Income Insurance Limited | Senior Executive, Distribution Middle Office

4 days ago


Singapore Income Insurance Limited Full time

Income Insurance Limited (Income Insurance) is one of the leading composite insurers in Singapore, offering life, health and general insurance. Established in Singapore to plug a social need for insurance in 1970, Income Insurance continues to put people first by serving the protection, savings and investment needs of individuals, families and businesses today. Its lifestyle-centric and data-driven approach to insurance and financial planning puts the company at the forefront of innovative solutions that empower the people it serves with better financial well-being. Additionally, Income Insurance is committed to being a responsible business that champions the environment and builds stronger communities by supporting financial inclusion, education for youth-in-need and seniors’ well-being.
Your key responsibilities include, but are not limited to:
Responsible for fit & proper assessment applicable to the appointment of representatives under Representative Notification Framework (RNF) within agreed timeline, which includes:
Conducting fit and proper assessment on each candidate
Making recommendation on the suitability of each candidate
Flagging out adverse findings and escalating of case for further evaluation
Ensure completeness of documentation for each candidate.
Liaise with candidates, hiring manager and internal stakeholders on all matters relating to the recruitment of the candidate:
Missing information or supporting documents required for due diligence checks
Funding schemes extended to candidate
Signing of Agency Agreement with candidate
Validation of Talent Transition Funding (TTF) package offer
Provide regular statistics & report to Distribution Channels related to candidate & appointment of representatives.
Conduct periodic declarations and checks such as:
Quarterly review of representatives who are appointed with enhanced monitoring
Daily credit monitoring on representative financial status
Annual self-declaration from representative
Support for other Distribution Support functions such as reference check requests:
Granting of sales authority
Handling audit requests related to fit & proper assessment
Regular review of process to streamline and ensure relevancy
Any other projects or tasks as assigned.
Qualifications:
Degree or Diploma in any discipline
At least 2 years’ experience in Distribution Support, particularly in MAS Representative Notification Framework
Proficient in Microsoft Office Applications such as Excel, Word and PowerPoint
Highly organized, focused and able to work under tight timelines and pressure
Independent, self-driven and results-oriented
Meticulous with a keen eye for detail
Strong interpersonal skills and ability to influence stakeholders
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