Insurance Company Job Vacancy for an Bancassurance Associate

Fosad Consulting Limited - Our Client, a top notch player in the insurance Industry is seeking to hire apt and dynamic candidates who will function as Bancassurance associates in different designations
where they have presence. The associates will be stationed to administer and promote the firms insurance products and offer advisory services to the banks client base.

We are recruiting to fill the position below:

Job Title: Bancassurance Associate

Location: Lagos
Reports to: District Manager

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

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

• Working closely with bank personnel to provide policies to the bank’s clientele.
• Managing our promotions and campaigns effectively to ensure market penetration.

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

• Achieving the assigned target in terms of revenue.

• Sending out and active follow up of Monthly Renewals.
• Soliciting for new businesses.
• Managing 3rd party relationships.

• Generation, monitoring and publish monthly (Life and General Business) Global and Retail reports on:
  • Production
  •  Collection
• Monthly reconciliation to ensure our figures are accurate.

• 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.
• 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
• Experience in customer service.
• Excellent Marketing and negotiation skills.
• Good Relationship management skills.
• Ability to self-motivate and manage self.