New business operations executive

2 weeks ago

Singapore FWD Group Management Holdings Limited Full time

New Business Operations Executive Apply Locations: Singapore - Suntec Tower 4 Time Type: Full time Posted on: Posted 10 Days Ago Job Requisition ID: R-0021756 About FWD Group FWD Group is a pan-Asian life and health insurance business with more than 12 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. The company was established in 2013 and is focused on changing the way people feel about insurance. FWD’s customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. In Singapore, FWD aims to change the way people feel about insurance by leveraging technology to deliver products and services that are relevant, easy to understand and always convenient for our customers. To this end, we have a direct-to-consumer (DTC) platform that allows customers to buy their preferred life and general insurance products directly from our website; as well as a network of preferred Financial Advisory (FA) firms for customers who want to speak with an advisor before committing to an insurance plan. Whatever their preference, we believe insurance should be simple, reliable and convenient. If you are looking for a career where you can create a real impact and celebrate living, we invite you to join us on our exciting journey. PURPOSE Support the growth of individual life business through efficient processing and issuance of new business applications. Good quality work, processed within agreed service turnaround time, complying to all risk control mechanisms. Promote the image of the company by delivering an excellent customer experience such that it is seen as a competitive advantage for FWD. KEY ACCOUNTABILITIES Support and manage new business administration for both IFA and D2 C channel. Ensure all customer due diligence checks are conducted for both individual and corporate clients for IFA channel. Manage new business workflow ensuring requirements are promptly routed to respective stakeholders for action (i.e. underwriting, compliance, IT etc.). Manage department’s mailbox(es). Defect management including identification, oversight, reporting, management, and resolution. Active communication with distribution teams including follow up on outstanding requirements and medical reports with customers, intermediaries, and medical clinics/hospitals to expedite policy inception. Perform premium receipting, when required. Making medical appointment on behalf of intermediaries if required. Underwrite non-medical applications within authority and handle contract issuance, preparation of policy documents and arrangement for dispatch if required. Manage customers’ and intermediaries’ feedback and escalate where necessary; collaborate with various stakeholders to achieve fair outcomes according to the complaint resolution process. Be able to identify gaps and champion improvements in the current processes and workflow. Support ad hoc tasks, user acceptance testing, and other projects assigned. Compliant with relevant regulations, FWD policies and our standard operating procedures (SOP). QUALIFICATIONS / EXPERIENCE Diploma holder / post-graduate. At least 3 years of experience in insurance operations, preferably with relevant experience in new business. Preferably Certified in M8, M5, M9. KNOWLEDGE, SKILLS & ABILITY Positive and customer-driven work attitude. Able to work independently in a dynamic environment. Good communication skills. Ability to multi-task and organise tasks. Work as part of a team. Meticulous and diligent. Good understanding of life insurance. Proficiency in MS Office skills and generally tech-savvy. #J-18808-Ljbffr

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