Vice President, Bancassurance
Posted Updated
Description
<p style="margin:0in;font-family:Calibri;font-size:11pt;">Singlife is a
leading homegrown financial services company, offering consumers a better way
to financial freedom. Through innovative, technology-enabled solutions and a
wide range of products and services, Singlife provides consumers control over
their financial wellbeing at every stage of their lives.</p>
<p style="margin:0in;font-family:Calibri;font-size:11pt;"> </p>
<p style="margin:0in;font-family:Calibri;font-size:11pt;">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.</p>
<p style="margin:0in;font-family:Calibri;font-size:11pt;"> </p>
<p style="margin:0in;font-family:Calibri;font-size:11pt;">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.</p>
<p style="margin:0in;font-family:Calibri;font-size:11pt;"> </p>
<p style="margin:0in;font-family:Calibri;font-size:11pt;">The merger of Aviva
Singapore and Singlife was announced in September 2020 and created one of the
largest homegrown financial services companies in Singapore in a deal valued at
S$3.2 billion. It was the largest insurance deal in Singapore at the time.</p>
<p style="margin:0in;font-family:Calibri;font-size:11pt;"> </p>
<p style="margin:0in;font-family:Calibri;font-size:11pt;">Singlife was
subsequently acquired by Sumitomo Life in March 2024, one of Japan’s leading
life insurers, which valued Singlife at S$4.6 billion, making the transaction
one of the largest insurance deals in Southeast Asia.</p><p style="margin:0in;font-family:Calibri;font-size:11pt;"><br /></p><p class="MsoNormal"><b><span style="font-size:11pt;line-height:115%;">Key
Responsibilities</span></b><span style="font-size:11pt;line-height:115%;"></span></p><p></p><p class="MsoNormal"><u><span style="font-size:11pt;line-height:115%;">Sales
& Business Development</span></u></p><ul><li><span style="font-size:11pt;text-align:justify;text-indent:-25.5pt;">Achieve
individual business/sales targets by driving partners productivity.</span></li><li>Monitor
sales pipelines and maintain accurate forecasting.</li><li>Identify
and develop bancassurance new business opportunities in both onshore and
offshore to drive revenue growth.</li><li>Develop
and execute business development plans aligned with company objectives.</li><li>Promote
the company’s products and solutions to partners and clients.</li><li>Stay
informed on industry trends, competitive developments, and evolving advisor
needs. </li><li>Support
trainings, campaigns, seminars, and client engagement events.</li></ul><p class="MsoNormal"><u><span style="font-size:11pt;line-height:115%;">Relationship
Management</span></u></p><ul><li><span style="font-size:11pt;text-indent:-25.5pt;">Serve
as the primary point of contact for assigned partners and key accounts.</span></li><li>Improve
advisor engagement, efficiency, and sales effectiveness. </li><li>Address
partners’ enquiries and resolve issues promptly to ensure a positive
experience.</li><li>Conduct
regular meetings and business reviews with partners.</li><li>Provide
ongoing support, training, and product updates to partners.</li></ul><p class="MsoNormal"><u><span style="font-size:11pt;line-height:115%;">Compliance
& Governance</span></u></p><ul><li><span style="font-size:11pt;">Ensure all business activities comply with MAS regulations and internal
policies.</span></li><li>Maintain proper documentation and records of business activities.</li><li>Adhere to company risk management and compliance standards.</li></ul><p class="MsoNormal"><span style="font-size:11pt;line-height:115%;"> </span></p><p></p><p class="MsoNormal"><b><span style="font-size:11pt;line-height:115%;">Key
Requirements</span></b></p><ul><li><span style="font-size:11pt;text-indent:-25.5pt;">8
years of experience in business development, sales or account management.</span></li><li>Experience
in insurance, financial services, wealth management, or banking. </li><li>Proven
track record in achieving sales targets and building strong business
relationships. </li><li>Relevant
industry certifications, including CMFAS Papers - RES5/M9/M9A/HI</li><li>Strong
knowledge for life insurance products (e.g., whole life, ILP, IUL) </li></ul><p style="margin:0in;font-family:Calibri;font-size:11pt;">
</p><p class="MsoNormal"><span style="font-size:11pt;line-height:115%;"> </span></p>
