Bancassurance Associates Jobs in an Insurance Company in Nigeria

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.
associates will be stationed to administer insurance products and offer
advisory services to the banks client base.

Job Title:  Bancassurance Associates
Locations: Illorin, Oshogbo, Warri, Jos, Lagos
Job Description

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

Core 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.

• 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.
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  • Bachelor’s Degree in economics, business studies or any related field
  • A minimum of 1 years’ sales experience.
  • Ability to maintain high Grooming Standards.
  • Good I.T, budget and report writing skills.
  • Excellent communication and interpersonal skills.
  • Good planning and organizational 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.
Additional Information

All your information will be kept confidential according to EEO guidelines.

How to Apply
Interested and qualified candidates should Click Here to Apply

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