Job Title: Principal Officer, Bancassurance
Organisation: I&M Bank Uganda
Duty Station: Kampala, Uganda
About US:
I&M Bank is a leading banking and insurance group in Eastern Africa with a presence in Kenya, Mauritius, Rwanda, Tanzania and Uganda. I&M Bank Uganda is a commercial bank headquartered at Kampala Road plot 6/6A with a growing regional presence. The Bank offers a wide range of commercial banking and financial products and services, and prides itself on introducing innovative products and services based on the needs of its customers.
Job Summary: The Principal Officer, Bancassurance will lead all aspects of the Bancassurance Business including but not limited to Business Growth, Revenue Assurance; Management of underwriter relationships, Operations, Service; Trainings and ensuring Profitability in line with the Bank’s aspirations.
Key Duties and Responsibilities:
- Develop, execute, and monitor progress of the bancassurance strategy with possible reviews from time to time
- Spearhead product development and innovation of bancassurance products in line with market expectations
- Drive the sale of bancassurance products across all bank segments
- Grow revenues from the bancassurance business
- Manage relations with partner insurance companies and other stakeholders
- Represent the Bank at bancassurance conferences, business meetings and industry events
- Drive the compliance agenda whilst executing bancassurance duties in line with the Insurance (Bancassurance) Regulations, 2017
- Prepare and submit to the Insurance Regulatory Authority and the Bank’s management, monthly and annual reports on the performance of the bancassurance business
- Render the necessary assistance to the policyholders or claimants or beneficiaries in complying with the requirements for settlement of claims by the insurer
- Follow up and respond to any client complaints and enquiries or claims lodged.
Qualifications, Skills and Experience:
- The applicant must hold a Bachelor’s degree in business and a diploma in insurance from the Chartered Insurance Institute of the United Kingdom or a similar institute. Marketing and Sales qualifications would be an advantage.
- A minimum of four years of working experience in insurance in the areas of business development, underwriting, claims, finance or regulation.
- Ability to identify business opportunities from market intelligence
- Ability to analyze business opportunities and make value-adding recommendations
- Logical thinking with creative problem-solving ability
- Attention to detail
- Good communication and negotiation skills
- A leader and able to build credibility and trust
- Excellent organizational, planning and time management skills
- Strong networking and relationship management skills
- A team player and enthusiastic.
How to Apply:
All candidates should apply online at the link below.
Deadline: 15th February 2022
NB: Only shortlisted candidates will be contacted.
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