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Head of Affinity

Head of Affinity

PRICE FORBES BROKING (ASIA) PTE. LTD.Singapore
23 days ago
Job description

Job Description

  • Lead the Affinity Department and grow the Facultative Reinsurance portfolios across key Affinity products, including :
  • Extended Warranty Insurance
  • Auto & Finance Insurance
  • ADP & Screen Cover Insurance
  • Payment Protection Insurance
  • Contingency (Sports & Event Cancellation)
  • Pet Insurance
  • Personal Accident Insurance
  • Identify and capitalize on new business opportunities to drive profitable growth in the Affinity sector.
  • Lead the development of Affinity (re)insurance business in line with the company's strategic targets
  • Oversee the prompt placement of Affinity reinsurance contracts, ensuring compliance with client needs and regulatory requirements.
  • Provide end-to-end service for clients, advising on and securing competitive (re)insurance solutions.
  • To assume responsibility for and to oversee :
  • The renewal business portfolios
  • New business production
  • The marketing & placement of risks
  • Client Servicing
  • Growing the team as we build out our wider Property capabilities in Singapore
  • Represent the company externally with brokers, insurers, and reinsurers to expand market presence.
  • Manage, grow and retain the Affinity team, fostering expertise in niche product lines.
  • Set financial / operational targets for the department in alignment with the CEO.
  • Ensure effective communication across departments and with senior management.
  • To advocate and ensure sound business practices compliant with the Company's Rules, Procedures and other management instructions, in particular with regard to :
  • The conduct and recording of business
  • Confirmations and evidencing of cover
  • Recording and filing of all communications and discussions
  • The safeguarding of client monies
  • The escalation and reporting of breaches, errors & omissions, disputes and complaints
  • Liaise with other Department Heads and senior managers to ensure a coordinated approach is adopted on matters with cross-company impact.
  • Reporting to the line manager on a timely manner to update on AffinityDepartment's performance and ensure the line manager and Compliance Officer is made aware of :
  • Any matter which might expose the Company to a claim, legal action or regulatory action / investigation.
  • Any serious disciplinary cases.
  • Any substantial failure to comply with the external regulatory and legislative framework.
  • To advocate and ensure and an adequate and proactive risk control framework within the team.
  • To ensure that they and their wider team adopt and uphold best practices and act in a compliant manner at all times, including with regards to the handling of clients, filing of documentation, tracking of enquiries, handling of claims and processing of business.
  • Any other relevant tasks that the line manager may from time to time require you to enact.

Representing Price Forbes

  • Champion the Price Forbes name and core values :
  • Unity - we build on our own experience of innovation to push boundaries in partnership with clients.
  • Accountability - we take ownership of our actions, honor our commitments, accept responsibility for our decisions, and follow through with integrity.
  • Integrity - we act with honesty, transparency, and fairness in all interactions, building trust through ethical behavior and principled decision-making.
  • Quality - we are committed to delivering high standards, paying attention to detail, and continuously improving to exceed expectations.
  • Represent Price Forbes with clients, agents, suppliers and other organizations.

    • Legal, Risk and Compliance :

  • Comply with relevant legal, regulatory and compliance requirements, E&O compliance procedures and quality initiatives.
  • Escalation of any potential E&O's to Department Head / Directors at the earliest opportunity.
  • Ensure completion of all mandatory Company training and to deadline.

    • Your scope of duties is not restrictive and may be expanded at the company's discretion.

    Regulatory Responsibilities / Knowledge Required :

  • To be aware with the detailed regulatory obligations imposed by Monetary Authority of Singapore (MAS).
  • To ensure you are trained and competent to perform your duties to the required standard and in compliance with the Monetary Authority of Singapore (MAS) regulations.
  • Detailed understanding and knowledge of general insurance and underlying legal principles.

    • Requirements / Skills Required :

  • Compliance with the requirements of MAS502, for the registration as an Insurance Broker.
  • Proven experience placing / servicing Affinity FAC R / I products (e.g., Warranty, PPI, Event Cancellation).
  • Strong network in Asia / APAC markets.
  • Track record in leading teams, delegating tasks, and driving results under pressure.
  • Confidence in representing the department or the company both internally and externally.
  • Exceptional communication (written / verbal) and relationship-building.
  • Strategic prioritization and problem-solving.
  • Proficiency in Microsoft Suite and underwriting tools.
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    Head Of • Singapore