Prudential to Hire Up to 500 More Financial Consultants Next Year, Jobs News & Top Stories



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SINGAPORE – Insurer Prudential Singapore will hire up to 500 financial consultants next year, including around 200 mid-career people selected for a new talent management program.

The recruiting drive comes amid growing awareness of the importance of insurance, the firm said on Wednesday (November 18).

Agency Director John Soong said: “As one of Singapore’s largest insurers, we want to offer support to both mid-career job seekers and young people facing limited job opportunities in this difficult climate.

“We are also expanding the strength of our agency to meet the growing demand for medical and protective solutions, as the pandemic has highlighted the importance of insurance.”

The company is investing $ 1 million in the talent management program, which begins in January, to prepare mid-career job seekers in financial counseling.

The two-year training program will include a one-year competencies and skills course that will cover areas such as technical training, product awareness, leadership development, effective communications, and social media content creation.

Participants will receive a monthly allowance of up to $ 10,000 linked to relevant work experience for the two years.

Mr. Soong said, “For people in the middle of their careers, this is an opportunity for them to reinvent their careers.

“Our program has been designed to help eligible candidates accelerate their insurance careers by equipping them with critical technical and practical knowledge, as well as the necessary soft skills. They will also benefit from mentoring from a team of agency leaders.”

Recent graduates who join the company as financial consultants will also undergo an internal training program that will cover topics such as financial planning, plan building, financial needs analysis, investment planning, and retirement.

They will also receive a monthly transition allowance for the first two years to help them start their career in insurance.

Prudential has also recently hired job seekers who switched from other industries to be financial consultants.

Ms Camelia Soh, 25, joined in June after serving on the Singapore Airlines cabin crew for five years.

“I decided to be a financial consultant, as it gives me the job security I am looking for,” she said.

“In recent months, I have learned a lot about the insurance business from my mentor and through the various training sessions. The knowledge and skills I acquired are really helpful in building my career, and I see myself in this job for long time.”

Also financial consultant Clare Mo, 43, joined in July when the travel agency she had worked for more than 10 years was forced to downsize.

She said: “After my company fired me, I was lost. Should I wait for the tourism industry to recover, switch to teaching or join the civil service?

“In the end, I chose to be a financial consultant, as I could see it as a long-term career, and it is more aligned with my interest in helping people with their retirement planning and protection needs. I also learned to appreciate the importance of financial planning, especially in times of crisis, such as the current Covid-19 pandemic. “

23-year-old Joseph Fu joined Prudential after it had to close its digital marketing agency due to the pandemic.

“Being a financial consultant is like being my own boss again. I set my own goals and decide how to grow my business, while gaining the essential skills that will help me be successful in my long-term career,” he said.



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