Insurance Manager

Roles & Responsibilities

Responsibilities

Insurance scope

• Responsible for Group’s existing insurance portfolio.

• Reviews and critically assesses the risks and insurance needs of the Group for existing portfolio of assets and operations, and develops insurance strategies for current and future needs.

• Procures new insurance policies taking into account business needs and keeps tabs on insurance developments and trends in the energy insurance market.

• Updates underwriting information for insurance renewals and obtains feedback from internal departments to assess adequacy of insurance coverage.

• Evaluates and negotiates premium rates, insurance terms with brokers and underwriters.

• Analyses and updates financial ratings of brokers and underwriters annually.

• Establishes a good working relationship with a panel of brokers and underwriters.

• Develops and implements policies and SOPs on insurances for the Group.

• Rolls out a playbook containing a summary of the Group’s main insurances for internal departments to reference when negotiating contracts.

Project insurances

• Reviews insurance requirements of contracts, understands work scope and maps out insurance risk gap analysis in order to procure project specific insurance programs.

Audit of assets and insurances

• Engages appraisers / insurance consultants to review the valuation of the Group’s assets and adequacy of the Group’s insurance.

Insurance claims and administration

• Reports and manages all insurance claims from notification of the claims up to settlement of the claims.

• Manages database of insurance policies and claims across the Group, including subsidiaries and overseas investments and facilitates renewals and enquiries.

• Provides updates to Internal Audit team and Senior Management.

Requirements

• Bachelor’s Degree in Law / Business Administration / Finance / Economics or equivalent.

• Minimum 5 years of proven experience in the insurance broking or underwriting industry.

• Possess excellent communication skills with a savvy approach when dealing with insurance brokers and underwriters.

• Strong understanding of insurance programs and handling insurance claims.

• Well informed of insurance market trends and issues.

Our Address and Working Hours:

Seatrium Pioneer Yard

50 Gul Road

Singapore 629351
(Island wide transport provided)

Mon - Thu: 8am - 5:15pm, Fri: 8am to 4:30pm