The Bancassurance Specialist is responsible for achieving revenue and client acquisition targets, providing client advisory on insurance products, maintaining client relationships, and collaborating with internal partners to enhance cross-selling opportunities.
Job Description
Primary Objective:
- To achieve revenue target and new client acquisition targets for Universal Life and Insurance.
- To monitor clients’ policy summary and recommend diversification to meet clients’ financial needs
- To provide innovative product solutions to address customers' retirement planning, savings and financial protection needs and be a key person for long term sustainability
- To strengthen long-term relationships with our customers by providing excellent customer service
Key Responsibilities:
Client Acquisition
- Secure joint appointment with RMs and increase conversion rate of Universal Life and Insurance products to achieve revenue and new client acquisition targets.
- Acquire new retail clients through developing professional relationships
- Maintain sales standards and robust advisory of Universal Life and Insurance products, in accordance to SLA agreement with business partner.
Client Servicing
- Perform client needs analysis
- Provide clients with advisory on Universal Life and Insurance products towards holistic portfolio management
- Establish an advisory process which RMs can tap on while they are on the go, to facilitate their sales call with clients.
- Conduct joint appointment and visitation with RHB clients
- Perform ongoing servicing of client accounts and identify any potential opportunities with extending banking services.
Working with Internal Partners
- Deepen relationship with partners for wider support and marketing fund to achieve departmental goals.
- Work closely with Insurance partners and Commercial banking to deepen cross-sell ratio and cross unit collaboration
- Train and coach sales staff to ensure high level of competency & productivity in insurance.
Qualifications
Requirements:
- Bachelor Degree in Banking/Business Administration/Economics with CMFAS Certification
- Minimum 5 years of relevant experience in retail banking preferably with experience in advisory or specialist role
- Sound knowledge of Insurance products & services, entrench in customers’ need based approach
- Excellent communication and interpersonal skills
- Highly motivated and a good team player
Top Skills
Cmfas Certification
Similar Jobs
Fintech • Payments • Financial Services
As a Bancassurance Sales Specialist, you will develop relationships with clients, promote insurance products, achieve sales targets, and ensure compliance with regulations while providing expert consultation.
Fintech • Software • Financial Services
The Bancassurance Specialist will achieve revenue and client acquisition targets by advising on Universal Life and Insurance products, maintaining client relationships, and collaborating with internal partners for enhanced service delivery.
Top Skills:
Banking ProductsInsuranceUniversal Life
Financial Services
As a Credit Sales Analyst, you will develop investor relationships, collaborate with teams for client coverage, and ensure compliance with regulations.
Top Skills:
EconomicsFinance
What you need to know about the Singapore Tech Scene
The digital revolution has driven a constant demand for tech professionals across industries like software development, data analytics and cybersecurity. In Singapore, one of the largest cities in Southeast Asia, the demand for tech talent is so high that the government continues to invest millions into programs designed to develop a talent pipeline directly from universities while also scaling efforts in pre-employment training and mid-career upskilling to expand and elevate its workforce.
