Vice President, Bancassurance

Singlife is a leading homegrown financial services company, offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives.

In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, Singlife offers investment and advisory solutions through its GROW with Singlife platform. It also offers the Singlife Account, a mobile-first insurance savings plan.

Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance and the United Nations-supported Principles for Responsible Investment, affirming its commitment to finding a better way to sustainability.

The merger of Aviva Singapore and Singlife was announced in September 2020 and created one of the largest homegrown financial services companies in Singapore in a deal valued at S$3.2 billion. It was the largest insurance deal in Singapore at the time.

Singlife was subsequently acquired by Sumitomo Life in March 2024, one of Japan's leading life insurers, which valued Singlife at S$4.6 billion, making the transaction one of the largest insurance deals in Southeast Asia.

Key Responsibilities

Sales & Business Development

• Achieve individual business/sales targets by driving partners productivity.
• Monitor sales pipelines and maintain accurate forecasting.
• Identify and develop bancassurance new business opportunities in both onshore and offshore to drive revenue growth.
• Develop and execute business development plans aligned with company objectives.
• Promote the company's products and solutions to partners and clients.
• Stay informed on industry trends, competitive developments, and evolving advisor needs.
• Support trainings, campaigns, seminars, and client engagement events.

Relationship Management

• Serve as the primary point of contact for assigned partners and key accounts.
• Improve advisor engagement, efficiency, and sales effectiveness.
• Address partners enquiries and resolve issues promptly to ensure a positive experience.
• Conduct regular meetings and business reviews with partners.
• Provide ongoing support, training, and product updates to partners.

Compliance & Governance

• Ensure all business activities comply with MAS regulations and internal policies.
• Maintain proper documentation and records of business activities.
• Adhere to company risk management and compliance standards.

Key Requirements

• 8 years of experience in business development, sales or account management.
• Experience in insurance, financial services, wealth management, or banking.
• Proven track record in achieving sales targets and building strong business relationships.
• Relevant industry certifications, including CMFAS Papers - RES5/M9/M9A/HI
• Strong knowledge for life insurance products (e.g., whole life, ILP, IUL)