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Senior Underwriter, Engineering

Senior Underwriter, Engineering

HDI GLOBAL SE SINGAPORED01 Cecil, Marina, People’s Park, Raffles Place, SG
10 days ago
Job description

Roles & Responsibilities

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 of 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 to contribute your own ideas and actively become involved in shaping the future of our company.

We are now hiring

Senior Underwriter, Engineering

If you are ready to take on new challenges in a dynamic environment, we encourage you to apply this position reporting to Underwriting Manager, Engineering, you will have responsibility for contributing to grow the Engineering and Renewable Energy portfolio portfolio in ASEAN region. As a general insurance professional, you will have experience underwriting portfolio of business and contributing to a profitable portfolio by developing an understanding of underwriting principals and disciplines through discussions and research. You will assist in the growth objectives of the portfolio by identifying opportunities for growth in the region and assist with the development of the Engineering line of business pipeline.

Be part of a global insurance leader committed to transformation, collaboration, and ownership. This role necessitates regular market engagement while ensuring adherence to our underwriting framework and compliance standards.

Job Purpose

As a Senior Underwriter in the Engineering Department, you will manage and underwrite a portfolio of engineering risks, ensuring profitable growth in line with company policies and regulatory requirements. Your role will include providing technical expertise, mentoring junior underwriters, and fostering robust relationships with brokers and clients to achieve strategic objectives.

Key Responsibilities

Underwriting and Risk Assessment

  • Evaluate and underwrite engineering risks, including project business and operational risk of renewable energy, ensuring compliance with underwriting guidelines and authority limits.
  • Collaborate with referrals, claims teams, risk engineers to enhance underwriting strategies.
  • Utilize actuarial models, rating tools, and market data to price risks effectively, ensuring profitability.
  • Develop tailored insurance solutions for complex engineering accounts.

Portfolio Management

  • Monitor the performance of the engineering portfolio and implement corrective actions to maintain profitability.
  • Prepare regular and ad hoc reports on underwriting performance, risk exposures, and market trends.

    • Business Development

  • Cultivate and maintain strong relationships with brokers and key clients to drive new business opportunities and renewals.
  • Participate in client and broker meetings to showcase underwriting capabilities and innovative solutions.
  • Identify market opportunities and develop strategies to capture profitable business in the engineering sector.

    • Leadership and Mentoring

  • Provide guidance and training to junior underwriters, enhancing their technical acumen and decision-making capabilities.
  • Serve as a technical resource for complex engineering cases, ensuring alignment with company standards and best practices.
  • Foster a culture of collaboration, innovation, and continuous learning within the underwriting team.

    • Regulatory and Compliance

  • Ensure underwriting practices align with internal guidelines, frameworks, and regulatory standards.
  • Stay informed of changes in regulations, laws, and industry practices affecting engineering insurance.

    • Qualifications

    Educational Background

  • Bachelor’s degree in Engineering or a related field, Business, Finance, Insurance.
  • Professional certifications such as ACII or ANZIIF are advantageous.

    • Experience

  • A minimum of 10 years of experience in engineering underwriting with a proven track record in managing complex engineering accounts.
  • Strong knowledge of engineering lines, including products of project business and operational risk of renewable energy.
  • Working experience in the Engineering or related field, loss adjusting, or risk engineering are advantageous

    • Technical Skills

  • Proficiency in underwriting tools, pricing models, and risk assessment methodologies specific to engineering risks.
  • Solid understanding of legal, regulatory, and market developments in engineering insurance.
  • Strong analytical, negotiation, and decision-making skills.

    • Soft Skills

  • Excellent communication and presentation skills.
  • Ability to establish and maintain strong relationships with internal and external stakeholders.
  • Leadership qualities that inspire and mentor a team.

    • Key Performance Indicators (KPIs)

  • Achievement of portfolio profitability and growth targets.
  • Retention and acquisition of key clients and brokers in the engineering sector.
  • Compliance with underwriting guidelines and regulatory standards.
  • Timely delivery of underwriting decisions and performance reports.

    • Work Environment

  • Flexible working arrangements as per Company policy with occasional travel for client and broker meetings.
  • Collaborative environment with opportunities for career growth and professional development.

    • Compensation and Benefits :

  • Competitive salary with performance-based incentives.
  • Comprehensive benefits package, including health insurance, retirement plans, and professional development allowances.

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

    Tell employers what skills you have

    Mentoring

    Referrals

    Actuarial

    Portfolio Management

    Life Insurance

    Presentation Skills

    Operational Risk

    Renewable Energy

    Health Insurance

    Pricing

    Retirement

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    Underwriter • D01 Cecil, Marina, People’s Park, Raffles Place, SG