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Location: 

Singapore, SG

Property Facultative Lead, Asia

 


About Swiss Re
 

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime.

At Swiss Re we combine experience with creative thinking and cutting-edge expertise to create new opportunities and solutions for our clients. This is possible thanks to the collaboration of our 15,000 employees across the world.

We offer a flexible working environment where curious and adaptable people thrive. Are you interested in joining us?

 

The Role

We are looking for an ambitious and high performing team player to lead our multi-national team of Property facultative underwriters across diverse markets and cultures to accelerate sustainable Fac business growth and establish Swiss Re as a preferred go-to Fac market in our Asia Region.

The main responsibility ranges from case / facility production underwriting, daily servicing including engaging and offering solutions to clients and brokers, increasing our market presence, leading and coaching the team and building up the expertise and bench, to developing and execution of business plans, and contributing to portfolio and underwriting strategies. The role also entails collaboration and alignment of stakeholders in a global, matrix organizational environment to collectively deliver the growth aspiration and financial targets of the Asia Region.

This is a regional Asia role covering Japan, South Korea, China, Hong Kong, Taiwan, Singapore, Southeast Asia, India & India sub-continent, Australia and New Zealand.

 

Key Accountability & Responsibility:

 

Underwriting / Portfolio management:

Leads the Asia Property Fac underwriting team to

  • underwrite for profit and meet our profitability growth targets
  • develop and implement a robust UW strategy to build up a balanced portfolio and drive sustainable profit growth
  • ensure a robust new business pipelines and manage renewal maximize our commercial position and pricing adequacy
  • mitigate volatility, manage line size and develop alternative approaches that allows us to write business profitably and meet client needs
  • work closely with the Product Centre to develop portfolio strategy, provide leadership to the underwriting team to steer the portfolio with is optimized with our profitability targets and external changing risk landscape
  • ensure underwriting discipline and adherence to prevailing underwriting and pricing guidelines, Code of Conduct and other corporate governance

 

Acts as the champion of SwiftRe (SR's innovative single risk web portal) and working closely with the cross-function team to grow SwiftRe as a significant profit contributor to P&C Fac in Asia through:

  • promoting SwiftRe's propositions to potential clients and positioning SwiftRe as the preferred digital single risk portal solution to the market
  • identifying the right business partners and establishing strategic and long-term relationship
  • increasing penetration / expansion of our SwiftRe footprint in target markets
  • managing the underlying portfolio and increasing the data / costing transparency and take necessary actions to ensure a healthy portfolio delivering high profit margin to the Fac book
  • defining product set-up and underwriting parameters adapting to specific market needs
  • contributing to enhancement of functionality and user-friendliness of current / enhanced versions working closely with the global SwiftRe team in head office

 

Leadership and Talent Development:

  • Support the P&C Fac Head to build a strong sense of Fac community whilst ensuring continued collaboration and synergy with CMs, Treaty underwriting and other functions
  • Build and promote a high performing, hunter and business acumen culture and client centric thinking to the team
  • Build expertise and a strong bench through talent acquisition / retention, training & development, and ensure succession for critical positions
  • Unleash individual potentials and support development programs such as rotations and short-term assignments

 

External/Market Profile

  • Act as the SR Property Fac face to the Singapore/SEA home markets and ambassador across the Asia Region
  • Establish strong / strategic relationships with clients and brokers
  • Work closely with Broker Business Development in broker engagement to develop strategic and multi-level broker relationships and develop a Broker Proposition and go-to-market strategy across the Region
  • Increase market profile of Swiss Re and underwriting team by hosting events, speaking at conferences, publishing papers, etc.
  • Provides product support / technical trainings to clients as determined by client needs

 

Operations / Planning

  • Improve efficiency, year over year, of the Property Fac team through simplification, processes streamlining, new / enhanced tools, volume growth with productivity improvement, etc.
  • Meet direct costs as outlined in budget plan
  • Pro-actively manage operational risks (self-identify issues, incident reporting, drive learning from mistakes, engage with assurance functions in a non-defensive way)
  • Develop and monitor budgets and business plans to ensure timely steering and reporting
  • Ensuring timely entry of transactions and integrity of data, pricing and analysis into all relevant systems

 

About the Team

This is a great opportunity to join a team tasked with growing P&C Facultative business for Asia markets across distribution channels. We are a team with varied strengths with a very high level of entrepreneurial spirit, energy and expertise, which we aim to complement and strengthen together with your support!

 

About You

  • Possess strong management and Fac underwriting experience and leadership qualities
  • Proven track record in growing / steering Property business at a regional level
  • Solid (re)insurance technical underwriting background in primary / reinsurance business with at least 15 years of relevant Property single risk underwriting experience
  • Apart from being Property underwriting specialist, expertise in Power generation and Downstream Energy including Oil & Gas and Petrochemical Property single risk underwriting / facility underwriting, are added advantages
  • Deep understanding of both primary and reinsurance products and markets across Asia, but experience in other emerging markets can be considered
  • Extensive broker or client network are added advantages
  • Knowledge and experience in portfolio management and steering
  • Experience in leading multi-national teams, mentoring staff of various experience levels and attracting talent
  • Comfortable working in a highly collaborative, matrix and multi-cultural environment and taking ownership and accountability to get things done
  • A deal maker and hunter for business, and ability to identify and develop strategic relationship
  • Ambitious and strategic problem solver focused on delivering results and ability to manage conflicts and stakeholder interests and expectation
  • Excellent sales, negotiation, influencing and presentation skills
  • Efficient and pragmatic
  • University or equivalent professional degree

 


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Reference Code: 94393