Reinsurance Operations Executive (Labuan) at PolicyStreet

Labuan, Labuan, Malaysia -

Full Time

Start Date

Immediate

Expiry Date

11 Jun, 26

Salary

0.0

Posted On

13 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Settlements, Cash Flow Management, Data Quality Control, Risk Management, Premium Collection, Claims Handling, Reserve Building, Analytical Skills, Administrative Skills, Attention To Detail, Proactive, Independent, Dependable

Industry

Financial Services

Description

ABOUT US: PolicyStreet is a leading InsurTech group, specialising in innovative digital insurance solutions for businesses and consumers in Southeast Asia and Australia. With a network of over 40 providers, we offer a comprehensive range of products, including embedded insurance, customised employee benefits, financial advisory, car insurance renewals and digital solutions – making insurance straightforward, for everyone. Through our regional group of companies, we serve more than 5 million customers with over US$ 10 billion in sum insured. ABOUT THE ROLE: You will join a growing team focused on delivering a profit-oriented proposition. Polisea Labuan creatively evaluates standard and non-standard risks and develops optimal coverage solutions for our clients. You are expected to streamline and standardise processes across various stakeholders to ensure completion and compliance for the benefit of the company's P&L. On top of pursuing a fulfilling job, you will be working with a great bunch of energetic people in building and offering InsurTech solutions across South East Asia! WHAT YOU’LL DO Handle financial settlements with cedents, reinsurers, and reinsurance brokers according to terms and agreements, managing overall cash flow in a timely manner. Control data quality and manage risk-related activities according to internal guidelines. Collect accurate premiums and claims information and proactively handle claims including indexation. Build and collate premiums, claims registers, and outstanding case reserves. WHAT WE EXPECT OF YOU: Must be residing permanently in Labuan. Minimum 2 to 4 years of relevant experience in a company offering (re)insurance. Adequate knowledge of (re)insurance. Proactive natured, independent and dependable. Strong administrative and analytical skills, ability to multi-task with attention to detail. Strong inner drive to achieve and challenge the (re)insurance status quo. PERKS YOU’LL GET TO ENJOY WHILE WORKING HERE! Medical and Life insurance. A wide range of health benefits - including optical, dental, and physiotherapy. Opportunities to experience continuous and rapid growth as well as skills enhancement. Collaboration with an energetic team, that makes the work and learning a lot more fulfilling and fun. We also have a well stocked pantry! Join Our Team in Shaping the Future of Insurance As a homegrown startup that seeks to innovate how we use and think of insurance, we value teammates who think big, challenge the old ways, and take extreme ownership. In PolicyStreet, we aim to do better, to serve people better. We are committed to pushing boundaries of innovation and to develop Purposeful and Simple insurance solutions for businesses and consumers, narrowing the protection gap and improving financial inclusivity in the region. If you are driven to make change, keen to be at the forefront of insurance innovation, and grow with a team of talented and motivated people, we’d be just as excited to get to know you too! Find out more about us via our website at www.policystreet.com. At PolicyStreet, we uphold the principles of equal opportunity and embrace diversity. We are committed to a workplace free from discrimination based on race, religion, colour, gender, sexual orientation, age, marital status, veteran status, or disability status.

Responsibilities

The role involves handling financial settlements with various parties like cedents, reinsurers, and brokers while ensuring timely cash flow management. Key duties include controlling data quality, managing risk activities per guidelines, collecting premiums and claims data, and proactively handling claims including indexation.