The Ugandan Jobline

Job Title:  Principal Officer – Bancassurance  

Organisation: UGAFODE Microfinance Limited (MDI)

Duty Station: Kampala, Uganda

Ref: HR/STAFF/VAC – 10/12/2024/1

About Organisation:

UGAFODE Microfinance Limited (MDI) is a registered financial institution in Uganda and is adherent to the Central Bank’s regulations and guidelines and was founded in 1994 to provide quality microfinance services.

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
• 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 or any related field
• Possession of 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.
• At least five years working experience in insurance in the areas of underwriting, claims, finance or regulation
• Ability to identify business opportunities from market intelligence
• Ability to analyse business opportunities and make value-adding recommendations
• Logical thinking with creative problem-solving ability
• Keen attention to detail
• Strong networking and relationship management skills
• Good team player and enthusiastic.
• Excellent communication and negotiation skills
• A leader and able to build credibility and trust
• Excellent organizational, planning and time management skills

How to Apply:

If you believe you meet the requirements as stated above, submit an application letter together with an up-to-date CV to our email: recruitment@ugafode.co.ug.  Save the Documents as Your Full Name & indicate the job title you are applying for in the Email Subject Line. Your applications should be addressed to the Head of Human Resources

Deadline: 16th December 2024. 

Note: Ladies are encouraged to apply

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