- Outram Central Region (Singapore) Singapore
CHAUCER SINGAPORE PTE. LIMITED Hiring! Full Time Deputy Class Underwriter - Power in Central Region (Singapore), Earn up to SGD 13,000 - Ricebowl
Deputy Class Underwriter - Power
CHAUCER SINGAPORE PTE. LIMITED
Share
Save
Working Location
Job Description
Responsibilities
Job summary
The conventional Power Underwriter plays a crucial role within Chaucer’s Global Energy Practice in driving profitable growth, participate in a dynamic energy underwriting environment and contribute to the team delivering its business plan.
Main duties
Develop new and underwrite renewal risks primarily in conventional power within APAC and MENA region accordance with the syndicate and Divisional Strategy and Business PlanSecondaryclass of business – Renewable Energy (construction and operation of on/offshore solar and wind, BESS, operation of geothermal, hydro power plants, biomass/biogas plants).
Work as an integral part of the Singapore Energy practice (which comprises of Natural Resources, Renewables and Power), create business synergies and work in close cooperation with London within underwriting guidelines and risk appetite.
Perform risk, slip, wording and rating analysis, undertake premium monitoring
Perform pml and aggregation analyses in conjunction with the exposure management team
Monitor risks written and due for renewal.
Monitor claims development
Prepare reports and statistical information as required by the underwriters.
Assist with the developments and enhancements of underwriting systems where applicable, e.g. new and/or enhanced benchmarking models, etc.
Liaise with brokers and develop good working relationships with broking and support teams.
Ensure compliance with and maintenance of internal systems.
Liaise with other business areas within Chaucer as required including credit control, claims, internal risk review, actuarial etc.
Assist in the preparation of files for peer review & liaise with peer reviewer as and when required.
Use market, industrial and other sources to enhance awareness of technical factors and developments relevant to portfolio underwriting and the oil & gas, and renewable energy industry generally.
Attend market risk presentations and market body meetings as and when required
Business travel as and when necessary
Strive to achieve personal objectives as set out by the Team Lead
Compliance with Lloyd’s, Chaucer and MAS regulations and bylaws.
Regulatory responsibilities
Manage the relationships with Customers, Agents and Service Providers:
Advise, assist and service customers on insurance and risk matters to promote customers’ satisfaction;
Foster positive relationships with Customers and attain an understanding of their needs;
Ensure that Customer Complaints are promptly identified, recorded and referred as appropriate; and,
Ensure that the principles of Treating Customers Fairly are upheld by Agents and Service Providers.
Our requirements
Relevant experience
Essential
Proven underwriting or broking experience in Conventional power with good understanding of Singapore insurance market. Minimum of 5-10 years' experience
Knowledge of the Lloyd’s & / or Company Market
Knowledge of conventional power insurance practices and procedures
Desirable
Knowledge of renewable energy both construction and operation insurances.
Electrical/Mechanical Engineer training;
Powerplant working experience
Technical skills
Confident and good communication skills to collaborate with colleagues and external stakeholders.
Microsoft office packages
Good knowledge of MS Excel. office365, Teams
Knowledge of Copilot
Education& Experience
Essential
Degree holder from recognised universities
GCSE Maths grade B or above
Minimum of 5other GCSE’s grade C or above
3A Levels (A-C)
Desirable
ACII or equivalent (CPCU or ARM)
Range of outside courses to be considered, as may be required
Personal skills
Well-presented and business-like
Professional outlook
Flexible at all times
Very good interpersonal skills
Excellent organisational skills
Excellent communication skills with the ability to liaise at all levels
Work as part of a team
Adapt to a pressured environment
Self-motivated
Capable of working to a timetable when required
The conventional Power Underwriter plays a crucial role within Chaucer’s Global Energy Practice in driving profitable growth, participate in a dynamic energy underwriting environment and contribute to the team delivering its business plan.
Main duties
Develop new and underwrite renewal risks primarily in conventional power within APAC and MENA region accordance with the syndicate and Divisional Strategy and Business PlanSecondaryclass of business – Renewable Energy (construction and operation of on/offshore solar and wind, BESS, operation of geothermal, hydro power plants, biomass/biogas plants).
Work as an integral part of the Singapore Energy practice (which comprises of Natural Resources, Renewables and Power), create business synergies and work in close cooperation with London within underwriting guidelines and risk appetite.
Perform risk, slip, wording and rating analysis, undertake premium monitoring
Perform pml and aggregation analyses in conjunction with the exposure management team
Monitor risks written and due for renewal.
Monitor claims development
Prepare reports and statistical information as required by the underwriters.
Assist with the developments and enhancements of underwriting systems where applicable, e.g. new and/or enhanced benchmarking models, etc.
Liaise with brokers and develop good working relationships with broking and support teams.
Ensure compliance with and maintenance of internal systems.
Liaise with other business areas within Chaucer as required including credit control, claims, internal risk review, actuarial etc.
Assist in the preparation of files for peer review & liaise with peer reviewer as and when required.
Use market, industrial and other sources to enhance awareness of technical factors and developments relevant to portfolio underwriting and the oil & gas, and renewable energy industry generally.
Attend market risk presentations and market body meetings as and when required
Business travel as and when necessary
Strive to achieve personal objectives as set out by the Team Lead
Compliance with Lloyd’s, Chaucer and MAS regulations and bylaws.
Regulatory responsibilities
Manage the relationships with Customers, Agents and Service Providers:
Advise, assist and service customers on insurance and risk matters to promote customers’ satisfaction;
Foster positive relationships with Customers and attain an understanding of their needs;
Ensure that Customer Complaints are promptly identified, recorded and referred as appropriate; and,
Ensure that the principles of Treating Customers Fairly are upheld by Agents and Service Providers.
Our requirements
Relevant experience
Essential
Proven underwriting or broking experience in Conventional power with good understanding of Singapore insurance market. Minimum of 5-10 years' experience
Knowledge of the Lloyd’s & / or Company Market
Knowledge of conventional power insurance practices and procedures
Desirable
Knowledge of renewable energy both construction and operation insurances.
Electrical/Mechanical Engineer training;
Powerplant working experience
Technical skills
Confident and good communication skills to collaborate with colleagues and external stakeholders.
Microsoft office packages
Good knowledge of MS Excel. office365, Teams
Knowledge of Copilot
Education& Experience
Essential
Degree holder from recognised universities
GCSE Maths grade B or above
Minimum of 5other GCSE’s grade C or above
3A Levels (A-C)
Desirable
ACII or equivalent (CPCU or ARM)
Range of outside courses to be considered, as may be required
Personal skills
Well-presented and business-like
Professional outlook
Flexible at all times
Very good interpersonal skills
Excellent organisational skills
Excellent communication skills with the ability to liaise at all levels
Work as part of a team
Adapt to a pressured environment
Self-motivated
Capable of working to a timetable when required
Important Information
Never provide your bank or credit card details when applying for jobs. Do not transfer any money or complete unrelated online surveys. If you see something suspicious, Report this Job ad.
Learn More