Senior Executive, New Business Processing & Administration - 2 years contract - #1096471

Income Insurance Limited


Date: 1 week ago
District: Paya Lebar
Contract type: Full time
Work schedule: Full day
Income Insurance Limited

We are looking for a committed and detail-oriented Senior Executive to support the New Business Processing and Admin team. This role involves handling the day-to-day processing of new business applications for Life, Integrated Shield, and Long-Term Care Supplement products, as well as supporting reinstatement processes and regulatory compliance activities related to CRS & FATCA.

This is a great opportunity for someone with strong operational knowledge and a desire to grow within the life insurance industry.

Responsibilities

New Business Processing & Administration
  • Process new business applications and reinstatements accurately and within service timelines.

  • Ensure completeness and compliance of submitted documents.

  • Support the maintenance of SOPs and work instructions.

  • Assist in identifying process gaps and suggesting improvements.

Team & Workflow Support
  • Collaborate with team members to ensure smooth daily operations.

  • Escalate issues to team leads or managers as needed.

  • Participate in cross-training to support multiple product lines.

CRS & FATCA Support
  • Assist in data preparation and validation for CRS & FATCA reporting.

  • Support the annual remediation exercise, including customer outreach and data handling.

  • Coordinate with internal teams for issue resolution and follow-up.

Audit & Compliance
  • Prepare documentation and respond to audit or compliance queries.

  • Ensure adherence to internal controls and regulatory guidelines.

Qualifications

  • Diploma or Degree in Business, Insurance, or a related field.

  • Preferably with LOMA or Diploma in Life Insurance.

  • 2–4 years of experience in life insurance operations, preferably in new business processing.

  • Exposure to CRS & FATCA or regulatory reporting is an advantage.

  • Strong attention to detail and accuracy.

  • Good understanding of life insurance new business processes.

  • Basic knowledge of regulatory compliance (CRS & FATCA).

  • Effective communication and teamwork skills.

  • Proficiency in Microsoft Office and operational systems.

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