Bancassurance Officer, Ibadan

Company Description

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

Job Description

Act as liaison with the bank

• Attending insurance related meetings with Bank staff.

• Working closely with our branches and agents to provide policies to the bank’s clientele.

• Managing our promotions and campaigns.

• Attending monthly reconciliation meetings with Bank team.

Product Marketing

• Preparation of proposals/Product papers.

• Achieving the assigned target in terms of revenue.

Customer Retention and Acquisition

• Sending out and 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 and Collection

• Monthly reconciliation to ensure our figures is accurate.

Bancassurance Administrative functions

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

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

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

• Prepare Admin Fee and follow up to ensure timely remittance to The Bank.

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

• Review and act on all documents going to and from the Bank IBTC.

• Process all Co – insurance transactions 

• 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

• Providing support to the Team lead within the team on all pre and post sales and administrative activities.

• Any other assigned duty.

• Manage the staff promo process and supervise the auto run process.

Qualifications

• Bachelor’s Degree in economics, business studies or any related field
• A minimum of 2 years’ sales experience in the financial sector.

• Ability to maintain high grooming standards.
• 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.
• Excellent communication and interpersonal skills.
• Good planning and organizational skills.
• The ability to understand and analyse sales figures.

Additional Information