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[2024 Summer + H2 Term-time Internship] Life Insurance
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The Central Provident Fund (CPF) Board helps 4 million members save for their retirement, healthcare and housing needs. As the trustee of the nation’s retirement savings, we serve CPF members knowing that we make a difference. At CPF Board, we believe in developing individuals who are inspired to do their life’s best work, through 3Ps: Purposeful Work, Professional Growth, People & Culture.

* Purposeful Work – We're not just your typical pension fund; we're a national social security organization, and we take pride in the difference we make.

* Professional Growth – Embark on a journey of learning and skill development. Even though you're starting with one organization, you're opening doors to a myriad of career opportunities down the road.

* People and Culture – Be part of a mission-oriented organisation with a strong culture of teamwork, collaboration, and innovation. We treasure our people as our most valuable asset, promoting a culture of respect, diversity, and inclusivity. We believe in ensuring that everyone's voice is not just heard but celebrated.

Apply for our internship programme and be a part of #TeamCPF today, to make a difference in the lives of others and in the future of Singapore.

About the Team

Life Insurance Administration

Our Life Insurance Administration team plays a pivotal role in providing basic financial protection to CPF members via the Dependants’ Protection Scheme (DPS) and Home Protection Scheme (HPS). As a Life Insurance Intern, you will have the opportunity to work closely with this dynamic team and contribute to efforts in helping CPF members to protect against the loss of their flats and to have peace of mind.
What you will be working on
What you will be working on

As a Life Insurance Intern, your responsibilities will include:

* Procurement of Private Insurer to Administer DPS: Drafting of procurement contracts, conducting briefing to private insurers, and evaluating insurers’ proposals.

* DPS Insurer’s Experience: Providing oversight of appointed insurer’s administration and service delivery by monitoring service experiences and providing timely feedback.

* Claim Criteria Alignment: Collaborating with appointed DPS insurer to review unique cases and establish guidelines to align claim criteria between DPS and HPS.

* Data Analytics: Performing data analytics on system’s records to identify data errors and putting in place controls to prevent future occurrences. To analyse and describe key concerns held by CPF members using the vibrant array of data from past claims, and formulate long-term strategies to aid CPF members in critical moments of their life journey.

* Data Management: Reviewing and safeguarding accurate data records for analysis purposes.

* Straight-Through Processing: Assisting in transforming the claim processing workflow to enable straight-through processing and shorten service delivery to CPF members.

* Operations Efficiency: Assisting in enhancing operational protocols and establishing clear guidelines for reference.

What you can expect

During your internship with CPF Board, you can expect:

* Learning Opportunities: Gain valuable hands-on experience in the procurement process, data management, and develop skills in data analytics and managing stakeholders.

* Mentorship: Receive guidance and mentorship from experienced Life Insurance Administrators who are passionate about your development.

* Exposure: You will be exposed to the inner workings of the public service sector, external private insurers, and understand the critical role of DPS and HPS in providing basic financial protection to CPF members.

* Networking: Connect with professionals in the insurance field and build your network within the public service sector.
What we are looking for
What we are looking for

We are seeking candidates who meet the following criteria:

* Available Full time (5 days/week)

* Currently pursuing a Bachelor's degree in Business Analytics, Risk Analytics, Insurance or a related field.

* A strong interest in data analytics, improving operations efficiency and a desire to gain experience in procurement processes and insurance processes.

* Excellent verbal and written communication skills.

* Strong attention to detail and the ability to maintain accurate records.

* Collaborative mindset and the ability to work effectively within a team.

* Willingness to adapt and learn in a fast-paced environment.

* Proactive and self-motivated with a desire to take on new challenges.

To learn more about what it's like to work at CPF Board, visit www.cpf.gov.sg/careers.
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JOB SUMMARY
[2024 Summer + H2 Term-time Internship] Life Insurance
Singapore
a month ago
Entry / Junior
Internship / Apprenticeship