The Role
The role involves generating bancassurance income, achieving sales targets, providing insurance solutions, and supporting client relationships while ensuring compliance.
Summary Generated by Built In
Sales & Business Development
- This role required to work closely with the Relationship Manager/ Team Head/ Regional Head as well as insurance provider to generate Bancassurance fee-based income to the division
- Responsible for achieving assigned bancassurance target and maximize cross selling and upselling opportunity for assigned SME & Business Banking portfolio
- Jointly develop with the Relationship Manager/ Team Head/ Regional Head to implement effective sales strategies and action plan to promote insurance solutions and achieved the targeted fee-based income set
- Onboard new business in collaboration with relevant internal sales team and life insurance providers. Monitor the business performance and take proactive corrective action where necessary to promote growth while maintaining profitability
Customer Relationship Management
- Joint sales with Relationship Manager/ Team Head/ Regional Head in recommending holistic and suitable business insurance solutions that meet client needs via thorough needs assessment and recommendations to borrowing & non borrowing customers
- Work closely with internal teams & insurance provider to facilitate seamless client experience from proposal to post servicing for Life Insurance
Training & Support
- Subject matter experts to coach, guide and support the Relationship Manager/ Team Head/ Regional Head to grow the Bancassurance business
Market Analysis & reporting
- Support & perform market intelligence on competitor analysis to provide insight and input to respective internal and/or insurance providers team to develop competitive enabler/ products/ process enhancement that suits SME & Business Banking channel.
Reporting management (Submission, production and penders)
- End to end sales tracking, submission and follow up on all sales related activities/ matter (Ie: Sales performance report/ Customer enquiry/ Sales Submission/ Pender listing/ Customer Claim and etc) within stipulated timeframe
Compliance & Risk Management
- Maintains high compliance and sales discipline benchmark in accordance with Bank’s and regulatory guidelines
- Willing and take on additional tasks and/or projects when assigned from time to time
JOB REQUIREMENTS
- Candidate must possess at least a bachelor’s degree, Post Graduate Diploma/ Professional Degree in Business studies or equivalent
- At least 3 to 5 years of relevant financial sales experience, preferably banking & insurance related
- Possess relevant insurance license (Ie: PCEIA Life, Family Takaful & CEILLI & TBE)
- Strong analytical and interpersonal skills
- Excellent communication skills
- Willing to travel, result oriented, dynamics and self-driven
- Proficiency to converse well in Bahasa & English. Able to converse in Chinese and/or dialect will be added advantage
Skills Required
- Bachelor's degree in Business studies or equivalent
- 3 to 5 years of relevant financial sales experience
- Relevant insurance license (PCEIA Life, Family Takaful & CEILLI & TBE)
- Strong analytical and interpersonal skills
- Excellent communication skills
- Willing to travel
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The Company
What We Do
CIMB Group is a leading ASEAN universal bank, one of the largest Asian investment banks and one of the world's largest Islamic banks. We are headquartered in Kuala Lumpur, Malaysia and offer consumer banking, commercial banking, wholesale banking, Islamic banking, and asset management products and services. As the fifth largest banking group in ASEAN, we have over 36,000 staff in 16 locations across ASEAN, Asia and beyond. CIMB Bank and CIMB Islamic Bank are members of PIDM.
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