Senior Executive, New Business

2 weeks ago


Singapore TRANSAMERICA LIFE (BERMUDA) LTD. Full time
**Job Summary
**Responsibilities

  • Provide quality / prompt service to customer or business partner within set service standards.
  • Work closely with the different departments to support the effective processing of the new business submission.
  • Perform KYC/AML and Due Diligence Review on new business submission adhering to Compliance's requirement.
  • Assist and provide well documented case management notes in accordance to Compliance's policies and regulations.
  • Review policy ownership based on structure for new business case in accordance with Company's guidelines and work with Compliance in their review.
  • Prepare and coordinate the issuance of new business processing letters such as offer letters, First Day Cash Value letter, policy contract, closing letters and other correspondences.
  • Handle medical reimbursement and requisition of medical report upon request.
  • Perform UATs and cascade changes to the team to ensure compliant.
  • Provide coaching and guidance to new hire on the systems, processes and procedures.
  • Identify and coordinate the implementation of process improvements.
  • Manage the endtoend policy servicing processes ranging from the change of contact details, premium notices /lapse notices, transfer of ownership, policy surrender, policy loan request, renewal premium payment and loan repayment and policy contract issuance and filing
  • Handle special projects and other related assignments as delegated
**Requirements

  • Diploma or Degree holder
  • At least 5 years solid insurance processing experience preferably in the High Net Worth Insurance Sector
  • Familiar with insurance policies, term and Universal life in particular
  • Proficiency in MS Office, Excel, Words, PowerPoint
  • Good analytical and problem solving skills
  • Have good organization skills and attention to details.
  • Possess good verbal and written communication skill
  • Good interpersonal skill and be a team player
  • Able to work independently in a dynamic environment and work under pressure
- **- **- ****_Personal data collected will be used for recruitment purposes.
- ****_Personal data of unsuccessful applicants may be retained up to two years only._
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