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| KCB Bank |
Insurance Premium Financing (IPF) Sales Manager job Post
Location: Jobs in Uganda 2021 - 2022
Work Hours: Full-time, 08 hours per day
Salary:
UGX
No. of vacancies: 01
Deadline: 08 March 2022
Hiring Organization: KCB Bank
Job Details:
Insurance Premium Financing (IPF) Sales Manager
Job Purpose:
To grow the Insurance Premium Financing product and improve the Bank’s market share in IPF, to meet the budgeted annual revenue targets.
To support the growth of Asset Based Financing (ABF) book through effective cross selling by liaising with SME Relationship Managers, Credit Administrator and Legal department in ensuring that all ABFs insurance (new and renewals) is arranged on time and through the Bank’s Bancassurance partners.
Key Responsibilities:
• Grow the IPF Portfolio by nurturing relationships between customers, insurance companies, brokers, agents, and the Bank.
• Grow Commission Revenue for Bancassurance products by signing up new customers
• Drive IPF Revenue growth per agreed budget through managing the relationship between the insurance company and the Bank.
• Prepare credit applications for IPF in conformity with Credit Policy guidelines and requirements, and proper documentation.
• Coordinate all IPF and operations associated with IPF portfolio with the intention of monitoring acceptable credit risk and maximizing the Bank’s return.
• Actively participate in insurance and IPF Sales Activation programs organized by the Bank and Insurers in conjunction with Bancassurance.
• Ensuring that ABFs’ Insurance is paid on time and where IPF is required, the same is arranged in good time.
• Ensure all client documentation, queries and complaints are forwarded to the relevant offices within the stipulated time for processing.
• Monitor insurance approved limits for all insurance companies to ensure their operations are always within the approved limits.
• Take remedial action by pursuing customers and insurance companies on regularization of IPF facilities due.
• Prepare relevant performance reports (weekly, monthly, quarterly, & annual) to the Bancassurance Manager for conversions, calls, and customer visits.
• Carry out Audit checks to eliminate any anomalies.
• Upload ABF insurance policies in Credit Quest system.
• Work closely with Business teams in a bid to acquire business from target segments.
• Manage customer relationships to ensure retention and no regrettable loss to competition.
• Ensure timely drawdowns and premium payment to insurance companies.
• Oversee the relationship management of insurance companies and brokers through maintenance of an effective call program.
• Attend expeditiously to queries/routine correspondence generally emanating from clients, insurers, brokers, credit administration, risk control, and branches.
• Create awareness of the IPF offering within the bank through roadshows and training across all teams to create confidence amongst the teams to use and sell the product.
• Render the necessary assistance to the policy holders or claimants or beneficiaries in complying with the requirements for settlement of claims by the insurers.
• Provide an interface between the Bank, existing and prospective insurance and IPF customers, Insurance companies and brokers to maintain good customer relationships, to meet customer needs with the strategic objective of the bank
Skills And Experience:
• A Bachelor’s degree in any business-related field.
• A Certificate in Insurance CIU, a Diploma in Insurance is an added advantage.
• A minimum of 2 years in IPF business.
• A minimum of 2 years in Asset Based Financing, with Banking Sales as an added advantage.
• Proficiency in Computer and MS Office applications is a must.
If your career ambitions match the requirements of this exciting career opportunity, please visit our website https://ug.kcbgroup.com/about/careers and use the link below to log in to our Recruitment portal to submit your application with a detailed CV. Your cover letter should explain what you believe you can offer KCB Bank Uganda. Only shortlisted candidates will be contacted.
To be considered, your application must be received by March, 8th, 2022.
Application procedure
Click here to Apply Now
Date Posted: 2022-02-25
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