Junior Reinsurance Broking Executive - Singapore - PRICE FORBES BROKING (ASIA) PTE. LTD.

Description

Roles & Responsibilities

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

Tell employers what skills you have

Negotiation
Outlook
Handling queries
Microsoft Office
Broking service
Claims Handling
Marine Insurance
Reinsurance
contract documentation
Administration
client servicing
Attentive
Manage Client Relationships
Verbal Skills
Fast Learner
Excel
Regulatory Requirements
KYC
Business Development
active learning