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(Commitment, Innovation, Proactive, Teamwork, Accountability)

Check out the latest job advertisement on Jobstreet or find the job information below: 

1. Based at the Co-Located Office (Bangsar South, Kuala Lumpur)

Management Trainee Program

MANAGEMENT TRAINEE PROGRAM

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1. Objective
Labuan Re offers an individual placement named Management Trainee Program to support university graduates’ capacity building and our company talent development.

2. Requirement
Bachelor’s degree graduates in Actuarial, Insurance, Banking, Finance, Accounting, or any related discipline or Professional Certification are encouraged to apply. Graduates with two years or less working experience can be considered.

3. Duration
The Program duration is 12 months, with job rotation within the host department. Subject to a 12 month bond effective from the date he joined the Program and another 12 months upon completion of the Program if absorbed as an employee.

4. Selection
Shortlisted candidates will undergo a thorough selection process i.e., written test, personality profiling, presentation on a given topic, and panel interview.

5. Host Department

A.Underwriting Department – based in KL

✓ Exposure to Conventional/Retakaful/Facultative underwriting in administrating and preparing underwriting statistics for the relevant markets (all regions), including the Middle East, North Africa, and South Asia Region, North America Region, and Southeast Asia Region conventional markets. This includes learning about pre-underwriting treaty risks.

✓ Understanding and assisting backend reinsurance support on the treaty and facultative contracts.

✓ Increase capabilities in using data as part of business intelligence analytics.

B. Investment Department – based in KL

✓ Opportunity as a start-off career in managing treasury and investment products, facilitating the banking requirement on investment portfolio management, investment-related settlements, etc.

✓ Support the Fund Managers in identifying companies for investments through research and analysis.

✓ Learning to prepare various investment reports, essential documentation, and risk and compliance on the investment guidelines.

✓ Exposures to Investment Tools and Systems used for analysis, projection, and decision-making

C. Finance Department – based in KL

✓ Assisting in handling data inputs in the SICS system and attending to inquiries from brokers/agents and internal stakeholders.

✓ Preparing different types of financial reporting and accounting tasks per the procedures laid down in the Procedural Manual of the Accounts Department and applicable rules and regulations.

✓ Exposure to all Finance operations that include payment, reconciliation, credit control, and reporting.

D. Claims & Retrocession Recovery Department – either based in KL or Labuan.

✓ You learn how to record and process claims based on the contract of policies, different classes of insurance products and services, and countries’ tariff or treaty laws governing insurance contracts.

✓ Preparing the different claims/event reports for management reporting/board updates.

✓ Experiencing how negotiation and settlement of claims, recovery of excess claims, and loss adjusting are done.

6. Learning & Development

  • Focuses on experiential (on-the-job) and social learning (coaching/mentoring). Trainees are encouraged to participate in all Knowledge Sharing Sessions conducted by Labuan Re’s internal subject matter.
  • A Competency Assessment is required at the end of the first 12-month Program to assess the trainee’s awareness and adaptiveness of Labuan Re’s Core Values, Leadership/Behavioural, and Functional Competencies.

7. Compensation

  • Each trainee will receive a monthly allowance with essential benefits like insurance & medical outpatient coverage.
  • If absorbed as a permanent employee, you will receive a monthly salary and other benefits.
Click Here to APPLY
Deputy Manager/Manager, Underwriting

Position Title: Deputy Manager/Manager, Underwriting

Reporting to: Head of Region
Location: Bangsar South, Kuala Lumpur

JOB REQUIREMENTS:

Experience

  • Bachelor’s degree in any related field
  • Have 3 years of relevant working experience in related function

Knowledge/Skills

  • Treaty underwriting assessment including knowledge of Long Tails, Short Tail, Proportional Pricing Tool Fundementals
  • Intermediate to expert level of Excel with extensive usage of pivot tables,pivot charts, and the ability to cut and slice data from our internal booking system.

Attributes

  • Self-starter and work independently on projects, tasks and learning.
  • Exceptional communication skills (written and verbal) – clearly articulating ideas presented.
  • Attention to detail and good judgment.

JOB DESCRIPTIONS:

Assists the Facultative/Retakaful/Conventional Division in managing the assigned markets (all regions), including underwriting, training, and marketing. This includes being a 4-eye referral point for treaty risks when necessary.

Underwriting

  • Assists in managing and underwrite treaty risks for the assigned division
  • Generate business through marketing efforts for the division.
  • Assist the Head of Division in managing the portfolio through performance management reports and usage of analytics to optimize the portfolio.
  • Contribute the construction of the strategy, execute and monitor business plans.
  • Contribute to continuous process improvements to achieve higher operational efficiency.

People Management

  • Guide the admin team and/or assistant underwriter on underwriting risk exposure analysis, including motivating the team to achieve a higher standard of performance.
  • Supervise subordinate’s day to day activities.
  • Conduct training periodically internally (underwriters, claims) and externally (clients).
Executive/Senior Executive, Underwriting

Position Title: Executive/Senior Executive, Uderwriting

Reporting to: Head of Region
Location: Bangsar South, Kuala Lumpur

JOB REQUIREMENTS:

Experience

  • Bachelor’s degree in any related field or a Diploma in a related field is a minimum.
  • Have a minimum of 2 years of relevant working experience in the related function.

Knowledge/Skills

  • Data entry in any backend reinsurance support, including knowledge of types of the treaty and facultative contracts.
  • Intermediate level of Excel with the usage of pivot tables, pivot charts, and the ability to extract data from our internal booking system.

Attributes

  • Works well in teams internally (within the division) and externally.
  • Acceptable communication skills (written and verbal) with a clear
    articulation of ideas presented.
  • Attention to detail and good judgment.

JOB DESCRIPTIONS:

Assists the Facultative/Retakaful/Conventional Division in managing the assigned markets (all regions), including underwriting, training, and marketing. This includes being a 4-eye referral point for treaty risks when necessary.

Underwriting

  • Assists in managing and underwrite treaty risks for the assigned division
  • Generate business through marketing efforts for the division.
  • Assist the Head of Division in managing the portfolio through performance management reports and usage of analytics to optimize the portfolio.
  • Contribute the construction of the strategy, execute and monitor business plans.
  • Contribute to continuous process improvements to achieve higher operational efficiency.
  • Assists in administering marketing efforts for the division.

Development

  • Attend training periodically internally and externally.

2. Based at the Head Office (Labuan)

Executive, Technical Accounting

Position Title: Executive, Technical Accounting

Reporting to: Manager, Technical Account
Location: Head Office, Labuan

 

JOB DESCRIPTIONS:

Technical Accounting

  • Verify Treaty statements to ensure agreement to underwriting terms.
  • Verify arithmetical accuracy of treaty statements.
  • Ensure the process of Treaty entries complies with the procedures laid down in the Procedural Manual of the Accounts Department.
  • Monitor the timely submission of Treaty statements by Brokers and Ceding Companies.
  • Monitor the timely receipt of credits for cash calls (proportional treaty). Follow up on all outstanding cash call credits. Monitor the timely release of reserves for premiums and claims. Follow up on outstanding releases.
  • Assist in following up all outstanding matters of the Company’s Treaty business.
  • Liaise with the Underwriting Department on all matters of the Company’s business.

Supervision

  • Supervise subordinates on data entry tasks.
  • Delegate work to junior staff assigned to Treaty Accounting functions.
  • Ensure accuracy and timeliness of all entries made by subordinates in the new Underwriting system.

Management Reports

  • Assist in preparing reports and underwriting statistics for monthly/quarterly reporting to Management.
  • Assist in the preparation of ad–hoc reports for Management and/or regulators.

Credit Control

  • Assist in Credit Control and act as Account Handler in reconciling Account Statements and requests for settlements.
  • Assist in Credit Control in following up on outstanding issues of specific accounts.

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