➢Daily Operation of Department (Functional Work):
▪Work closely with Head of Insurance Team for procurement/bidding to choose appropriate Insurance Broker, Local Insurers and Reinsurers
▪Work with Head of Insurance and participate with other division/department in activities including insurance and investment matters in NSRP.
▪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
▪Calculate/Recalculate Reinsurance/Insurance Premium, No claim Bonus, Loss Load, Actual Turnover and additional/refund premium, follow up with payments
▪Work closely with the appointed Insurance Broker & Local Insurers to fulfill the assigned tasks
▪In charge in communicating and coordinating with internal departments and relevant parties to manage NSRP insurance claim matters within the time frame
➢Support the Team to achieve the following common goals:
▪Work with local insurers
➢Building capability of teams
▪Review and arrange the Renewal for NSRP&039;s Office Multi Risks, CPM, TPL insurance program, including payments
▪Negotiation with brokers/potential Insurance Leaders about the Terms, Condition, Coverage, Limitation, Deductible of Insurance Policies
➢Perform any other tasks, responsibilities and duties as requested by Superiors
➢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.
▪Conduct Broker/NSRP Renewal Strategy meeting
➢Procurement
▪Make sure all workflows to comply with company’s procedures, manuals, policies
▪Comply with policies/ procedures/ processes applied for Insurance Team
▪Review the Insurance program and propose the optimization plan together with risk analysis
▪Optimize the insurance clauses in the current Insurance Policies
▪Work with Head of Insurance to create, submit for approval and implement NSRP internal bidding process for Renewal Insurance Program
▪Contribute to create evaluation criteria of bidding process
▪Provide Coaching, mentoring and knowledge sharing to/with other junior staff in the team/department
➢Policy and procedure
▪Monitor the Placement Progress and report to Management Team when/as required
▪Prepare reports, as requested by Head of Insurance Team and the Company’s request
➢Reporting
▪To procure Renewal Insurance Program within the targeted timeline and the approved budget
▪Develop personal capabilities using existing formal and informal training opportunities, while also coaching others as required.
▪Set- up strategy of the Insurance Program
