Underwriting Assistant

Entity: Allianz Insurance SingaporeWithin a span of just four years, Allianz Insurance Singapore (AIS) has emerged as the fastest-growing General Insurance company, achieving an unprecedented level of success. Since its inception in Singapore, AIS has consistently doubled its revenue year on year, a testament to its unwavering dedication to excellence. AIS takes great pride in being certified as a Great Place to Work, a reflection of our commitment to fostering a thriving and employee-driven business culture.

Description:

As an Underwriting Assistant, you will be required to provide processing and underwriting support to MidCorp business. You will get the opportunity to work closely with Underwriters and the wider Service team, including offshore teams, to ensure service activities are achieved within service delivery timeframes specified. You will also act as an account representative by responding to service matters and coordinating with the appropriate business partner for resolution.

Key Responsibilities:

Provide support to Underwriters in the areas of underwriting operations, procedures, and policies.

Complete associated business processes such as MCP updating, Sharepoint eFiling, ABS updates, Sanctions Checks and others

Preparation of weekly, monthly, and ad hoc reports

Build strong relationships with and provide prompt customer service to all internal and external stakeholders

Liaise with, provide support to, and conduct regular quality checks on tasks assigned to and completed by Policy Management Team and offshore team including pre-renewal reports, sanctions check and other associated activities.

Support in knowledge transfer and contribute to upskilling and training the offshore or onshore team

Liaise with and follow up with placement brokers closely for premium closings / advices / premium calculations to ensure premium bookings are completed in timely manner

Establish process to effectively monitor work on hand and set priorities to complete tasks within turnaround time

Complete documents following placement of Facultative Reinsurance, where applicable

Assist in the reconciliation of premium with respective business partners

Qualifications and Skills:

Minimum Diploma holder

Prior experience working in an insurance/reinsurance company preferred

Knowledge of commercial lines of business preferred

Experience in underwriting support functions, data entry and policy administration

Proficient in Microsoft Office, Excel

Effective communication skills

Good customer service skills

Ability to develop and maintain effective working relationships internally and externally

Ability to navigate ambiguity and to see work through to completion with minimal supervision

Pro-active and “can-do” attitude

Willingness to learn

AI-Skills e.g. ChatGPT and Microsoft CoPilot an advantage

100811 | Underwriting | Professional | Non-Executive | Allianz Singapore | Full-Time | Permanent

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges is what makes us a unique employer. We are united by a shared commitment: to put our customers first and at the center of everything we do. Their needs inspire our thinking and guide our actions. Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future – for our customers and for the world around us.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion and trust are at the heart of our culture. We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us.Let's care for tomorrow.

Note: Having different strengths, experiences, perspectives and approaches is an integral part of Allianz‘ company culture. One means to achieve this is a regular rotation of Allianz employees across functions, Allianz entities and geographies. Therefore, Allianz expects from its employees a general openness and a high motivation to regularly change positions and collect experiences across Allianz Group.