Total 2 job vacancies by Sompo Insurance Singapore Pte. Ltd.

Key Responsibilities

Underwriting Support

• Marine Hull and Aviation teams to support underwriting activities incompliance with company guidelines.
• Assist in the assessment of risks for new and renewal business within the Marine Hull and Aviation portfolios.
• Prepare underwriting submissions, review policy terms and conditions, and ensure compliance with company underwriting standards.
• Provide recommendations and decisions on straightforward risks, under supervision.
• Manage small underwriting authority to handle simple renewals and issue endorsements, ensuring accuracy and adherence to internal policies.

Post-Bind Activities

• File underwriting documents and correspondence into the shared drive/folder to maintain organized and accurate records for audit and compliance purposes.
• Prepare booking instructions for the Operations team to ensure accurate premium processing and record-keeping.
• Monitor and manage endorsements, ensuring timely processing and documentation.
• Conduct premium reconciliation to verify accuracy and resolve discrepancies incoordination with relevant teams.

Client and Team Coordination

• Build and maintain strong relationships with brokers, clients, and internal stakeholders to support business retention and development.
• Assist in managing inquiries from brokers and clients, providing timely responses and solutions.

Professional Development

• Gain exposure to underwriting principles and processes under the mentorship of senior underwriters.
• Develop skills to manage and sign endorsements independently.
• Gradually take on more complex underwriting responsibilities as proficiency is demonstrated.

Qualifications:

• Bachelor’s degree in Business, Finance, Insurance, or a related field (preferred).
• 3-5 years of experience in Marine Hull LOB is required.
• Experience in Aviation LOB is preferred but not essential.
• Strong organizational skills and attention to detail.
• Excellent written and verbal communication skills.
• Proficiency in Microsoft Office Suite, particularly Excel, Word, and Outlook.
• Ability to work effectively in a fast-paced environment, both independently andcollaboratively.

Key Competencies:

• Industry Expertise: Proven knowledge and experience in Marine Hull underwriting; familiarity with Aviation insurance is advantageous.
• Analytical Skills: Ability to evaluate data and provide insights to support underwriting decisions.
• Time Management: Capable of managing multiple tasks effectively and meeting deadlines.
• Collaboration Strong interpersonal skills to work seamlessly within teams and build relationships with stakeholders.
• Attention to Detail: High level of accuracy in handling documentation and processes.
• Problem Solving: Ability to address challenges and make sound decisions under pressure.

Career Development:

This role provides an excellent opportunity for professional growth, with the potential to be granted underwriting authority to manage and sign endorsements, as well as handle simple renewals independently in the near future.

Key Responsibilities

Finance Data and Process Automation

• Drive and implement process enhancement initiatives to improve operational efficiency, reporting accuracy, controls and governance, including:

1. Finance system implementations, upgrades and integrations.
2. Automation of financial close processes, and optimization of data workflows to minimize manual efforts and maximize productivity.
3. Strengthen internal controls and compliance while improving transparency and accuracy.

• Collaborate with APAC and global Finance teams on strategic projects and ad hoc tasks to strengthen data governance, ensure seamless integration with other systems, and align processes with best practices and organizational objectives.
• Conduct training and provide guidance to Finance teams, enabling them to effectively use programming and data management tools to drive automation and innovation in financial processes. 

Financial Closing

• Support month-end, quarter-end and year-end closing processes, including the preparation and posting of journal entries to ensure accurate and timely financial results.
• Collaborate with cross-functional teams, including Underwriting, Claims, Actuarial, IT and Reinsurance, to ensure accurate, consistent and complete data for financial reporting and group intercompany reconciliations.

Financial Reporting

• Prepare and review the regulatory and statutory reporting in compliance with MAS requirements and IFRS 17 standards.
• Prepare and deliver accurate monthly financial reporting packages and group reporting submissions, in accordance with group reporting requirements and timelines.
• Assist with external and internal audits, including preparing detailed schedules, supporting documentation and timely responses to audit queries.

Requirements Qualifications

• Bachelor’s degree in Accountancy, Finance, Actuarial Science, Data Science or a related discipline.
• Minimum of 3–5 years of hands-on experience in regulatory and financial reporting, process improvement and data analytics.
• Professional qualifications such as CA Singapore, ACCA, CPA, actuarial certifications, or data analytics credentials are highly desirable.
• Prior experience in insurance financial reporting or working with renowned audit firms is an advantage.

Skills

• Ability to improve performance and efficiency through the implementation of effective business intelligence techniques and strategies.
• Experience in automation and/or scripting and coding languages (e.g. VBA, R, Python).
• Able to work with multiple data sources using tools like Excel, SAS, SQL, Power BI, is an added advantage.
• Knowledge of ERP accounting systems e.g., SAP, SUN, or other equivalent systems.

Key Competencies

• Accountability and reliability in delivering high-quality work.
• Strong analytical skills and attention to detail.
• Ability to prioritize tasks and consistently meet tight deadlines.
• Strong communication and collaboration abilities.
• Proven ability to work autonomously while contributing positively to team-oriented projects.