Business Development Manager, Bancassurance

at CIC Africa Life Assurance (U) Ltd
Location Kampala, Uganda
Date Posted May 22, 2025
Category Business Development
Management
Job Type Full-time
Currency UGX

Description

JOB DETAILS:

Job Purpose:

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.

Duty Station: Kampala

Key Responsibilities and Accountabilities:

    • 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 and Experience:

Education:

  • 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
Drop files here browse files ...
WARNING: Do not to pay any money to get a job. Please report fraudulent jobs to info@everjobs.ug