Insurance Officer (Contract)

Monetary Authority of Singapore; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A national regulatory authority in Singapore seeks candidates for a 1-year contract role that includes executing validation checks, sending reports to insurers, and verifying documents. Applicants should have knowledge of MS Word and Excel, with programming skills in Python being a plus. Strong communication skills and the ability to work well in a team are essential. Candidates will be notified about their applications within 4 weeks of the job posting closing date.

Qualifications

• Knowledge in MS Word and MS Excel required.
• Programming language like Python would be welcomed.
• Good verbal and written communication skills.
• Good interpersonal skills and strong team player.
• Careful and meticulous worker.

Responsibilities

• Execute validation checks using templates from ID.
• Send exception reports to insurers and officers.
• Extract submission dates and collate for ID tracking.
• Assist in reviewing and automating validation processes.
• Verify digitised returns/statistics related documents.

Skills

Knowledge in MS Word

Knowledge in MS Excel

Programming language like Python

Good verbal and written communication skills

Good interpersonal skills

Strong team player

Careful and meticulous worker

Job description

What the role is:

Insurance Department supervises and regulates insurance companies and has as its primary objective the protection of policyholders' interests. The department adopts a risk-focused approach in the prudential and market conduct supervision of insurance companies. In its standards setting role, the department works closely with industry associations to promote the adoption of best practices by the industry.

What you will be working on:

• To help execute the validation checks (using validation templates built by Insurance Department (ID) that Statistics and Library Division (SLD) of EKD used to perform for the regular returns collected from ID;
• To help send exception reports (i.e. where the data submitted by insurers are flagged by the validation templates to be out of range) to insurers as well as officers in charge for necessary follow up;
• To help to extract the submission dates of the returns and collate in a specified format for ID to track the timeliness of submission of returns;
• To assist in the review of the validation checks and work processes, with the view to streamline and automate the validation processes;
• To help verify digitised returns/statistics related documents

What we are looking for:

• Knowledge in MS Word and MS Excel required
• Programming language like Python would be welcomed
• Good verbal and written communication skills
• Good interpersonal skills and strong team player
• Careful and meticulous worker

This is a 1-year contract. All applicants will be notified on whether they are shortlisted or not within 4 weeks of the closing date of this job posting. As part of the shortlisting process for this role, you may be required to complete a medical declaration and/or undergo further assessment.

About Monetary Authority of Singapore

MAS is the central bank of Singapore. Our mission is to promote sustained non-inflationary economic growth, and a sound and progressive financial centre.