Associate, New Business Operations

Overview

Get AI-powered advice on this job and more exclusive features.

To ensure the smooth running of all the processes in and associated with New Business operations and provides excellent services to the distribution partners, underwriters and external customers.

Responsibilities

• Manages the workflow of insurance applications from their receipt to the dispatch of policy documents.
• Ensures accurate records are captured and maintained in the core system and related systems.
• Works closely with the field force, internal stakeholders (particularly with the Underwriting, Finance and the AML teams) and external parties (paramedic services provider, banks, reinsurers, etc.), to ensure smooth processing of insurance applications and within the required TATs.
• Assists Team Leader to review / update the SOP & guidelines and performs quality review as needed.
• Engage in any other assignments and / or ad-hoc functions that relevant to the job if required by the management from time to time.
• Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
• Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
• Highlights any potential concerns / risks and proactively shares best risk management practices.

We are looking for people who

How you succeed

Who we are

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei.

The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.

Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

Seniority level

Associate

Employment type

Full-time

Job function

Other and Administrative

Industries

Insurance

#J-18808-Ljbffr