Job Title: Business Development Manager, Bancassurance
Organisation: CIC Africa Life Assurance (U) LTD
Duty Station: Kampala, Uganda
About the Company:
CIC General Insurance Uganda Limited is a subsidiary company of CIC Insurance Group from Nairobi, Kenya that is owned 75% by co-operatives and 25% by individual shareholders. CIC General Insurance (U) is a joint venture of CIC Kenya and the Co-operative movement in Uganda. The company is fully incorporated and licensed to transact General Insurance business. In addition to the General policies available for institutions, corporate, individual and all categories of entities, the Company serves all Co-operative Societies in Uganda along the Co-operative Model.
Job Summary: To grow insurance revenue and achieve annual budget targets by developing assigned markets and channels, primarily focusing on the banking and microfinance institutions segment as a key source of profitable business. The role requires building and maintaining strong relationships and partnerships that drive sustainable business growth.
Key Duties and Responsibilities:
- Build strong, strategic partnerships and relationships within banks and microfinance institutions.
- Support various intermediaries in revenue generation activities within the banking channel.
- Plan, coordinate, and conduct consumer education sessions and internal staff training within the banks.
- Drive acquisition of profitable business (both new and renewal) to meet set targets.
- Identify and recommend tailored insurance solutions to meet the needs of bank clients.
- Champion the delivery of excellent customer service across all partner banks.
- Ensure timely invoicing and collection of premiums from bank-related business.
- Coordinate with internal support departments to resolve client queries and complaints promptly.
- Conduct regular market intelligence gathering and provide reports on industry trends, competitor activity, and product positioning.
- Prepare and deliver quotations, proposals, and tender documentation in a timely and professional manner.
- Recruit, train, motivate, and retain teams for continuous business growth.
- Coach, mentor, and conduct performance appraisals for team members under supervision.
- Actively participate in departmental planning and budgeting processes.
- Represent the company in meetings, committees, and industry forums as required.
- Promote and enhance the CIC brand image in the banking and financial services segment.
- Develop and maintain strong working relationships with intermediaries and other key stakeholders.
- Perform any other duties assigned by management in line with the role.
Qualifications, Skills and Experience:
- Bachelor’s Degree from a recognized institution
- A master’s Degree in a business-related field is an added advantage.
Professional Qualifications:
- Diploma in Insurance
- Relevant professional certifications such as ACII, ACIM, or MCIM is an added advantage.
Key Competencies:
- Strong business development and negotiation skills
- Excellent interpersonal and relationship management skills
- Strategic thinking and planning ability
- Strong customer focus and problem-solving ability
- Effective communication and presentation skills
- Knowledge of bancassurance models and financial institutions’ operations
- Ability to work under pressure and meet strict deadlines
How to Apply:
Submit your application, CV, and copies of your professional and academic certificates as a single document to [email protected]
Deadline: 31st May 2025.
NB: Please note that only shortlisted candidates will be contacted.
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