Policy Services Officer

2 weeks ago

Singapore PRUDENTIAL ASSURANCE COMPANY SINGAPORE (PTE) LIMITED Full time
Roles & Responsibilities

Job Summary

In this role, you will be working on processing Policy Services requests from customers on a day-to-day basis. You will also work on projects relating to the area of work as well as driving feedback loop to identify process gaps and implementing improvements. You will report to a Team Lead within Policy Services team and ensure a timely and seamless experience provided to our Financial Consultants and customers.

Job Description

Policy Services consists of:-

  • Client level changes - change in personal particulars and contact details, update FATCA/CRS, returned mails
  • Policy level changes - change in policy coverage, premium payment mode and method, plan type, free look cancellation, cancellation of policy, fund switch, premium redirection, top-up, reinstatement, add or delete rider, policy assignment, policy review, bankruptcy update, HPS exemption
  • Beneficiary changes - Nomination of beneficiary and Trust
  • Pay-out – Annuity/ Maturity/ Surrender/ Withdrawal/ Cashback pay-out, Survivorship check and CPFIS Profit & Loss
  • Statements Management - Fund statements, Anniversary statements, bonus statements, Post Sales Quotations, Cashback and Loans
  • Enquiries & appeals – status of application, appeals relating to policy services applications

Manage day to day execution of customer's change requests or escalations

  • Administer customer requests relating to change in policy coverage, top-up, add or delete rider in accordance to guidelines, service standards and quality.
  • Assess escalations and make independent decision in complaints resolution.
  • Provide timely support and services to Financial Consultants and customers.
  • Develop and maintain process standard operating procedures (SOP) and user guides
  • Approve payments within authority limit.
  • Other tasks/projects assigned by team lead.

Drive feedback loop to identify process gaps/opportunities and implementing process improvements

  • Understand and identify areas in which there are opportunities for better efficiency, effectiveness and customer centricity.
  • Identify process gaps and train touch point staff in fielding high volume queries from customer to ensure first time resolution to minimize escalations.
  • Drive discussions with internal stakeholders in aligning and implementing improvement initiatives.
  • Work with technology team in drafting the business requirements.
  • Review and sign off UAT test plans and output.
  • Monitor post implementation progress to ensure smooth transition.

Who we are looking for:

Experience

  • Fresh graduate welcomed
  • Knowledge on Life, ILP and term insurance plans will be added advantage

Competencies & Personal Traits

  • Keen learner and able to work independently
  • Customer-oriented, with good interpersonal and communication skills
  • Meticulous, able to process requests with accuracy and meet service standards
  • Problem solving skills
  • Proficient in MS Office
  • Possesses a digital mindset. Able to appreciate and apply digital tools to processes for efficiency.
  • Good analytical and information processing skills, capable of providing sound insights and recommendations under pressure.

Education

  • Diploma or Degree holder

Language

  • English
Tell employers what skills you have

Annuity
UAT
Cyber Security
Police
Enforcement
Loans
Private Banking
Bankruptcy
Pressure
Appeals
Communication Skills
Team Lead
Able To Work Independently
Business Requirements

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