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 DescriptionAct 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• HND/BSc in Banking & Finance, Economics or any social science related field
• 2 years work experience
• Candidates must have experience in customer service
Top Skills
What We Do
Fosad Consulting is an independent cross-industry HR and Engineering consulting firm. We partner with international and local companies seeking to accelerate the growth of their businesses by providing solutions that drive their businesses to succeed. Our solutions cater to multiple industries, including the oil and gas, financial services, telecommunications, transport, hospitality, healthcare and retail; and our projects are supported by professionals who have proven that they have what it takes to deliver against the odds to delight our clients.
For over 20 years we have provided hands-on solutions to a number of global brands, hence we understand how they work, their expectations, as well as the need to constantly provide services that are top-notch and meet the required global standards.
We are a leading provider of specialist Outsourcing solutions that extend to HR Services, Engineering, Expatriate Management protocols, Procurement, Learning & development interventions, Oil & Gas, and a host of services to some of the world’s most interesting brands.
We are proud members of the Nigerian American Chamber of Commerce – a foremost organisation that seeks to bridge the gap between Nigerian businesses and their counterparts in the United States. We are also registered members of the Networking with the United States of America (NUSA) program; under the auspices of the US Commercial Service initiative in Nigeria.
Part of our commitment to customer service means giving our clients honest, straightforward and, sometimes, even difficult advice. At Fosad we know you can’t afford to get it wrong and that’s why we do everything to make sure you get it right.
