Executive, Underwriting (Reinsurance)

Responsibilities

• To assist Section Head to coordinate between RI Brokers and/or Reinsurers and Underwriters on Reinsurance (Treaty and Fac) related matters.
• Assist in preparation and updating reinsurance documentation.
• Assist in services rendered to enquiries/requests received from internal and external parties.
• Compliance with BNM Guidelines, TM Asia Reinsurance Guidelines and Company Policy.
• To assess RI Inward business offered in line with treaty facilities and underwriting tools.
• To follow up on reinsurance closing and payment diligently for inwards reinsurance business.
• Ensure Facultative RI entries are correctly and promptly entered the company’s in-house system.
• To ensure all placements are completely ceded to qualified reinsurers within the time frame required to protect the company retention.
• To send renewal advice 2 months before expiry.
• Liaise closely with Technical, Underwriting and Marketing/Broking department on the placement of risks and issuance of the policies.
• To assist in preparing and analyzing treaty renewal data.
• To assist system set-up upon finalization of the treaty terms.
• Assist Claims and Finance Dept on matters related to claims recovery, premium collection, and reconciliation of Account Statement.
• Attend to the reinsurer’s enquiries.
• Record and e-file all the documentation i.e. new offers/declined risks/advice into data system.
• Involved in Robotic Process Automation (RPA) related project and any other ad-hoc project assigned by HOD.

Requirements

• Minimum Degree Mathematics, Statistics, Actuarial Science and Insurance or insurance related such as AMII, ACII or AII.
• Minimum 1 year experience in Reinsurance department.
• Good communication and written skills.
• Strong negotiation, analytical, problem solving and prioritization skills.
• Has technical knowledge in underwriting and handling reinsurance.
• Has good knowledge of the local reinsurance market.
• Fresh graduates are encouraged to apply.