Our Client, a top notch player in the insurance Industry, is seeking to hire apt and dynamic candidates who will function as Bancassurance Associates. The associates will be stationed to administer and promote the firms insurance products and offer advisory services to the banks' customers
Job DescriptionThe primary focus of this position is to generate income for the Company by Liaising with banks; coordinating the existing relationship with Bank’s personnel and Relationship managers whilst providing profitable excellent customer service / relationship management.
Reports to: District Manager
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.
Reporting
• Generation, monitoring and publish monthly (Life and General Business) Global and Retail reports on:
- Production
- Collection
• Monthly reconciliation to ensure 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.
- Bachelor’s Degree
- A minimum of 1-year sales experience
- Strong communication skills
- Selling skills and relationship management skills
- Strong commitment for sales success.
Only qualified candidates will be contacted.
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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.
