assist your team to become a Centre of Competence in all areas of risk selection, providing training and guidance to new team members / teams as required.
• Involvement in quotations for new and existing treaties, including creation of appropriate guidelines for medical and financial risks and residency classification tables tailored to specific HNW characteristics
• Perform market research on underwriting practices and products, including any emerging trends in the local and global life insurance market.
• Showcase Munich Re's leadership in HNW by participating in local and regional marketing activities and industry functions (e.g., seminars, workshops, specialist presentations)
• Perform regular technical underwriting audits on treaty clients

Your Profile

• Technical underwriting skills of the highest order
• Minimum of 5 years HNW underwriting in Singapore, Hong Kong or Bermuda
• Minimum of 10+ years overall experience in underwriting life, disability and critical illness applications
• Qualification in professional insurance exams, e.g., Chartered Insurance Institute, Academy of Life Underwriting or equivalent
• Experience in product development, business administration and client relationship management
• Flexible and hybrid working arrangement
• Generous annual leave allowance
• Comprehensive dental, life and health insurance coverage
  
  

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experience, perspectives and thought. This interaction is the foundation of our open culture, spirit of partnership, of how our teams are built and cultivated, and of how we are supported and developed. And at the centre of this interaction is each of us.

Job Description:

The Underwriting Manager is responsible for delivering sustainable, profitable growth of our portfolio through the execution of tactical underwriting actions ranging from case underwriting, portfolio management, product management and development, and reinsurance support. The role's key metrics include frequency, loss ratio, referral turnaround-time and revenue. The role is expected to develop and maintain local underwriting guidelines and authorities, whilst managing a small team of underwriters (two). Active participation in projects either as project lead, member or subject matter expert, depending on the nature of the project is anticipated along with representing the company at various workgroups and committee set-up by industry associations or regulators. The role reports directly to the Chief Executive Officer.

• Ensure new business, endorsements and renewal processes are effective, appropriate and compliant
• Manage and maintain Underwriting Guidelines and local Underwriting Authorities ensuring effective compliance thereof
• Ensure vehicle listing data is complete and groupings and descriptions are up to date
• Define insurance admin system and website user requirements and perform QA and user testing
• Quickly respond to underwriting irregularities and escalate as required
• Continuously improve work processes to ensure better work efficiency
• Conduct annual reviews of policy wordings and Underwriting Authorities
• Regularly review operational performance and provide management reports, setting out clear recommendations for performance improvement and implementation
• Monitoring of trends against budget/target at both portfolio and segment level, Accident Year and Financial Year basis
• Escalate anomalies observed with cause-and-effect to CEO
• Development of targets considering multiple factors such as financial goals, customer expectations, market performance, current performance, severity / frequency trends etc.
• Develop plans, implement actions to achieve targets

Requirements:

• Must have at least 5 years of Motor Underwritng Experience

Kindly apply online or send your application to

EA: 15C7572

Job Summary

• Accounting Professional Opportunity

We are seeking a highly skilled and experienced accounting professional to join our team. The ideal candidate will have a strong background in financial analysis, budgeting, and financial reporting.

The selected candidate will be responsible for ensuring timely and accurate month-end closing, analyzing financial information, and coordinating with internal parties to support intercompany activities.

The role requires the ability to plan, analyze, and solve problems, as well as possess excellent written and verbal communication skills to work closely with the team.

1. Ensure timely and accurate month-end closing, including analysis of financial information for reporting to management;
2. Responsible for accounting processes and tasks, including accounts payable and accounts receivable, general ledger, account reconciliation, and other related duties;
3. Coordinate and liaise with internal parties to support intercompany activities, including handling claims and insurances renewal;
4. Support and ensure compliance with all finance filing requirements, tax filing requirements, audits, procedures, and forms both statutory and non-statutory;
5. Verify daily petty cash and monthly reimbursement claims, handle staff purchases, and monitor day-to-day financial operations within the company;
6. Analyze financial reports and review and finalize accounting work completed by your team;
7. Support ad-hoc assignments as required.

• Degree in Accounting or related fields;
• At least 6 years of relevant experience in Accounting;
• Possesses leadership skills;
• Meticulous and organized;
• Able to plan, analyze, and solve problems, conscientious and accurate;
• Excellent written and verbal communication skills to work closely with the team.

Job Title: Financial Analysis Specialist

We are seeking a highly skilled and experienced professional to fill the role of Financial Analysis Specialist.

Key Responsibilities:

• Perform fixed cost analysis, calculate costs and conduct SAP maintenance
• Assist in month-end closing, year-end closing, and budgeting processes
• Analyse raw material costs and pricing
• Prepare monthly management accounting reports and costing reports
• Support budget estimation activities and actual variance analysis
• Calculate transfer prices and conduct stock taking and inventory reconciliation
• Provide ad-hoc support for all accounting duties

Requirements:

• Degree or diploma in Finance or Accounting
• Minimum 2 years of experience in Costing field
• Prior SAP knowledge is preferable

Working Hours: Monday to Friday, 9am-5pm
Location: Near Buona Vista MRT

Key Responsibilities:

• Carry out fixed cost analysis and costing calculations, including SAP maintenance.
• Prepare month-end accounts closures and assist in closing procedures.
• Assist in monthly management accounting reports and costing reports.
• Conduct raw material cost and pricing analyses.

Requirements:

• Degree in Finance or Accounting is preferred.
• Minimum 2 years of experience in the Costing field is required.
• Familiarity with SAP knowledge is advantageous.