Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.
Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world's fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.
GENERAL SUMMARY
To conduct and oversee the technical underwriting audit of all classes of business throughout Starr Asia Pacific.
DUTIES AND RESPONSIBILITIES
- Performance of technical underwriting audits to ensure that corporate and profit center underwriting guidelines are followed.
- Pre-audit preparation, conduct audit and prepare audit report for profit-center and senior management.
- Identify issues and report the same to the Chief Auditor and corporate senior management.
- Make recommendations to rectify issues noted and devise an effective system to follow-up on the status of compliance.
- Develop working relationships with key internal external stakeholders, i.e., legal, compliance, reinsurance, credit department etc.
- Provide quarterly underwriting audit status reports to the Chief Auditor.
- Assist in providing technical training and mentoring to newly joining or less experienced members of the team,
- Perform ad hoc projects as needed.
- Supervise and oversee junior team members on underwriting audit work.
- Delegate tasks for development purposes and provide appropriate support and supervision.
- Ensure necessary resources and skills to undertake all allocated tasks.
- Identify and communicate training or resource gaps to management.
- Manage any potential conflicts of interest to avoid disrepute to the Company's integrity.
PERFORMANCE MEASURES
- Complete audits for all profit centers in accordance with the schedule developed, while taking into account any recommendations made during the prior year's audit.
- Be well informed about Starr's products as well as the profit centers guidelines and raters and maintain your understanding of the underwriting process.
- Ensure that accounts/ policies selected for testing are a good reflection of the accounts underwritten by the PC, including selection of underwriters, accounts with losses and peer-reviewed accounts.
- Ensure that audit reports are clear and concise and findings and recommendations are reasonable and practical and that reports are balanced and fully consider PC management feedback and input.
- Work with fellow auditors to evaluate and identify ways to streamline the audit and report writing processes.
QUALIFICATIONS
Job Specifications:
- Property/Casualty underwriting experience background will be preferred.
- Strong knowledge of the underwriting process.
- High level of analytical capability;
- Good communication and writing,- English (essential) and Mandarin (preferred). Other local language capabilities will be a plus.
- Adept at handling different stakeholders within the company, i..e, profit center management, corporate senior management, legal, compliance
- Effective Team working;
- Professional presentation skills;
- Building a reputation of trust, fairness and reliability with PCs; and
- Good decision making ability.
Education:
- Holds a relevant professional qualification (CIIA, ACA, ACCA, CII).
- Bachelor's Degree.
- Insurance or audit related education.
Experience:
- 7-10 years of insurance experience, preferably underwriting or audit.
- Good understanding of underwriting audit methodologies and standards.
- Good understanding of P&C Insurance, Reinsurance, Lloyd's Markets and Managing General Agency operations;
- Good understanding of local Regulation Authority framework;
- Good understanding of business processes and how they support the business
NOTE: This job description is not intended to be all-inclusive. Employee may perform other related duties as negotiated to meet the ongoing needs of the organization
Interested parties please apply with full resume (with availability, current/last & expected salary).
Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
