Senior Manager, Group Procurement

Key responsibilities

• Appoint insurance broker through tender for insurance program in Singapore and the Rest of the World (ROW).
• Liaise with various Business Units for insurance renewal information submission and organize renewal of both General Line and Financial Line insurance programs for the group.
• Lead the optimization of insurance program structure for coverage improvement and cost efficiency.
• Check insurance policy thoroughly and coordinate with the broker to ensure policy wordings reflect correctly the renewal intention and coverage that insurers submitted before policy binding.
• Monitor claim status and assist local operation team in major claim settlement.
• Work with the broker to provide risk mitigation advice to operation teams.
• Provide responses to business departments on insurance coverage-related inquiries.
• Work with investment teams on insurance matters for acquisitions, provide insurance premium estimation, and input to insurance-related clauses in the relevant transaction documents.
• Assist investment team on Warranty & Indemnity (W&I) insurance procurement for transactions with such requirement.
• Develop database of insurance cost index across the markets that the group operates in.