Sompo Insurance Singapore Hiring! Full Time Assistant Underwriter in - Ricebowl

Roles & Responsibilities

Underwriting Support

• Marine 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 Activities

• File 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 Coordination

• Build 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 Development

• Gain 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.