AM/DM Relationship Manager-Bancassurance
EFU Life Assurance Ltd.
Published Date: • Karachi, Pakistan (On-Site)
Description
EFU Life Assurance Ltd. seeks an experienced AM/DM Relationship Manager specializing in Bancassurance to develop and maintain strong partnerships with bancassurance channels. This role focuses on fostering collaboration between the bank and insurance operations through effective relationship management, risk assessment, and product expertise. The ideal candidate possesses deep knowledge of insurance products, regulatory compliance, and financial needs analysis, ensuring the delivery of tailored insurance solutions and maximizing market penetration within the bancassurance segment. Although this position does not involve team management, it requires coordination across internal departments to support cross-functional initiatives and achieve strategic objectives. The Relationship Manager plays a critical role in underwriting and actuarial analysis to align product offerings with market demands and risk profiles. This position demands continuous monitoring of product performance, regulatory awareness, and proactive development of bancassurance strategies. Additionally, the role emphasizes customer relationship management to enhance client satisfaction and retention, working closely with sales, marketing, and claims teams. Effective communication and problem-solving skills are essential for resolving customer inquiries and promoting service excellence throughout the bancassurance channel.
Responsibilities
- Develop and sustain strong relationships with bancassurance partners to facilitate effective distribution of insurance products.
- Conduct detailed risk assessments and perform insurance underwriting in compliance with company policies and regulatory standards.
- Apply actuarial analysis to support the design, pricing, and adjustment of insurance products based on market and risk evaluations.
- Manage customer relationships within the bancassurance channel to enhance client retention and satisfaction.
- Collaborate closely with sales, marketing, and claims teams to deliver seamless insurance solutions and address client needs promptly.
- Monitor and analyze insurance product performance data to generate actionable insights and recommend improvements.
- Assist in formulating and implementing strategies to grow the bancassurance portfolio and increase market share.
- Ensure precise documentation and timely reporting of underwriting and risk assessment activities.
- Stay informed on industry trends, regulatory changes, and competitor products to provide insights for strategic decision-making.
- Support training initiatives that build bancassurance knowledge and skillsets across relevant departments.
- Coordinate with bancassurance partners to efficiently resolve customer inquiries and claims, maintaining high service standards.
- Review and recommend improvements to underwriting guidelines and risk assessment frameworks to enhance business outcomes.
Experience
4 Years
Apply By
Required Skills
- Bancassurance Sales And Business Development
- Bank Branch Relationship Management
- Insurance Product Knowledge
- Insurance Regulatory Compliance And KYC
- Risk Assessment
- Underwriting
- Customer Relationship Management
Nice to Have Skills
- Financial Needs Analysis
- Actuarial Analysis
- Data Analysis
- Strategic Planning
- Training and Development
- Claims Coordination
- Documentation and Reporting