Bancassurance Executive

Singapore College of Insurance Limited; Singapore; On-site; SGD 50,000 - 70,000; Full time

Job summary

Singapore College of Insurance Limited in Singapore is looking for a Bancassurance Executive to oversee operational processes for bancassurance partnerships. Responsibilities include coordinating with bank partners, managing sales reporting, and ensuring compliance.

The ideal candidate will collaborate with various internal teams, resolve operational issues, and identify new business opportunities. Strong organizational and communication skills are required, along with a proactive approach to compliance. Join us to enhance partnerships in a dynamic environment.

Qualifications

• Strong organizational skills to manage multiple partners and initiatives.
• Analytical skills for performance tracking and reporting.
• Excellent communication skills for stakeholder engagement.

Responsibilities

• Coordinate with bank partners for operational matters.
• Prepare and maintain accurate sales performance reports.
• Monitor and report on initiative progress.
• Identify new business opportunities.
• Ensure compliance with regulatory requirements.
• Collaborate with internal teams for issue resolution.

Skills

Partner Coordination

Sales Performance Reporting

Initiative Execution

Compliance Management

Cross-functional Collaboration

Job description

The Bancassurance Executive is responsible for ensuring smooth operational processes for bancassurance partnerships. This role focuses on coordinating with bank partners, managing documentation, and supporting compliance and service delivery. Key responsibilities include sales and commission reporting and tracking, conducting regular cadences with bank stakeholders, executing and tracking initiatives, and identifying new opportunities. The Executive will work closely with internal teams and bank stakeholders to resolve operational issues, track performance, and maintain strong partner relationships.

Key Responsibilities / Duties

1) Partner Coordination

Act as the primary liaison for operational matters with bank partners and conduct regular cadences to review performance and initiatives. Schedule meetings, prepare agendas, document outcomes, and follow up on agreed actions. Ensure at least 95% of scheduled cadences occur on time and action items are closed within agreed timelines.

Prepare, maintain, and validate accurate reports on sales performance, commission payouts, and operational metrics. Perform reconciliation and variance analysis. Achieve 100% accuracy in reports and ensure submission within 3 working days of month-end.

3) Initiative Execution

Support execution and tracking of initiatives aimed at improving bancassurance performance and customer experience. Monitor timelines, report progress, and elevate delays or risks proactively. Ensure 90% of initiatives are delivered within agreed timelines and KPIs.

4) Opportunity Identification

Collaborate with stakeholders to identify new business opportunities and operational enhancements. Conduct market trend analysis and provide recommendations for growth. Present at least one actionable opportunity per quarter.

5) Compliance & Audit

Ensure adherence to regulatory and internal audit requirements. Prepare audit documentation, assist in compliance reviews and implement corrective actions where necessary. Achieve zero non‑compliance findings in audits and complete corrective actions within agreed timeline.

6) Cross-functional Collaboration

Work with underwriting, claims and operations teams to ensure smooth policy issuance and servicing. Coordinate with multiple teams for issue resolution and process improvements. Resolve 95% of escalated issues within SLA timelines.