Job Summary:

The purpose for this role is to have a dedicated resource with the appropriate skills and knowledge to support the Bancassurance business in delivery of its sales and business development strategy.

KEY RESPONSIBILITIES

• Following up on outstanding premiums and yet to be renewed policies.
• Compiling monthly Credit Life reports and to be sent to the Insurers.
• Issuing Policies after receiving the right information.
• Preparing of various reports of Banc Assurance unit.
• Grow and process Insurance Premium Financing business
• Reconciliation of Banc Assurance Accounts
• Responsible for retention of business and support of the Bank’s sales teams and relationship managers to grow business.
• Ensure continuous engagement with the retail network (the bank) dealing with their sales issues and embedding of insurance across the branches.
• Identify product needs and generate new revenues and develop solutions in liaison with various insurer partners or underwriters to meet current and future need of the business and the customers.
• Initiate partnership with insurance companies and other stakeholders for joint projects and other business relationships
• Ensure all regulatory requirements are met

DAILY RESPONSIBILITIES

• Daily tracking, management of the Insurance Premium Financing book.
• Ensure all regulatory requirements are met by ensuring compliance to the insurance act, regulations and other guidelines
• Recording of policies to keep track with legal and credit departments.

Requirements:

• Bachelor degree in Insurance or its equivalent from any recognized institution
• Professional Qualifications: Sales background is an added advantage
• Banking experience added advantage