Associate, Business Development

Welcome to the Latest Job Vacancies Site 2024 and at this time we would like to inform you of the Latest Job Vacancies from the Singapore Life Ltd. with the position of Associate, Business Development - Singapore Life Ltd. which was opened this.

If this job matches your qualifications, please send your application directly through our latest Job site. Indeed, every job is not easy to apply because it must meet several qualifications and requirements that we must meet in accordance with the standard criteria of the Company who are looking for potential candidates to work. Good job information Associate, Business Development - Singapore Life Ltd. below matches your qualifications. Good Luck: D

It also offers the Singlife Account, a mobile-first insurance savings plan. Support Corporate Business Head in driving the growth and profitability of assigned…...

4 Shenton Way, SGX Center 2 , Singapore, Singapore, Singapore

Department Alternate Distribution Team - Drive Margin Job posted on May 31, 2024 Employee Type Permanent - Full Time Experience range (Years) 3 years - 5 years

Singlife is a leading homegrown financial services company offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives.

In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, Singlife offers investment and advisory solutions through its

GROW with Singlife platform. It also offers the Singlife Account, a mobile-first insurance savings plan.

Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance and the United Nations-supported Principles for Responsible Investment, affirming its commitment to finding a better way to sustainability.

First announced in September 2020 and valued at S$3.2 billion, the merger of Aviva Singapore and Singlife was the largest insurance deal in Singapore then and created one of the largest homegrown financial services companies in the republic.

Purpose of the Role


  • Support Corporate Business Head in driving the growth and profitability of assigned customized corporate business portfolios.

  • Compilation of the business units financial performance and reporting
  • Collaborating with assigned intermediaries and pooling partner to maintain and support the current business.
  • Directly engage with corporate customers to provide servicing and renewal activities.
  • Ensure the continued success of the business by meeting the targets for persistency and VNB for the year.
  • Work closely with the intermediaries to effectively promote the Affinity Program and meet the set target.
  • Engage in projects aimed at fostering career advancement and driving growth.
  • Promote and offer additional Group Business products to our valued clients.
  • Deliver exceptional customer service to clients and prospects, ensuring their needs are met efficiently and with a focus on quality.
  • Administer policies for the assigned segment in a thorough and effective manner.
  • Proactively building and nurturing relationships with a wide range of individuals and organizations
  • Addressing and resolving any concerns or escalations raised by clients and employees, including issues related to products and/or platform
  • Facilitating communication sessions for direct accounts or participating in sessions organized by intermediaries

Key Responsibilities


Financial


  • Achieve annual business targets and IFRS set
  • Achieve 90% persistency and meeting agreed response turn-around time
  • Achieve collection of premiums within 60 days from issuance of Tax Invoice

Non-Financial


  • Assist in the implementation of identified business initiatives

  • Ensure risks are underwritten and accepted in accordance with the risk management and underwriting policies of the company and ensure compliance with regulatory requirements.
  • Responsible for premium collection of the allocated accounts
  • Responsible for the coordination of the unit’s monthly business performance result and ensure timely reporting and tracking
  • Assist in training and guide intermediary in our process and system.
  • Monitor and ensure service deliverables with Customer Service Team as well as any Service Level Agreements
  • Assist in value creation strategy such as sales incentives, business/products promotion, sales, engagement, monthly meetings, relationship mapping

Requirements


Experience


  • Preferably with experience in Employee Benefits industry and sound knowledge of Life and Health Insurance


Capability


  • Able to work independently and as a team.

  • With strong presentation skills
  • Strong Interpersonal skills
  • Strong Communications and Negotiation skills
  • Customer oriented
  • Positive attitude
  • Keen Learner

Education


  • Recognized university degree; or at least GCE ‘A’ level or Diploma with relevant professional insurance qualifications

  • Capital Markets & Financial Advisory Services (CMFAS) Exams: Modules 5 & 9 (CLI, ILP equivalent).
  • Certificate in Health Insurance

Information :

  • Company : Singapore Life Ltd.
  • Position : Associate, Business Development
  • Location : Singapore
  • Country : SG

How to Submit an Application:

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Post Date : 31-05-2024