Bancassurance Partnerships Specialist

UNITED OVERSEAS INSURANCE LIMITED; Singapore; On-site; SGD 42,000 - 62,000; Full time

Job summary

UNITED OVERSEAS INSURANCE LIMITED in Singapore seeks a Bancassurance Executive to streamline operations for bancassurance partnerships, coordinating with bank partners, managing documentation, and supporting compliance and service delivery.

You will deliver sales and commission reporting, track initiatives, and work with internal teams to resolve issues, ensuring timely policy issuance and high customer service standards.

Qualifications

• Diploma or Degree in Business, Finance, or related field.
• 1-2 years in bancassurance, insurance operations, or financial services support.
• Proficiency in Microsoft Excel (pivot tables, VLOOKUP) and reporting tools. Familiar with CRM systems.
• Ability to interpret sales and commission data, identify variances, and provide actionable insights.
• Strong interpersonal skills to liaise with bank stakeholders and internal teams effectively.
• Understanding of regulatory requirements and audit processes in insurance.
• Detail-oriented, organized, able to manage multiple priorities, and proactive in problem-solving.

Responsibilities

• 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.
• Sales & Commission Reporting: 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.
• Initiative Execution: Support execution and tracking of initiatives aimed at improving bancassurance performance and customer experience. Monitor timelines, report progress, and escalate delays or risks proactively. Ensure 90% of initiatives are delivered within agreed timelines and KPIs.
• 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.
• 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.
• 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.

Skills

Interpersonal skills

Stakeholder liaison

Regulatory awareness

Data interpretation

Education

Diploma or Degree in Business, Finance, or related field

Tools

Microsoft Excel

CRM systems

Job description

UNITED OVERSEAS INSURANCE LIMITED in Singapore seeks a Bancassurance Executive to streamline operations for bancassurance partnerships, coordinating with bank partners, managing documentation, and supporting compliance and service delivery.

You will deliver sales and commission reporting, track initiatives, and work with internal teams to resolve issues, ensuring timely policy issuance and high customer service standards.