Chai Choo Tan
Summary
” Highly experienced and accomplished insurance professional with 28 years of expertise in general insurance and reinsurance. Proven strengths in Accounting, Finance, Regulatory & Compliance, Audit, Outsourcing Management, Business Management including leading Claims and TA Operations. Client Portfolio Management for major clients, contributed millions dollar gains for company. Seeking a challenging role to contribute skills and drive business growth in the insurance industry. Detail-oriented team player with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy.
Overview
32
32
years of professional experience
Work History
Client Expert - Vice President
Swiss Reinsurance Asia Pte Ltd
07.2015 - 04.2023
- From commercial perspective, salvage in millions for Swiss Re during stayed in portfolio review, commutation, included Tax recoverable from client.
- Regional client facing role, focus on China Market for in-force management.
- (After business bound)
- Develop and maintain strong client relationships, by regularly communicating, visiting key clients to understand their needs and provide them with operational solutions.
- Initiated, conduct client claims or system reviews to identify irregular data not complied with wordings or ensure client set up their system efficiently.
- Support and leading Operations team in Bangalore for both Claims and Technical Accounting functions in their automation phase, providing solutions to simplify processes and improve efficiency.
- Collaborate with internal stakeholders during reinsurance renewals, reviewing or made changes of clauses, wordings etc.
- Provide training and consultation on digitalization of client operation included reinsurance technical accounting functions to clients.
- Lead team project in term of portfolio analysis and provide feedback and solutions to stakeholders.
- Participate in global projects, including designing reporting dashboards and onboarding protocol of new products.
- Influence clients in commutation deal and negotiate commutation prices.
Senior Accountant/Deputy of Financial Controller
XL Catlin Insurance Company SE
12.2013 - 06.2015
- Fully in charge of Singapore Branch finance, ensuring compliance with MAS circulars.
- Manage weekly cash flow, optimizing fund allocation for claims and expenses payment and bond investments.
- Leading operations in India, operations including bank reconciliation, premium accruals, and technical accounting entries and credit control.
- Collaborate with corporate secretary for branch matters, such as recruitment and withdrawal of local agents.
- Manage treasury function, including bank transactions, fund transfers, and participation in global cash pooling.
- Develop and implement systems for data quality enhancement.
- Responsible for accounting and regulatory reporting, including quarterly and annual reporting to MAS.
- Prepare financial statements for ACRA and facilitate audits and inspections.
- Provide branch account for group consolidation according to group GAAP.
Assistant Accounts Manager
Allianz Global Corporate & Specialty, SG
10.1995 - 11.2013
- Prepare financial statements, P&L, and balance sheets using SAP.
- Supervision junior staffs in team
- Responsible for quarterly, yearly, and audited reporting to MAS
- Leading operations team for operation excellence and manage foreign currency receipts and conversions.
- Oversee credit control for major company brokers to minimize outstanding premium risks.
- Key member in implementation of new operations system, providing training to team members.
- Successfully migrated opening balances from SUN to SAP during system launch
- Translate US GAAP into local reports for MAS and liaise with auditors and MAS officers.
- Lead credit control project and report extraction due to new system implementation.
Accounts Supervisor
OUB Manulife Pte Ltd
01.1993 - 01.1995
- Compute agent commissions and supervise clerical staff
- Ensure accurate company accounts and manage company cash flow
- Managed full set of Accounts.
Accounts Assistant
Raw Resources Pte Ltd
01.1991 - 01.1993
- In charge of full set of company accounts, reporting to Managing Director
- Maintain company cash flow functionality.
Education
Diploma - Accounting
LCCI
Singapore06.1993
No Degree - Insurance Claims
Singapore Insurance Institute
Singapore12.2018
No Degree - Chartered Financial Analyst
Kaplan
Singapore2025
MBA - Business Management
University of Rohimpton
Singapore08.2024
Skills
- Accounting & Finance (Local GAAP, US GAAP, management reporting, tax accounts preparation)
- Regulatory Compliance (MAS reporting, RBC2 preparation)
- Audit Management
- Outsourcing Operations
- Client Relationship Management
- Cash Flow Management
- Operations Team Management
- Digitalization Strategies
- Portfolio Review/Management
- Software Proficiency (Microsoft Office
- Coaching and Mentoring
- Operational Analysis
yoga, running, music
Daily discipline yoga practitioner, regular runner with musics.
Timeline
Client Expert - Vice President
Swiss Reinsurance Asia Pte Ltd
07.2015 - 04.2023
Senior Accountant/Deputy of Financial Controller
XL Catlin Insurance Company SE
12.2013 - 06.2015
Assistant Accounts Manager
Allianz Global Corporate & Specialty, SG
10.1995 - 11.2013
Accounts Supervisor
OUB Manulife Pte Ltd
01.1993 - 01.1995
Accounts Assistant
Raw Resources Pte Ltd
01.1991 - 01.1993
Diploma - Accounting
LCCI
No Degree - Insurance Claims
Singapore Insurance Institute
No Degree - Chartered Financial Analyst
Kaplan
MBA - Business Management
University of Rohimpton
Similar Profiles
Mariia HarkavenkoMariia Harkavenko
Trainee in Credit&Surety at Swiss Reinsurance Company LTDTrainee in Credit&Surety at Swiss Reinsurance Company LTD
Peter GräniPeter Gräni
Business Analyst at Swiss Reinsurance Company LtdBusiness Analyst at Swiss Reinsurance Company Ltd
Anwesha BanerjeeAnwesha Banerjee
Associate Actuary at Swiss ReinsuranceAssociate Actuary at Swiss Reinsurance