Bancassurance Associate (Edo)

The primary focus of this position is to generate income for the Company by Liaising with the banks; coordinating the existing relationship with Bank’s personnel and Relationship managers whilst providing profitable excellent customer service / relationship management.

Reports to: District Manager

The Objectives are;

• To help increase/drive/improve revenue i.e GPW

• To help increase/drive/grow profit

• To help in channel penetration

• To help in brand visibility

Responsibilities

Act as liaison with the bank

• Working closely with bank personnel to provide policies to the bank’s clientele.

• Managing our promotions and campaigns effectively to ensure market penetration.

Product Marketing

• Working closely with District Managers in the preparation of proposals/ Product papers.

Bancassurance Sales (Financials)

• Achieving the assigned target in terms of revenue.

Customer Retention and Acquisition.

• Sending out and active follow up of Monthly Renewals.

• Soliciting for new businesses.

• Managing 3rd party relationships.

Reporting

• Generation, monitoring and publish monthly (Life and General Business) Global and Retail reports on:

- Production

 - Collection

• Monthly reconciliation to ensure our figures are accurate.

Bancassurance Administrative functions.

• Day to day management of channel’s activities for both Life and General Business activities.

• Market and product research analysis. (Customer product feedback & Competitors intelligence) to know what products we can improve on.

• Prompt response to all mails/requests (Quote, Underwriting, Documents and confirmation of authenticity) within agreed timelines in the SLA.

• Follow up on outstanding premiums and yet to be renewed policies.

• Process all Co – insurance transactions (Payment processing, Claims and Underwriting).

• Liaising with the below department on The Bank’s related issues.

 Underwriting (Life and General Business)

 Claims (Life and General Business)

 Finance (Life and General Business)


• Follow up on outstanding proposals.

• Maintaining strong relationship with the Bancassurance officers

• Any other assigned duty.

• Bachelor’s Degree in economics, business studies or any related field

• A minimum of 1 years’ sales experience.

• Experience in customer service.

• Excellent Marketing and negotiation skills.

• Good Relationship management skills.

• Ability to self-motivate and manage self.

• Good I.T, budget and report writing skills.

• Ability to maintain high Grooming Standards.

• Excellent communication and interpersonal skills.

• Good planning and organisational skills.

• The ability to understand and analyse sales figures

Candidates in Edo State only.