Policy Services Officer - Minor Alteration

Prudential Assurance Company Singapore; Singapore; On-site; SGD 40,000 - 60,000; Full time

Job summary

Prudential Assurance Company Singapore is looking for a detail-oriented individual to manage Policy Services requests and enhance customer experience. The role involves executing customer requests, developing SOPs, and driving process improvements. Ideal candidates should have a diploma or degree, strong interpersonal skills, and a problem-solving mindset. Knowledge of insurance plans is beneficial. This role ensures timely support to Financial Consultants and focuses on efficiency and accuracy in service delivery.

Qualifications

• Keen learner and able to work independently.
• Knowledge on Life, ILP and term insurance plans is an advantage.

Responsibilities

• Manage customer change requests and escalations.
• Develop and maintain process standard operating procedures.
• Identify process gaps and implement improvements.
• Collaborate with technology team on business requirements.

Skills

Customer-oriented

Interpersonal and communication skills

Meticulous processing

Problem solving

Proficient in MS Office

Digital mindset

Education

Diploma or Degree holder

Job description

Job Summary

In this role, you will be working on processing Policy Services requests from customers on a day-to-day basis. You will also work on projects relating to the area of work as well as driving feedback loop to identify process gaps and implementing improvements. You will report to a Team Manager within Policy Services team and ensure a timely and seamless experience provided to our Financial Consultants and customers.

Job Description

Policy Services consists of the following:

• Client level changes - change in personal particulars and contact details, update FATCA/CRS, returned mails
• Policy level changes - change in policy coverage, premium payment mode and method, plan type, free look cancellation, cancellation of policy, fund switch, premium redirection, top-up, reinstatement, add or delete rider, policy assignment, policy review, bankruptcy update, HPS exemption
• Beneficiary changes - Nomination of beneficiary and Trust
• Pay‑out – Annuity/ Maturity/ Surrender/ Withdrawal/ Cashback pay‑out, Survivorship check and CPFIS Profit & Loss
• Statements Management - Fund statements, Anniversary statements, bonus statements, Post Sales Quotations, Cashback and Loans
• Enquiries & appeals – status of application, appeals relating to policy services applications

Manage day to day execution of customer’s change requests or escalations

• Administer customer requests under the Minor Policy Alteration function in accordance to guidelines, service standards and quality.
• Assess escalations and make independent decision in complaints resolution.
• Provide timely support and services to Financial Consultants and customers.
• Develop and maintain process standard operating procedures (SOP) and user guides
• Approve payments within authority limit.
• Other tasks assigned by Team lead.

Drive feedback loop to identify process gaps/opportunities and implementing process improvements

• Understand and identify areas in which there are opportunities for better efficiency, effectiveness and customer centricity.
• Identify process gaps and train touch point staff in fielding high volume queries from customer to ensure first time resolution to minimize escalations.
• Work with technology team in drafting the business requirements.
• Review and sign off UAT test plans and output.
• Monitor post implementation progress to ensure smooth transition.

Who We Are Looking For

Competencies & Personal Traits

• Keen learner and able to work independently
• Customer-oriented, with good interpersonal and communication skills
• Meticulous, able to process requests with accuracy and meet service standards
• Problem solving skills
• Proficient in MS Office
• Possesses a digital mindset. Able to appreciate and apply digital tools to processes for efficiency.

Education & Experience

• Diploma or Degree holder
• Knowledge on Life, ILP and term insurance plans will be added advantage

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.