Total 11 job vacancies by Price Forbes Broking (asia) Pte. Ltd.

Job Description

For Price Forbes Companies situated within the Asia-Pacific, you are required to provide support to the Broking Teams as required on the following: -

1. (Re)insurance New & Renewal Business and Endorsement Processing for all lines of business (Employee Benefits, Property, A&H, and Special Risks).
2. Assist with the preparation of slips for all markets involved on accounts.
3. Preparation of all (re)insurance related technical documentation, ensuring completeness and accuracy – Evidence of Covers (EOCs), Endorsements & Addenda.
4. Support with correspondence to clients and markets as required.
5. Maintain client files, ensuring all correspondence is correctly filed for ease of review.
6. Attend client or underwriter meetings as required.
7. Perform any other ad hoc duties as reasonably required by the broking teams.

Job Requirements

• Responsible for (Re)insurance New & Renewal Business and Endorsement non-financial processing as assigned.
• Review and verify placement documents and ensure accuracy against all correspondence.
• Ensure the insurers and reinsurers are in the approved security listings.
• Collate all documentation necessary to onboard new clients and markets.
• Ensure completeness of checklists.
• Ensure timely and accurate issuance of the (re)insurance related documentation, meeting service standards and document turnaround time.
• Brokers liaison.
• Update of pipeline and renewal tracking spreadsheets.
• Ensure accuracy of clients’ & market information
• Support annual audit and E&O review as a team.
• To handle filing and documentation, including annual files archive. Ensuring documents are saved and files are passed on to the others in accordance with Company Rules and Procedures.
• Perform any other duties as assigned.

Representing Price Forbes:

• Champion the PF name and core values.
• Represent PF with clients, agents, suppliers and other organisations.

Compliance:

• Comply with relevant legal, regulatory and compliance requirements, E&O compliance procedures and quality initiatives.
• Escalation of any potential E&O's to Division Head / Directors at the earliest opportunity.
• Ensure completion of all mandatory Company training and to deadline.

Knowledge Required:

• Detailed understanding and knowledge of Insurance & Reinsurance and relevant legal principles.
• Detailed understanding of the Company’s internal procedures and practices.

Requirements / Skills Required

• Diploma holder or equivalent with at least 3 years of relevant experience.
• Collaborative team working approach.
• Ability to prioritise and organise own workload.
• Ability to work under pressure.
• Ability to work with employees at all organisational levels.
• Accurate and attention to detail.
• Good written and verbal skills.
• Proficiency in Microsoft Office 365 (Outlook, Excel, Word) and Adobe.
• Only Singaporeans & SPRs need apply.

Job Description

• To effectively manage and grow the Power, Downstream & Renewables (re)insurance team, including production and placement activities into the Singaporean and international markets.
• To identify and act upon new business opportunities which promote the profitable development of the business.
• To lead the development of Power, Downstream & Renewables (re)insurance business in line with the Company's plans and targets.
• To oversee and ensure the prompt placement of Power, Downstream & Renewables reinsurance contracts in accordance with the client’s requirements and needs, in a timely manner in accordance with regulatory requirements acting in the best interest of the client and the company at all times.
• To provide a quality service to clients covering all aspects of their (re)insurance arrangements; to advise, arrange, and secure the appropriate cover at a competitive premium.
• To assume responsibility for and to oversee:

1. The renewal business portfolios
2. New business production
3. The marketing & placement of risks
4. Client Servicing
5. Growing the team as we build out our wider Power, Downstream & Renewables capabilities in Singapore

• To represent the Power, Downstream & Renewables Department and Company internally and externally.
• To be responsible for the leadership and management of (re)insurance intermediation for the team.
• To agree the financial and operational targets for the Power, Downstream & Renewables Department with the CEO.
• To lead effective and regular communication within the Power, Downstream & Renewables Department and with other Departments.
• To advocate and ensure sound business practices compliant with the Company’s Rules and Procedures and other management instructions, in particular with regard to:

1. The conduct and recording of business
2. Confirmations and evidencing of cover
3. Recording and filing of all communications and discussions
4. The safeguarding of client monies
5. The escalation and reporting of breaches, errors & omissions, disputes and complaints

• Liaison with other Directors and senior managers to ensure that a coordinated approach is adopted on matters with cross-company impact.
• Reporting to the CEO in a timely manner to update on the Power, Downstream & Renewables Departments performance and ensure the CEO and Compliance Officer are made aware of:

1. Any matter which might expose the Company to a claim, legal action or regulatory action/investigation.
2. Any serious disciplinary cases.
3. Any substantial failure to comply with the external regulatory and legislative framework.

• To advocate and ensure and an adequate and proactive risk control framework within the team.
• To ensure that they and their wider team adopt and uphold best practices and act in a compliant manner at all times, including with regards to the handling of clients, filing of documentation, tracking of enquiries, handling of claims and processing of business.
• Any other relevant tasks that the CEO may from time to time require you to enact.

Representing Price Forbes

• Champion the Price Forbes name and core values.

1. Collaborative – we build on our own experience of innovation to push boundaries in partnership with clients.
2. Tenacious – we are relentless and clear-sighted in our pursuit of new and ground-breaking ideas.
3. Creative – we take a fresh perspective on risk, seeking new solutions to the trickiest questions.
4. Open – we are open-minded and future-ready, and we embrace uncertainty.

• Represent Price Forbes with clients, agents, suppliers and other organisations.

Compliance

• Comply with relevant legal, regulatory and compliance requirements, E&O compliance procedures and quality initiatives.
• Escalation of any potential E&O's to Division Head / Directors at the earliest opportunity.
• Ensure completion of all mandatory Company training and to deadline.

Your scope of duties is not restrictive and may be expanded at the company’s discretion.

Regulatory Responsibilities / Knowledge Required:

• To be familiar with the detailed regulatory obligations imposed by Monetary Authority of Singapore (MAS).
• To ensure you are trained and competent to perform your duties to the required standard and in compliance with the Monetary Authority of Singapore (MAS) regulations.
• Detailed understanding and knowledge of general insurance and underlying legal principles.
• Detailed understanding of the Company’s internal procedures and practices.

Requirements / Skills Required:

• Previous exposure to a leadership and management role(s), track record as a trusted team leader as well as a good team player.
• Ability to organize and delegate tasks effectively.
• Ability to prioritize and organize own workload to ensure that deadlines are adhered to and targets are met.
• Ability to work under pressure and to manage, lead, motivate and influence others.
• Excellent written and verbal communication skills.
• Ability to develop and sustain relationships with both internal and external parties.
• Confidence in representing the department or the company both internally and externally.
• Proficient computer skills, such as Microsoft suites, etc.

Job Description

• To support and work closely with CEO and Assistant Director, Facultative to manage and grow the Facultative portfolios, including production and placement activities into the international markets.
• To identify and act upon new business opportunities on a wholesale and facultative basis which promote the profitable development of the business.
• To participate in the development of the Facultative reinsurance business in line with Company's plans and targets.
• To facilitate the prompt placement of Facultative reinsurance contracts in accordance with the client’s requirements and needs, in a timely manner in accordance with regulatory requirements acting in the best interest of the client and the company at all times.
• To provide a quality service to clients covering all aspects of their reinsurance arrangements; to advise, arrange and secure the appropriate cover at a competitive premium.
• To assume responsibility for:

1. The renewal business portfolios
2. New business production
3. The marketing & placement of risks
4. Client Servicing

• To meet the financial and operational targets set by the Department.
• To promote effective and regular communication within the Department and with other Departments.
• To promote and ensure compliance with the Company’s Rules and Procedures and other management instructions, in particular with regard to:

1. The conduct and recording of business
2. Confirmations and evidencing of cover
3. Recording and filing of all communications and discussions
4. The safeguarding of client monies
5. The escalation and reporting of breaches, errors & omissions, disputes and complaints

• Support the liaison with other departments to ensure that a coordinated approach is adopted on matters with cross-company impact.
• Reporting to the line manager on a timely manner to update on the performance and ensure the line manager is made aware of:

1. Any matter which might expose the Company to a claim, legal action or regulatory action/investigation.
2. Any serious disciplinary cases.

Representing Price Forbes

• Champion the Price Forbes name and core values.

1. Collaborative – we build on our own experience of innovation to push boundaries in partnership with clients.
2. Tenacious – we are relentless and clear-sighted in our pursuit of new and ground-breaking ideas.
3. Creative – we take a fresh perspective on risk, seeking new solutions to the trickiest questions.
4. Open – we are open-minded and future-ready, and we embrace uncertainty.

• Represent Price Forbes with clients, agents, suppliers and other organizations.

Compliance

• Comply with relevant legal, regulatory and compliance requirements, E&O compliance procedures and quality initiatives.
• Escalation of any potential E&O's to Division Head / Directors at the earliest opportunity.
• Ensure completion of all mandatory Company training and to deadline.

Your scope of duties is not restrictive and may be expanded at the company’s discretion.

Regulatory Responsibilities / Knowledge Required:

• To be familiar with the detailed regulatory obligations imposed by Monetary Authority of Singapore (MAS).
• To ensure you are trained and competent to perform your duties to the required standard and in compliance with the Monetary Authority of Singapore (MAS) regulations.
• Detailed understanding and knowledge of general insurance and underlying legal principles.
• Detailed understanding of the Company’s internal procedures and practices.

Requirements / Skills Required:

• Previous exposure to a leadership and management role(s), track record as a trusted team leader as well as a good team player.
• Ability to organize and delegate tasks effectively.
• Ability to prioritize and organize own workload to ensure that deadlines are adhered to and targets are met.
• Ability to work under pressure and to manage, lead, motivate and influence others.
• Excellent written and verbal communication skills.
• Ability to develop and sustain relationships with both internal and external parties.
• Confidence in representing the department or the company both internally and externally.
• Proficient computer skills, such as Microsoft suites, etc.

Job Description

• To lead on the Facultative Financial Lines team and to support and work closely with fellow employees to manage and grow the broader Financial Lines (re)insurance portfolios, including production and placement activities into the Singaporean and international markets.
• To identify and act upon new business opportunities which promote the profitable development of the business.
• To lead the development of Facultative Financial Lines (re)insurance business in line with the Company's plans and targets.
• To oversee and ensure the prompt placement of Facultative Financial Lines reinsurance contracts in accordance with the client’s requirements and needs, in a timely manner in accordance with regulatory requirements acting in the best interest of the client and the company at all times.
• To provide a quality service to clients covering all aspects of their (re)insurance arrangements; to advise, arrange, and secure the appropriate cover at a competitive premium.
• To engage existing clients to ascertain if there are further opportunities.
• To lead on Facultative Financial Lines and to support the broader Financial Lines teams on :

1. The renewal business portfolios
2. New business production
3. The marketing & placement of risks
4. Client Servicing
5. Growing the team as we build out our wider Facultative Financial Lines capabilities in Singapore

• To meet the financial and operational targets set by the team.
• To lead effective and regular communication within the Financial Lines Department and with other Departments.
• Liaison with other teams to ensure that a coordinated approach is adopted on matters with cross-company impact.
• To promote and ensure compliance with the Company’s Rules and Procedures and other management instructions, in particular with regard to:

1. The conduct and recording of business
2. Confirmations and evidencing of cover
3. Recording and filing of all communications and discussions
4. The safeguarding of client monies
5. The escalation and reporting of breaches, errors & omissions, disputes and complaints

• Support the liaison with other departments to ensure that a coordinated approach is adopted on matters with cross-company impact.
• Reporting to the line manager in a timely manner to update on the Facultative Financial Lines Departments performance and ensure the line manager and Compliance Officer are made aware of:

1. Any matter which might expose the Company to a claim, legal action or regulatory action/investigation.
2. Any serious disciplinary cases.
3. Any substantial failure to comply with the external regulatory and legislative framework.

• To advocate and ensure and an adequate and proactive risk control framework within the team.
• To exercise judgment when reviewing proposals, either new or renewals.
• To maintain up-to-date and orderly files, and ensure documents are saved and files are passed on to others in accordance with Company Rules and Procedures.
• Any other relevant tasks that your line manager may from time to time require you to enact.

Representing Price Forbes

• Champion the Price Forbes name and core values.

1. Collaborative – we build on our own experience of innovation to push boundaries in partnership with clients.
2. Tenacious – we are relentless and clear-sighted in our pursuit of new and ground-breaking ideas.
3. Creative – we take a fresh perspective on risk, seeking new solutions to the trickiest questions.
4. Open – we are open-minded and future-ready, and we embrace uncertainty.

• Represent Price Forbes with clients, agents, suppliers and other organisations.

Compliance

• Comply with relevant legal, regulatory and compliance requirements, E&O compliance procedures and quality initiatives.
• Escalation of any potential E&O's to Division Head / Directors at the earliest opportunity.
• Ensure completion of all mandatory Company training and to deadline.

Your scope of duties is not restrictive and may be expanded at the company’s discretion.

Job Description

• To effectively manage and grow the Australian and New Zealand Wholesale (re)insurance team, including production and placement activities into the Singaporean and international markets.
• To identify and act upon new business opportunities which promote the profitable development of the business.
• To lead the development of Australian and New Zealand Wholesale (re)insurance business in line with the Company's plans and targets.
• To oversee and ensure the prompt placement of Australian and New Zealand Wholesale (re)insurance contracts in accordance with the client’s requirements and needs, in a timely manner in accordance with regulatory requirements acting in the best interest of the client and the company at all times.
• To provide a quality service to clients covering all aspects of their (re)insurance arrangements; to advise, arrange, and secure the appropriate cover at a competitive premium.
• To assume responsibility for and to oversee:

1. The renewal business portfolios
2. New business production
3. The marketing & placement of risks
4. Client Servicing
5. Growing the team as we build out our wider Wholesale capabilities in Singapore

• To represent the Australian and New Zealand Wholesale Department and Company internally and externally.
• To be responsible for the leadership and management of (re)insurance intermediation for the team.
• To agree the financial and operational targets for the Australian and New Zealand Wholesale Department with the CEO.
• To lead effective and regular communication within the Australian and New Zealand Wholesale Department and with other Departments.
• To advocate and ensure sound business practices compliant with the Company’s Rules and Procedures and other management instructions, in particular with regard to:

1. The conduct and recording of business
2. Confirmations and evidencing of cover
3. Recording and filing of all communications and discussions
4. The safeguarding of client monies
5. The escalation and reporting of breaches, errors & omissions, disputes and complaints

• Liaison with other Directors and senior managers to ensure that a coordinated approach is adopted on matters with cross-company impact.
• Reporting to the CEO in a timely manner to update on the Australian and New Zealand Wholesale Department’s performance and ensure the CEO and Compliance Officer are made aware of:

1. Any matter which might expose the Company to a claim, legal action or regulatory action/investigation.
2. Any serious disciplinary cases.
3. Any substantial failure to comply with the external regulatory and legislative framework.

• To advocate and ensure and an adequate and proactive risk control framework within the team.
• To ensure that they and their wider team adopt and uphold best practices and act in a compliant manner at all times, including with regards to the handling of clients, filing of documentation, tracking of enquiries, handling of claims and processing of business.
• Any other relevant tasks that the CEO may from time to time require you to enact.

Representing Price Forbes

• Champion the Price Forbes name and core values.

1. Collaborative – we build on our own experience of innovation to push boundaries in partnership with clients.
2. Tenacious – we are relentless and clear-sighted in our pursuit of new and ground-breaking ideas.
3. Creative – we take a fresh perspective on risk, seeking new solutions to the trickiest questions.
4. Open – we are open-minded and future-ready, and we embrace uncertainty.

• Represent Price Forbes with clients, agents, suppliers and other organisations.

Compliance

• Comply with relevant legal, regulatory and compliance requirements, E&O compliance procedures and quality initiatives.
• Escalation of any potential E&O's to Compliance Officer and Executive Directors at the earliest opportunity.
• Ensure completion of all mandatory Company training and to deadline.

Your scope of duties is not restrictive and may be expanded at the company’s discretion.

Job Description

• To generate new business revenue by securing new clients for the Division and the Company
• To foster various avenues & partnerships to enable growth.
• To foster internal collaboration across the various Price Forbes product lines and across offices.
• To develop a team of Business Development colleagues with shared principles across the region of responsibility
• To contribute in building a profitable and scalable book of business.
• To continue to develop skills and knowledge to provide excellent client service.
• To ensure compliance with regulations and adherence to the highest standard of best practices and ethics.

Job Requirements

• Prepare market slips and submissions based on deal/client’s placement needs.
• Assist client to prepare the proposal form/ market submission.
• Advise clients on their obligations.
• Understand the insurance cover of each client and deal with all queries in a timely and professional manner.
• Provide a pro-active advocacy service to clients to expedite the settlement of claims, liaising between all parties and actively chasing information.
• Maintain a pipeline and ensure all deals are entered and updated in our internal systems as required.
• Complete compliance checks as relevant.
• Ensure all revenues are booked in a timely manner.
• Calling on prospects and clients for new business opportunities.
• Maintain proper meeting and call records.
• Work on management reporting as may be required.
• Continuously improving skills and knowledge base.
• Improving work processes to the desired level of efficiency.
• Prepare and deliver presentations as may be required.
• Follow up on premium receipts, payments, and timely claims settlement.
• To ensure sound business practices and an adequate and pro-active risk control framework within the team and work within authority.
• Learn the use of company systems and processes, and help drive and encourage adoption of it throughout Price Forbes and ensure that tracking is completed promptly to reflect the status of any risk.
• To exercise judgment when reviewing proposals, either new or renewals.
• To ensure files are passed on to the others in accordance with Company Rules and Procedures.
• To refer to senior colleagues, when issues fall outside your own experience and knowledge.
• To cross-sell various other products and solutions.
• Travel as may be required to meet prospects, clients, markets and partners.
• Manage and undertake assigned work to time scales as directed.

Knowledge Required:

• Detailed understanding and knowledge of general and credit, political risk insurance, surety solutions and relevant legal principles.
• Detailed understanding of the Company’s internal procedures and practices
• Certification in General Insurance (CGI) or any equivalent professional qualification as required
• Knowledge of finance and banking, ability to understand financial statements

Skills Required:

• Bachelor’s degree level or equivalent.
• More than 5 years of relevant experience in Trade Credit, Political Risks & Surety.
• Ability to develop new business.
• Ability to work to tight deadlines.
• Strong negotiation and influencing skills.
• Ability to build and maintain profitable long-term relationships with clients and insurers.
• Ability to handle multiple priorities in a fast-paced environment.
• Strong analytical, verbal and written communication skills.
• Accurate and attentive to detail.
• Ability to work with employees at all organizational levels.
• Proficiency in Microsoft Office (Excel, word, power point) & Outlook

Job Description

• To support and work closely with Executive Director, Facultative to manage and grow the Facultative portfolios, including production and placement activities into the international markets.
• To identify and act upon new business opportunities on a wholesale and facultative basis which promote the profitable development of the business.
• To participate in the development of the Facultative reinsurance business in line with Company's plans and targets.
• To facilitate the prompt placement of Facultative reinsurance contracts in accordance with the client’s requirements and needs, in a timely manner in accordance with regulatory requirements acting in the best interest of the client and the company at all times.
• To provide a quality service to clients covering all aspects of their reinsurance arrangements; to advise, arrange and secure the appropriate cover at a competitive premium.
• To assume responsibility for:

1. The renewal business portfolio
2. New business production
3. The marketing & placement of risks
4. Client Servicing

Job Requirements

• The leadership and management of reinsurance intermediation for the team including business production, risk placing, and client servicing and associated functions.
• To meet the financial and operational targets set by the Department.
• To promote effective and regular communication within the Department and with other Departments.
• To promote and ensure compliance with the Company’s Rules and Procedures and other management instructions, in particular with regard to:

- the conduct and recording of business

- confirmations and evidencing of cover

- recording and filing of all communications and discussions

- the safeguarding of client monies

- the escalation and reporting of breaches, errors & omissions, disputes and complaints

• Support the liaison with other departments to ensure that a co-ordinated approach is adopted on matters with cross-company impact.
• Reporting to the line manager on a timely manner to update on the performance and ensure the line manager is made aware of:

- Any matter which might expose the Company to a claim, legal action or regulatory action/investigation.

- Any serious disciplinary cases.

- Any substantial failure to comply with the external regulatory and legislative framework.

• To ensure sound business practices and an adequate and proactive risk control framework within the team.
• To ensure that Tracking is completed promptly to reflect the current status of any risk.
• To exercise judgement when reviewing proposals, either new or renewals.
• To be a Producing and Placing broker, as required.
• To ensure files are passed on to the others in accordance with Company Rules and Procedures.

Regulatory Responsibilities / Knowledge Required:

• To be familiar with the detailed regulatory obligations imposed by Monetary Authority of Singapore (MAS).
• To ensure you are trained and competent to perform your duties to the required standard and in compliance with the Monetary Authority of Singapore (MAS) regulations.
• Detailed understanding and knowledge of general insurance and underlying legal principles.
• Detailed understanding of the Company’s internal procedures and practices.

Requirements / Skills Required:

• Previous exposure to a leadership and management role(s), track record as a trusted team leader as well as a good team player.
• Ability to organize and delegate tasks effectively.
• Ability to prioritize and organize own workload to ensure that deadlines are adhered to and targets are met.
• Ability to work under pressure and to manage, lead, motivate and influence others.
• Excellent written and verbal communication skills.
• Ability to develop and sustain relationships with both internal and external parties.
• Confidence in representing the department or the company both internally and externally.
• Proficient computer skills, such as Microsoft suites, etc.

Job Purpose:

• To facilitate the prompt placement of reinsurance contracts in accordance with the client’s requirements and needs, in a timely manner in accordance with regulatory requirements acting in the best interest of the client at all times.
• To provide a quality service to clients covering all aspects of their insurance arrangements; to advise, arrange and secure the appropriate cover at a competitive premium.
• Providing support to the Accident and Health Broking Team in the preparation of placement slips & endorsements and placing process, and to work on allocated tasks and projects as directed in order to facilitate the business operations.
• Understand the workings of the company and each of its functions, as well as the market that the business operates in.

Main Responsibilities:

• To manage the reinsurance intermediation as part of the team including production, risk placing, client servicing, claims handling and associated functions.
• To produce clear and accurate documents and wordings for clients which provide the best possible cover in the market and adhere to all regulatory requirements.
• Use appropriate class of business knowledge to produce contract documents and documents suited to the client’s needs.
• Check and recommend amendments to policies/contract documents produced by others prior to agreement by Underwriters.
• Check final contract documents against slip or proposal details to ensure appropriateness of the proposed standard policy.
• Create original and complex contract documents and maintain database of contract documents and policy information.
• Provide advice on contract documents within specified classes of business.
• Resolve Underwriter’s queries in a timely manner.
• Learn the use of GXB, and help drive and encourage adoption of it throughout Price Forbes and to ensure that Tracking is completed promptly to reflect the status of any risk.
• To ensure sound business practices and an adequate and pro-active risk control framework within the team and work within authority.
• To exercise judgement when reviewing proposals, either new or renewals.
• Maintain up-to-date and orderly files, and ensure documents are saved and files are passed on to the others in accordance with Company Rules and Procedures.
• Work closely with Finance and Technical Processing department in resolving accounting and technical queries.
• Provide and gather information to and from Clients, Underwriters, Brokers, and Technical Processing Colleagues as required.
• Manage and undertake assigned project work to time scales as directed.
• Evaluate workflow system and policy status and report on regular basis.
• Facilitate KYC compliance checks as relevant.
• Calling on prospects and clients for new business opportunities.
• Maintain proper meeting and call records.

Client Service:

• Understand the insurance cover of each client and provide pro-active service to expedite the production of policies, liaising between all parties and actively chasing information.
• Provide pro-active service to expedite the production of policies, liaising between all parties and actively chasing information.
• Deal with all client queries in a timely and professional manner.

Essentials:

• Diploma holder or equivalent.
• Minimum 2 years A&H Facultative technical experience in a Reinsurance Broking firm.
• Ability to speak and read Thai including Thai-English translation, fluent in English.
• Ability to prioritize and organize own workload.
• Ability to work under pressure without supervision.
• Collaborative team working approach.
• Ability to work with employees at all organizational levels.
• Ability to develop and sustain relationships with both internal and external parties.
• Accurate and attentive to detail.
• Good written and verbal skills.
• Proficiency in MS Outlook (email).
• Proficiency in MS Office (Word, Excel and PowerPoint).

Job Description

• Learning about the International (Re)insurance Markets to gain an understanding about (Re)insurance.
• Understand the environment in which Price Forbes operates in.
• Understand the workings of the company and each of its functions, as well as the market that the business operates in.
• Gain an understanding of Price Forbes’s key specialisms in other areas.
• Learning the account opening and broking procedures (i.e. KYCs, placing checklist, conducting sanction checks, clauses, subjectivities, warranties, due dates, premium and commission computation etc.)
• Providing support to the Marine Specialty Broking Team in the preparation of placement slips & endorsements as well as the Technical Administration and Claims process.
• To learn and understand clients’ (re)insurance arrangements.
• Become an effective team member and collaborate well with peers in both the London and Global offices.
• To develop and foster relationships with clients.
• To work on allocated tasks and projects as directed in order to facilitate business operations.

Main Responsibilities:

• Learn to manage the (re)insurance intermediation as part of the team including risk placing, client servicing, claims handling, and associated functions.
• Learn to produce clear and accurate documents and wordings for clients which provide the best possible cover in the market and adhere to all regulatory requirements.
• Learn to use appropriate class of business knowledge to produce contract documents and documents suited to the client’s needs.
• Understand the amendments to policies/contract documents produced prior to agreement by Underwriters.
• Learn to deal and resolve client or underwriter’s queries in a timely and professional manner.
• Learn the use of TradEd and Brokasure/GXB to help drive and encourage adoption of it throughout Price Forbes, and to ensure that Tracking is completed promptly to reflect the status of any risk.
• To ensure sound business practices and an adequate and pro-active risk control framework within the team and work within the authority.
• Maintain up-to-date and orderly files, and ensure documents are saved and files are passed on to the others in accordance with Company Rules and Procedures.
• Check final contract documents against slip or proposal details to ensure appropriateness of the proposed standard policy.
• To work closely with Finance department in resolving accounting and technical queries.
• Provide and gather information to and from Clients and Underwriters as required.
• Facilitate KYC compliance checks as relevant.
• Escalate any potential problems to senior brokers and account executives.
• Maintain proper meeting and call records.

Others:

• Coordinate for events and conferences.
• Perform any other duties as assigned.

Essentials:

• Diploma holder or equivalent. No prior experience required.
• Immediate availability highly appreciated.
• Eager and willing to learn.
• Ability to prioritise and organise own workload.
• Ability to work under pressure without supervision.
• Collaborative team working approach.
• Ability to work with employees at all organisational levels.
• Ability to build and maintain profitable long-term relationships with clients and insurers.
• Good negotiation and influencing skills.
• Accurate and attentive to detail.
• Good written and verbal skills.
• Proficiency in Microsoft Office (Excel, word, power point) & Outlook.

Note:

• Local Insurance market knowledge and network is greatly appreciated thus Singaporean / PR candidate will be considered with priority

About this role:

The company is currently restructuring and expanding; we are hiring a new role for the Specialty Team.

Job Description

• To develop new business portfolio, including production.
• To identify and act upon new business opportunities which promote the profitable development of the business.
• To manage and service client and market relationships.
• To facilitate the prompt placement of (re)insurance contracts in accordance with the client’s requirements and needs, in a timely manner in accordance with regulatory requirements acting in the best interest of the client at all times.
• To provide a pro-active advocacy service to clients covering all aspects of their (re)insurance arrangements; to advise, arrange and secure the appropriate cover at a competitive premium and actively chasing information.
• To manage, lead and guide the Team in the risk placing, client servicing, claims handling, and associated functions in order to facilitate the department operations.
• Understand the workings of the company and each of its functions, as well as the market that the business operates in and to foster internal collaboration across the various Price Forbes product lines and across offices.
• To continue to develop skills and knowledge to provide excellent client service.
• To ensure compliance with regulations and adherence to the highest standard of best practices and ethics.

Main Responsibilities:

• To develop new business portfolios, strategic production, and development plans for the Company, including the identification of new business opportunities and the planning and development of new initiatives.
• To lead and manage the (re)insurance intermediation as part of the team including production, risk placing, client servicing, premium receipts, claims handling, and associated functions.
• To ensure clear and accurate documents and wordings for clients which provide the best possible cover in the market and adhere to all regulatory requirements.
• To ensure the use of appropriate class of business knowledge to produce contract documents and documents suited to the client’s needs.
• To ensure and recommend amendments to policies/contract documents produced by the team prior to agreement by Underwriters.
• To ensure final contract documents against slip or proposal details to ensure the appropriateness of the proposed standard policy.
• Ability to create original and complex contract documents and maintain a database of contract documents and policy information.
• Provide guidance and advice on contract documents within specified classes of business.
• Resolve Underwriter’s queries in a timely manner.
• Manage and monitor team members’ daily work assignments as well as their development.
• Learn the use of GXB, help drive and encourage adoption of it throughout Price Forbes, and to ensure that Tracking is completed promptly to reflect the status of any risk.
• To ensure sound business practices and an adequate and pro-active risk control framework within the team and work within the authority.
• To exercise judgment when reviewing proposals, either new or renewals.
• Maintain up-to-date and orderly files, and ensure documents are saved and files are passed on to the others in accordance with Company Rules and Procedures.
• Work closely with relevant department in resolving accounting and technical queries.
• Work on management reporting as may be required.
• Continuously improving of skills and knowledge base.
• Evaluate workflow system and policy status and report on a regular basis.
• Facilitate KYC compliance checks as relevant.
• Calling on prospects and clients for new business opportunities.
• Maintain proper meeting and call records.
• Manage and undertake assigned work to time scales as directed.

Client Service:

• Understand the (re)insurance cover of each client and provide pro-active service to expedite the production of policies, liaising between all parties and actively chasing information.
• Deal with all client queries in a timely and professional manner.
• Escalate any potential problems to Division Head / Directors at the earliest opportunity.

Representing Price Forbes

• Champion the Price Forbes name and core values.
• Represent Price Forbes with clients, agents, suppliers and other organisations.

Compliance:

• Comply with relevant legal, regulatory and Price Forbes & Group’s compliance requirements, E&O compliance procedures and quality initiatives.
• Escalation of any potential E&O's to Division Head / Directors at the earliest opportunity.
• Ensure completion of all mandatory Company training and to deadline.

Knowledge Required:

• Detailed understanding and knowledge of general (re)insurance and relevant legal principles.
• Detailed understanding of the Company’s internal procedures and practices.
• Certification in General Insurance (CGI) or any equivalent professional qualification as required.

Essentials:

• Bachelor’s Degree with at least 5-10 years of experience in Marine and/or Retail (re)insurance.
• Ability to prioritize and organize own workload.
• Ability to work under pressure without supervision.
• Demonstrate good leadership and problem-solving skills.
• Collaborative team working approach.
• Ability to work with employees at all organisational levels.
• Ability to develop and sustain relationships with both internal and external parties.
• Strong negotiation and influencing skills.
• Accurate and attentive to detail.
• Excellent written and verbal skills.
• Proficiency in Microsoft Office (Excel, word, power point) & Outlook.

Job Description:

• Provide Technical Support to Specialty Broking Team

Main Responsibilities:

• Prepare all the (re)insurance related technical documentation – Evidence of Covers (EOC), Cover Notes (CN) & Addenda.
• Process the renewal and new risks and endorsements premium and sending of the invoices to the Clients and Underwriters.
• Attend to the Finance department for receipts of payment reconciliation and unmatched outstanding balances.
• Handle queries from the Clients, underwriters, and brokers regarding technical matters.
• Update of the BSX file, GST file and tracking spreadsheets
• Handle monthly contract certainty submission for the Specialty Department.
• Ensure proper filing of documentations for easy access by all parties.
• Perform any other duties as assigned.

Client Service:

• Provide pro-active service to expedite the production of policies, liaison between all parties.
• Deal with all client queries in a timely and professional manner.
• Escalate any potential problems to brokers and/or account executives.

Representing Price Forbes:

• Champion the Price Forbes name and core values.
• Represent Price Forbes with clients, agents, suppliers and other organisations.

Compliance:

• Comply with relevant legal, regulatory and Price Forbes and Ardonagh compliance requirements, E&O compliance procedures and quality initiatives.
• Escalation of any potential E&O's to Division Head / Directors and/or senior managers at the earliest opportunity.
• Ensure completion of all mandatory Company training within set deadline.

Essentials:

• ‘A’ level/Diploma holder or equivalent.
• Minimum 2 years relevant Insurance technical support experience.
• Ability to prioritize and organize own workload.
• Ability to work under pressure without supervision.
• Collaborative team working approach.
• Ability to work with employees at all organizational levels.
• Ability to develop and sustain relationships with both internal and external parties.
• Accurate and attentive to details.
• Good written and verbal skills.
• Proficiency in MS Outlook (email).
• Proficiency in MS Office (Word, Excel and PowerPoint).

Why Work With Us?

• Comprehensive Medical, Dental & Life insurance coverage
• Wellness allowance
• Flexible work arrangement
• Open concept office in CBD
• Generous annual leave entitlement
• 'Dress for your day' policy
• Early Friday finish

Note:

• Local Insurance market knowledge and network is greatly appreciated thus Singaporean / PR candidate will be considered with priority.