MAIN PURPOSE OF THE JOB:

Responsible for Bancassurance product sales through lead generation, prospecting, sales conversion, cross-selling, and retention of existing insurance sales.

DUTIES AND RESPONSIBILITIES

• To promote and sell insurance products in the branch by identifying customer needs and driving revenue growth through effective sales strategies.
• Actively participate in insurance sales activation programs marketing campaigns, roadshows, and customer awareness events organised by branch management and insurers in conjunction with the Manager Bancassurance.
• Assess customer financial and protection needs, recommend suitable insurance products based on client profiles, and explain policy benefits, terms, and conditions clearly to clients.
• Ensure timely policies renewals and premium collection.
• Identify and report any potential risks or issues related to insurance sales and customer interactions.
• Monitor the branch Insurance portfolio, to manage attrition and receivables, documentation, and policy anniversaries.
• cross-sell insurance products with bank products to generate additional business for the bank.
• Conduct presentations and sales meetings with customers to explain insurance products and benefits
• Follow up with potential and existing customers to ensure customer satisfaction and retention.
• Train and support branch staff on Bancassurance products, sales techniques, and compliance requirements.
• Generate regular sales reports and performance metrics for management Explaining banking and insurance products and processes to customers.
• Build customer relationships by providing after-sales services.
• Comply with bancassurance regulations, AML/CFT/CPF policies and procedures, non -compliance of which shall be addressed as per the bank disciplinary processes.
• Any other duty as shall be assigned to you from time to time.

PERSON SPECIFICATIONS

Qualifications

• A Bachelor’s degree in Finance, Commerce, Business Administration, Economics, Statistics, Management, or any relevant field.
• Relevant insurance qualifications ie CIU, DIU etc

Experience

• Experience in sales, preferably in Bancassurance or financial services, is an added advantage
• Knowledge of the financial services industry, specifically insurance and Commercial banking.
• Knowledge of both life insurance and general insurance

Behavioural competencies

• Effective oral and written communication skills.
• Effective negotiation and execution skills.
• High ethical standards and integrity.
• Client-focused with a proactive and results-oriented mindset.
• Ability to work in a fast-paced and dynamic environment.
• Proficiency in English Language and any other local language, preferably Luganda.

• To promote and sell insurance products in the branch by identifying customer needs and driving revenue growth through effective sales strategies.
• Actively participate in insurance sales activation programs marketing campaigns, roadshows, and customer awareness events organised by branch management and insurers in conjunction with the Manager Bancassurance.
• Assess customer financial and protection needs, recommend suitable insurance products based on client profiles, and explain policy benefits, terms, and conditions clearly to clients.
• Ensure timely policies renewals and premium collection.
• Identify and report any potential risks or issues related to insurance sales and customer interactions.
• Monitor the branch Insurance portfolio, to manage attrition and receivables, documentation, and policy anniversaries.
• cross-sell insurance products with bank products to generate additional business for the bank.
• Conduct presentations and sales meetings with customers to explain insurance products and benefits
• Follow up with potential and existing customers to ensure customer satisfaction and retention.
• Train and support branch staff on Bancassurance products, sales techniques, and compliance requirements.
• Generate regular sales reports and performance metrics for management Explaining banking and insurance products and processes to customers.
• Build customer relationships by providing after-sales services.
• Comply with bancassurance regulations, AML/CFT/CPF policies and procedures, non -compliance of which shall be addressed as per the bank disciplinary processes.
• Any other duty as shall be assigned to you from time to time.

• Effective oral and written communication skills.
• Effective negotiation and execution skills.
• High ethical standards and integrity.
• Client-focused with a proactive and results-oriented mindset.
• Ability to work in a fast-paced and dynamic environment.
• Proficiency in English Language and any other local language, preferably Luganda.

• A Bachelor’s degree in Finance, Commerce, Business Administration, Economics, Statistics, Management, or any relevant field.
• Relevant insurance qualifications ie CIU, DIU etc