Avp, Strategic Broker Partnership, Employee Benefits

2 weeks ago


Singapore Singapore Life Ltd. Full time
4 Shenton Way, SGX Center 2, Singapore, Singapore, Singapore

  • Department
  • Mercer and Marsh
  • Job posted on
  • May 07, 2024
  • Employment type
  • Permanent
  • Full TimeSinglife is a leading homegrown financial services company offering consumers a better way to financial freedom. Through innovative, technologyenabled 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.


Key Responsibilities

Financial

  • Responsible for annual financial targets (GWP, APE, VNB, and IFRS targets).
  • Responsible for business persistency target.

Non-Financial

  • Visitation and network with strategic brokers to enhance business relationships.
  • Provide quotations in accordance with assigned underwriting limits and within the company's underwriting guidelines.
  • Placement of New Business and related policy documents.
  • Drive sustainable growth strategies by implementing new business initiatives.
  • Arrange and provide regular training to intermediaries.
  • Participate in adhoc projects assigned.
  • Foster greater collaboration across business development team, client servicing team and operational teams to support clients.
  • Generate leads for crosssales opportunities through corporate wellness programs.
  • Takes accountability in considering business and regulatory compliance risks.

Requirements:

Experience

  • Preferably with at least 5 years of experience in Employee Benefits industry.
  • Expert knowledge of Life and Health Insurance.
  • Has proven track record in sales, managing brokers and processes.

Education

  • Academic: 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


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