NTUC Income has launched its Sales Management Associate (SMA) programme, which seeks to recruit up to 1,200 new financial advisors.
The programme targets individuals with little to no financial advisory experience, such as fresh graduates and mid-career job seekers, and introduces them to the insurance industry.
According to Income, SMA is the only programme in the industry that offers integrated career tracks in financial advisory that range from tied advisors, to retail and financial advisors. This, it said, gives participants holistic exposure to the insurance industry and financial advisory before they decide on a career track to pursue.
The 18-month programme has a starting monthly base remuneration of SG$2,900, providing participants with income as they take their exams to obtain relevant licences.
After obtaining their licences, participants will receive on-the-job training at Income’s Retail Financial Service (RFS) branches as well as one-on-one mentorship from Income’s senior managers. The programme also offers “job sampling” to participants, allowing them to gain more understanding in the areas of insurance design, claims, product development, underwriting and more before embarking on a full-time financial advisory career.
“Income believes in creating shared value for the company and the community that we serve,” said Fabian Ng, Income’s general manager for consumer business. “The launch of the SMA programme is extremely timely as it helps to create meaningful job opportunities for Singaporeans in the current economic climate.
“This specially curated programme is the only one that provides three career tracks, remuneration from the day you start which includes attractive bonuses, and not to mention well-rounded learning opportunities, including mentoring, across the different facets of insurance to hone strong financial advisory skills.”