As part of the Talanx Group, HDI Global SE Singapore has been one of the leading insurers offering a broad and needs-based range of insurance solutions and accompanying services for decades. HDI operates through foreign branches, subsidiaries, and affiliates as well as network partners in more than 150 countries.

We offer our employees all the advantages of an international company by providing an exceptional, modern working environment that constantly challenges and rewards. We promote high levels of internal and external communication and concentrate on achieving our goals through teamwork. We offer you the opportunity tocontribute your own ideas and actively become involved in shaping the future of our company.

Job Summary:

To assist in the day-to-day operation of the Political & Credit Risk underwriting team and support to the Underwriting Manager, Political & Credit Risk -Asia Pacific, with day-to-day activities as required. Contribute to aprofitable portfolio of business by developing an understanding of underwriting principles and disciplines through discussions and research. Assist in the growth objectives of the portfolio by identifying opportunities and performing delegated tasks. The candidate will be a key component of the team focusing on a broad range of Credit and Political Risks, predominantly for Financial Institution and ECA/Multi-Lateral business, and for select Corporate and Commodity Trading clients. The candidate will benefit from training, travel opportunities, and mentorship at both a branch and international level, effectively building relationships with key brokers and clients to maintain the flow of business and / or generate new business opportunities. The position reports into the Underwriting Manager, Political & Credit Risk - Asia Pacific.

Key Responsibilities:

Manage workflow for receipt and tracking of all submissions in line with HDI triage procedure and response back to brokers / cedants accordingly within an allocated timeframe.

Underwriting analysis for new and renewal business. Collating, analyzing, and presenting data for internal review, including:

• Conduct initial review of new business submissions.
• Identify referral triggers according to HDI Global Underwriting Guidelines and local branch underwriting authority.
• Underwrite profitable accretive business within risk appetite. Analyse risk from political, structure and credit perspectives
• Determine suitability of deals within limit and appetite parameters, in conjunction with credit risk analysts where applicable
• Determine price and line size appropriate to the risk and the fit in the portfolio.
• Negotiate with the broker/client to achieve the best outcome.
• Develop an underwriting rationale with recommendation to the Underwriting Manager, Political & Credit Risk - Asia Pacific for new or strategic enquiries or initiatives.
• Operate within the delegated underwriting license and underwriting guidelines.

Regular and ad-hoc engagement with other key functions of the business inc. Claims, Modelling, International Programmes,) Finance (Credit Control) and Operations.

Handling and developing current pre- and post-binding administrative functions including:

• Account and portfolio performance reporting

• Building familiarity and competence with internal underwriting and policy management systems (e.g., eNora, Doxis, Renew)
• Maintaining accuracy of risk records and adherence to internal best practice
• Endorsement review and action where applicable
• Contributing to reporting within the CPRI Global Hub and with internal colleagues across Singapore, London, Stockholm, and Washington DC

To contribute to the positive promotion of the HDI Global SE Singapore brand, provide feedback for internal purposes as well as building relationship and networks in the local insurance market.

• Visit Clients and Brokers to maintain and develop relationships.
• Build and maintain relationships with key intermediaries and customers.
• Attend customer and broker presentations as required by the Underwriting Manager, Political & Credit Risk - Asia Pacific.
• Communicate market information with LOB managers.
• Support and work on cross-office projects, team training and/or mentoring in conjunction with the global Head of Financial Risk based in London, as required.

Competencies & Skills Core:

Communicating and Influencing

• Positively impacts the actions and decisions of stakeholders ensuring that they are involved throughout. Negotiates confidently without damaging relationships whilst building support and buy-in for ideas. Adapts communication style depending on audience.

Problem solving

• Uncovers information to identify causal links. Uses a variety of tools/techniques to break down complex issues and spots trends, patterns, and interdependencies between issues. Assess risks and is pragmatic when developing solutions.

Delivery and Accountability

• Accountable for own (and team) delivery to support the overall Branch priorities and objectives. Prioritises deliverables and identifies roadblocks that might affect delivery. Creates a safe environment whereby people feel safe flagging mistakes.

Innovation and Continuous Improvement

• Creates and tests out new idea and improvements which have a major impact on the business operations or service offering. Identifies new ways of working and encourages ideas from own team / department and creates processes and inducements for team members to generate and test out ideas.

Developing Capability

• Actively develops our talent and builds team capability, acting as a role model, mentor, and coach across the business.

Customer Focus

• Develops a deep understanding of the true nature and complexities of the customer business and uses the understanding to implement ideas and technical expertise. Takes action to ensure that customer feedback is acted on and operational and technical challenges are overcome so that customer service excellence is not affected.

Collaborating with others

• A key player in building and maintaining a positive team culture and cross-functional relationships. Engages partners and encourages others to build relationships and brings together diverse stakeholders to deliver objectives.

Specialist:

• Technical product and wording knowledge
• Market and client knowledge
• Negotiation skills and the ability to influence

Other personal attributes required:

• Patience
• Effective management of our workload

Requirements:

• Degree or Diploma in any discipline
• Possess or are working towards an insurance qualification from ACII, AAII, ANZIIF or SCI
• 3 or more years of relevant market experience in a (re)insurance underwriting function within specialty lines
• Displays an interest in the Political & Credit Risk sector and a desire to develop their knowledge of the class of business
• Proficient in Microsoft Office applications
• Effective communication, interpersonal and time management skills
• Willingness to participate in the development of the HDI Global Singapore branch
• Singaporeans or PRs preferred

Remuneration:

Attractive remuneration will be offered based on experience and professional standing.

We offer a hybrid work arrangement, birthday leave, flexy benefits, a yearly bonus, medical and life insurance, and an inclusive working environment. Interested candidates can either click the "apply" button or email theirapplication along with their most recent CV to hr.sg@hdi.global

Only shortlisted candidate will be notified.