Senior Manager - Bancassurance

Description

EFU Life Assurance Ltd. is searching for an experienced Senior Manager - Bancassurance to lead and enhance the bancassurance business channel. This key position requires a professional with at least eight years of specialized experience in insurance and bancassurance sales. The Senior Manager will strategically develop and execute comprehensive sales plans, manage a high-performing team, and cultivate strong partnerships with channel stakeholders. The role demands deep expertise in insurance product design, underwriting, and regulatory compliance, along with proven leadership skills to drive results and foster a cooperative work environment. This leader oversees operational workflows and uses data analysis to optimize sales forecasting and channel marketing strategies, ensuring alignment with company objectives and the dynamic financial services market. The Senior Manager guides a team of 15 individuals, focusing on talent development and collaborative goal achievement. They serve as a pivotal connector between internal teams, external partners, and clients, spearheading initiatives to boost business growth, customer satisfaction, and retention. The role also involves continuous market analysis to anticipate trends and risks, enabling well-informed, strategic decision-making. Effective communication, project management, and customer relationship management tools are central to maintaining high performance and supporting bancassurance product launches, sales campaigns, and compliance adherence.

Responsibilities

• Develop and implement strategic sales plans aimed at achieving bancassurance growth targets and expanding the company’s market share.
• Lead, mentor, and manage a team of 15 bancassurance professionals, fostering a collaborative culture and high standards of performance.
• Establish and maintain strong relationships with channel partners to ensure clear communication and alignment with sales objectives.
• Conduct comprehensive market analysis to identify emerging business opportunities, industry trends, and competitive threats within the bancassurance sector.
• Utilize customer relationship management software to monitor sales activities, manage client portfolios, and enhance client retention rates.
• Collaborate with underwriting and product development teams to ensure insurance products meet client needs and remain competitive in the market.
• Analyze sales data and operational workflows to identify areas for process improvement and increase overall channel effectiveness.
• Oversee the accuracy and compliance of policy administration systems, ensuring smooth and compliant policy issuance and servicing.
• Manage sales forecasting and budgeting to optimize resource allocation and align initiatives with corporate business goals.
• Engage diverse stakeholders, including internal departments, channel partners, and clients, to drive integrated bancassurance initiatives and strategies.
• Lead project management activities for new bancassurance product launches and marketing campaigns to drive business expansion.
• Develop and implement client retention strategies that minimize churn and maximize long-term customer value.
• Stay informed on regulatory changes and industry best practices to maintain compliance and competitive advantage in bancassurance operations.
• Communicate regularly with team members, partners, and senior management to report on performance metrics and progress toward strategic goals.
• Coordinate cross-functional teams to improve the customer experience and operational efficiency within the bancassurance channel.

Experience

8 Years

Apply By

Apr 13, 2026

Required Skills

• Channel Partnership Management
• Microsoft Excel
• Salesforce
• Risk Management
• Product Development
• Financial Services Industry Knowledge
• Team Leadership and Development
• Risk Assessment and Mitigation
• Customer Relationship Management
• Bancassurance Strategy Development

Nice to Have Skills

• Data Analysis and Reporting
• Market Analysis
• Regulatory Compliance
• Sales and distribution management
• Channel Sales Management
• Channel Marketing Strategies
• Channel Sales Analytics
• Risk Assessment Methodologies
• Product Knowledge And Design
• Sales Forecasting