Responsibilities :
- Review, analyze, and execute underwriting processes within the Oil & Gas Underwriting segment in accordance with company policies, delegated authority limits, and applicable procedures to ensure accurate, prudent, and optimal underwriting decisions.
- Submit risk survey requests to Risk Surveyors and evaluate survey results to ensure consistency or identify deviations between documented information and the physical condition of the insured object.
- Arrange backup reinsurance placements, both treaty and facultative, in accordance with applicable terms and conditions to optimize the utilization of the company’s allocated reinsurance capacity.
- Perform underwriting quality control by conducting secondary reviews of underwriting processes
- Calculate and analyze potential losses and the company’s liability based on the applicable policy terms, conditions, and coverage within the scope of underwriting authority.
- Prepare, manage, and present underwriting data accurately and in a timely manner for reinsurance purposes, internal management needs, and reporting to the Financial Services Authority.
- Prepare and design proposals for programs or project management initiatives as part of continuous improvement efforts related to underwriting processes, systems, and quality.
- Conduct socialization, education, and knowledge-sharing activities to enhance insurance literacy and understanding among clients, partners, insured parties, and internal stakeholders.
- Sign quotation slips, cover notes, policies, endorsements, and underwriting notes within the Oil & Gas Underwriting segment in accordance with established procedures, company policies, and delegated authority limits.
- Monitor and control premium payments from insured parties in coordination with the Marketing and Direct Collection functions to minimize the risk of payment delays or policy cancellations.
- Approve the issuance of Notices of Cancellation (NOC) in accordance with applicable provisions in the event of premium payment default.
- Monitor facultative reinsurance premium payments to reinsurers to prevent the issuance of Notices of Cancellation (NOC) by reinsurers.
- Provide insurance education and awareness activities to insured parties in collaboration with the Marketing function to enhance product understanding and align perceptions of insurance benefits and risks.
Qualifications :
- Preferably holds a minimum of a Bachelor’s degree (S1) in Management, Accounting, Engineering, or other disciplines relevant to the insurance industry.
- Has a minimum of four (4) years of work experience, particularly in the insurance or financial services industry, with at least two (2) years of experience in underwriting or risk analysis–related functions.
- Preferably holds an A3IK certification or other equivalent professional certifications in the insurance field.
- Demonstrates strong capabilities in risk analysis, underwriting evaluation, and a sound understanding of insurance policies.
- Proficient in the use of computer applications and underwriting systems to support work effectiveness.
- Possesses good English proficiency, particularly in understanding technical documents and communicating with external parties.
- Exhibits strong communication, coordination, and collaboration skills with internal and external stakeholders.
Job Requirement :
- Education: S1 / Bachelor’s Degree,
- Minimum GPA: 3
- Work Experience: Bank & Financial Services minimum 2 year(s)
