Underwriting Executive

Location: Singapore

Department: Commercial Lines

Type: Full Time

Min. Experience: Experienced

Liberty Insurance Singapore is a 100% owned strategic business unit of Liberty Mutual Insurance Group. Headquartered in Boston, Liberty Mutual Insurance Group is a diversified global insurer and the 5th largest property and casualty insurer in the U.S based on 2015 direct written premium. It ranks 73rd on the Fortune 100 list of largest corporations in the U.S. based on 2015 revenue. As of 31 December 2015, Liberty Mutual Insurance Group had US$121.7 billion in consolidated assets, US$102.5 billion in consolidated liabilities and US$37.6 billion in annual consolidated revenue.

Liberty Mutual Insurance Group operates with a global view across five continents and employs more than 50,000 employees in approximately 800 offices throughout the world.

Due to the growth of our business in Singapore an exciting opportunity has arisen for a Underwriting Executive to join our team in the Singapore office.

Responsibilities

 

  • Monitor and up keep all outstanding cover notes to be declared. Ensure all open cover declarations submission on time on monthly basis
  • Review and verify data, such as vessel details and accumulations, OFAC clearance, Open Covers, Cover Notes
  • Process, prepare and submit eCerts, policies, endorsements, cover notes, open cover 
  • Maintain and keep proper records of the usage of all open covers, cover notes, and eCerts. Ensure the prompt return of unused documents.
  • Check policy terms, conditions, premium ratings, reinsurance share, commission/brokerage, agency code and other information required for policy documentation
  • Keep proper record of files, policies, endorsements, open covers, cover notes
  • Organize and work with detailed office records, maintaining files in common share files, OmniDoc etc
  • Provide helpdesk service to users using eCargo and escalate problems to internal helpdesk team (IT / System provider)
  • Comply with all legal and regulatory requirements to ensure obligations are met
  • Assist to quote on all queries
  • Adhere to underwriting standards, instructions and good practice to minimize risks and maximize efficiency
  • Attend and assist clients, agents inquiries pertaining to online system, documentation matters promptly
  • Ensure compliance with Company’s reinsurance treaties-limits, terms and conditions to protect Company’s net exposure.
  • Provide support and assistance to managers and all other responsibilities as and when required.

Requirements

 

  • GCE “A” or Polytechnic Diploma
  • Singapore College of Insurance’s General Certificate in Insurance
  • ACII or ANZIIF
  • 3 years working experience in Marine Insurance

 

 

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