Risk Finance Manager (Captive Insurance)

AboitizPower


Date: 1 day ago
City: Taguig
Contract type: Full time
Job ID: 2291

Location: Taguig

Company: Aboitiz Power Corporation

Department: AP Risk Strategies

Employment Type: Probationary

Work Arrangement: Hybrid

The position is responsible for the execution of all the Captive Insurance activities

  • Ensuring that captive insurance deliverables are effectively being executed on-time, which includes coordination with the various third parties pertinent for the operation of the captive insurance. Details are as follows:
  • Captive Insurance Manager
  • Re/Insurance Brokers
  • Re/Insurance Companies
  • Auditors, Tax Agents, Regulators (Singapore & Philippines)
  • Actuaries
  • And all other parties pertinent for the operation of the captive insurance
  • Ensuring that the captive is financially stable, with ample protection against various financial exposures, by ensuring that correct premium pricing is applied, and recoveries following losses has been properly implemented
  • Ensuring that the captive can secure other revenue stream, aside the premium that it is getting from its internal clients (i.e. Investment Income, etc.
  • Preparation and presentation of management reports
  • Facilitations of captive board meetings
  • Ensure that the captive complies with all relevant legal and regulatory requirements both locally and in Singapore, including insurance regulations, corporate governance, and reporting obligations
  • Overseeing claims process, ensuring timely and accurate handling, and coordinate with internal teams and external providers, such as loss adjusters and reinsurers
  • Leverage data analytics to monitor loss trends, financial performance, and key metrics, benchmarking the captive’s performance against industry standards.
  • Maintain strong relationships with key stakeholders, including internal clients, board members, and external service providers, ensuring transparent communication.
  • All other tasks as required by its immediate superior

Experience (No. of Years) Professional: At least 8-10 years experience in risk in the insurance industry, with a focus on underwriting, risk management, or financial analysis. Experience with captive insurance specifically is highly beneficial. Further details of experience needed are as follows:

Risk Management and Underwriting: Knowledge of risk assessment, underwriting practices, and risk management techniques.

Financial Analysis and Reporting: Proficiency in financial analysis, budgeting, and reporting

Regulatory Compliance Knowledge: Familiarity with insurance regulations, especially those related to captive insurance, is essential.

Technology Skills: Competency in insurance and financial software, as well as data analysis tools like Excel, can be critical.

Leadership: Intermediate

Project: Intermediate

Education: Degree in Finance, Accounting, Actuarial Science, Statistics, Mathematics, or related field is required

License Required: None

Certifications: Relevant Risk Management, Insurance (including Captive Insurance) certification/trainings required

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