Job Description
The successful candidate will be part of SIA's Insurance & Provident Funds Department in the Finance Division. He/She will report directly to the Vice-President Insurance.
Key Responsibilities
- Renewal of insurance policies under your charge:
- Collate and review required information from different sources within the SIA Group (including joint venture entities) and prepare underwriting data for submission to brokers.
- Review the information collated for accuracy and completeness.
- Prepare management papers for renewal of insurance policies, evaluate renewal proposals received from brokers, and conduct market research on industry developments to assess competitiveness of proposals.
- Coordinate with brokers and insurer/reinsurers to issue certificates of insurance, and check and process premium invoices and recharge to subsidiaries on a timely basis.
- Handling of claims reported by business units within the SIA Group:
- Assess and evaluate assigned insurance claims and report to insurer/reinsurers on a timely basis.
- Monitor and follow up and ensure timely settlement by insurer/reinsurers.
- Physical inspection of damaged assets or property where necessary.
- Providing timely advisory to business units:
- Assist and support business units with clarifications on existing insurance cover and insurance requirements.
- Provide timely advice pertaining to insurance coverage and indemnity clauses in contracts and agreements to business units.
- Support business units on special projects, advising on new insurance coverage availability and price.
- Digitalisation or IT upgrading project participation and/or oversight
Requirements
- Possess a degree in finance, business or actuarial studies. Fresh graduates are welcome to apply.
- Professional qualification in Insurance or Associateship of Chartered Insurance Institute (ACII) or equivalent would be an advantage but not necessary.
- Prior relevant work experience in the General Insurance industry would be an advantage.
- Possess strong analytical and numerical skills.
- Able to build and maintain open and trusting partnerships with internal and external stakeholders.
- Make well-considered and timely decisions in work and assigned projects, while paying attention to critical details.
- Possess excellent planning, organisation and time management skills.
- Able to multitask, work under pressure, and highly motivated to achieve optimum results.