What are the responsibilities and job description for the AVP, Business Development position at Singlife Life Ltd?
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.
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.
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.
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.
Responsibilities :
- To manage existing and develop new FA and affinity partnership programs to deliver incremental profitable business growth for the company, mainly focusing on Personal Lines products. The person will also need to work closely with other internal stakeholders to design, setup & optimize the end-to-end business process for the responsible affinity programs, including underwriting, risk control, claims and operation, etc.
- Grow and develop FA and affinity programs to meet the pre-set GWP and L / R target.
- Work closely with other internal & external stakeholders to setup / optimize the operational processes for existing / new programs, including Q&B journey, policy issuing, customer inquiry handling, claims handling, business renewal, endorsement, etc.
- Ensure compliance with required control in place.
- Create and maintain a risk management environment that ensures risks taken by the function are identified, assessed and frequently monitored, managed and reported against.
- Ensure full understanding of Fair Dealing Outcomes and one’s own accountability in delivering these outcomes as applicable to the role.
- Work with department ED as a business manager to help on projects to cross-sell and implement cross lines-strategy.
Requirements :
J-18808-Ljbffr
