Insurance Team Leader

Business Support & Corporate Officer Department is looking for Insurance Team Leader.

Daily Operation of Department (Functional Work):

• In charge in communicating and coordinating with internal departments and relevant parties to manage NSRP insurance claim matters within the time frame
• Work on Insurance Matters associated with the Lender requirements
• Work on Budgeting & Reinsurance/Insurance Premium Payment Matters
• Work closely with Head of Insurance Team for implementation and ensure for the assessment, development, procurement, maintenance, and optimization of the Insurance Program of NSRP
• Assist Head of Insurance in cooperating with key insurance stakeholders including Insurance Broker, Local Insurers, Lead Insurers, Reinsurers, Loss Adjusters, Lenders’ Insurance Advisors
• Work closely with Head of Insurance Team for procurement/bidding to choose appropriate Insurance Broker, Local Insurers and Reinsurers
• Work closely with the appointed Insurance Broker & Local Insurers to fulfill the assigned tasks
• Calculate/Recalculate Reinsurance/Insurance Premium, No claim Bonus, Loss Load, Actual Turnover etc. and additional/refund premium, follow up with payments
• Work with Head of Insurance and participate with other division/department in activities including insurance and investment matters in NSRP.

Support the Insurance Team to achieve the following common goals:

• Set-up strategy of the Insurance Program
• Review the Insurance program and propose the optimization plan together with risk analysis
• Conduct Broker/NSRP Renewal Strategy meeting
• Optimize the insurance clauses in the current Insurance Policies
• Negotiation with brokers/potential Insurance Leaders about the Terms, Condition, Coverage, Limitation, Deductible of Insurance Policies
• Monitor the Placement Progress and report to Management Team when/as required
• Work with local insurers/Loss Adjusters

Procurement

• Work with Head of Insurance to create, submit for approval and implement NSRP internal bidding process for Renewal Insurance Program, Local Insurance Services.
• Contribute to create evaluation criteria of bidding process
• To procure Renewal Insurance Program within the targeted timeline and the approved budget
• Review and arrange the Renewal for NSRP’s Office Multi Risks, CPM, TPL insurance program, including payments

Reporting

• Prepare reports, as requested by Head of Insurance Team and the Company’s request
• Policy and procedure
• Make sure all workflows to comply with company’s procedures, manuals, policies
• Comply with policies/ procedures/ processes applied for Insurance Team

Building capability of teams

• Develop personal capabilities using existing formal and informal training opportunities, while also coaching others as required.
• Provide Coaching, mentoring and knowledge sharing to/with other junior staff in the team/department.

Strategy

• Contribute to the formation of a key element of functional strategy through specialist expertise and insights, to ensure that the strategy meets business needs.

• Educational Level : University graduated or above
• Specialty/Qualification : Insurance Certificate/Qualification
• Work Experience : At least 10 years experience in General Insurance/Insurance for large Projects/Energy sector or Equivalent
• Leadership/management experience : At least 5 years management experience in non-life Insurance
• Skills :
   – Well knowledge about General Insurance, Insurance Products (PDBI, Marine, TPL, EIL, D&O, Cyber Risks), Compliance, Risk Management, ISRS Management system.
  – Report writing and presentation skills in English
  – Fluent communication in English
  – Competency in Microsoft applications including Word, Excel, PowerPoint, and Outlook
  – Basic Knowledge of Common Terms Agreement/Lender’s Insurance Requirements (in other words, Project Finance)

• High limit of medical and personal accident insurance for the employee and children;
• Personal Income Tax 50% deduction;