Associate Director - Energy
Price Forbes
Job Description
Your key responsibilities include: -Work closely with the Head of Energy in the development and profitable growth of the Energy (re)insurance portfolio across the full energy value chain, including but not limited to:
Upstream Energy: exploration, drilling, production, OFS, FPSO/FSRU, offshore and onshore operationsMidstream Energy: pipelines, storage, terminals, LNG, processing and transportationDownstream Energy: refining, petrochemicals, marketing, distribution and retailPower & Utilities: conventional power, renewable energy, energy transition, transmission and distributionMining & Minerals: hard rock mining, bulk commodities, processing, smelting and associated infrastructure
Business Development & Production
Assist the Head of Energy and grow the Energy (re)insurance practice across upstream, midstream, downstream, power, mining and minerals.Drive profitable new business across all Energy subsectors, working with retail, wholesale and reinsurance platforms.Identify and pursue complex, cross‑border and specialty Energy opportunities.Strengthen relationships with key clients, producers, cedants, reinsurers, underwriters and international broker partners.Collaborate closely with London and other global hubs to leverage technical capability and market access.
Placement & Client Delivery
Ensure the prompt placement of reinsurance contracts in accordance with client requirements and needs, in a timely manner and in compliance with regulatory requirements, acting in the best interest of the client and the Company at all times. Provide strategic risk advisory to Energy clients across construction, operational, project and transitional risks.Represent the Energy Department and the Company internally and externally. Identify and act upon new business opportunities that promote the profitable development of the Energy portfolios.
Provide a quality service to clients covering all aspects of their (re)insurance arrangements; advise, arrange, and secure appropriate cover at competitive premiums.
Ensure sound business practices compliant with the Company’s Rules, Procedures and other management instructions, in particular with regard to:
The conduct and recording of business Confirmations and evidencing of cover Recording and filing of all communications and discussions The safeguarding of client monies The escalation and reporting of breaches, errors & omissions, disputes and complaints
Liaise with other Department Heads and senior managers to ensure a coordinated approach is adopted on matters with cross company impact. Ensure that the team adopts and upholds best practices and acts in a compliant manner at all times, including with regards to the handling of clients, filing of documentation, tracking of enquiries, handling of claims and processing of business.
Any other relevant tasks that the line manager may from time to time require you to enact.
Representing Price ForbesChampion the Price Forbes name and core values.
Unity – we build on our own experience of innovation to push boundaries in partnership with clients. Accountability – we take ownership of our actions, honour our commitments, accept responsibility for our decisions, and follow through with integrity.Integrity – we act with honesty, transparency, and fairness in all interactions, building trust through ethical behaviour and principled decision-making.Quality – we are committed to delivering high standards, paying attention to detail, and continuously improving to exceed expectations.
ComplianceComply with relevant legal, regulatory and compliance requirements, E&O compliance procedures and quality initiatives.Escalation of any potential E&O's to Compliance Officer and Executive Directors at the earliest opportunity.Ensure completion of all mandatory Company training and to deadline.
Your scope of duties is not restrictive and may be expanded at the company’s discretion.Regulatory Responsibilities / Knowledge Required:To be familiar with the detailed regulatory obligations imposed by Monetary Authority of Singapore (MAS).To ensure you are trained and competent to perform your duties to the required standard and in compliance with the Monetary Authority of Singapore (MAS) regulations.Detailed understanding and knowledge of general insurance and underlying legal principles.Detailed understanding of the Company’s internal procedures and practices.
Requirements / Skills Required:8+ years trading facultative (re)insurance across Asia Pacific region.Ability to organize and delegate tasks effectively.Ability to prioritize and organize own workload to ensure that deadlines are adhered to and targets are met.Ability to work under pressure Excellent written and verbal communication skills.Ability to develop and sustain relationships with both internal and external parties.Confidence in representing the team or the company both internally and externally.Proficient computer skills, such as Microsoft suites, etc.