Job Opportunities at Stanbic IBTC Insurance Limited


Job Overview

Location
Port Harcourt, Rivers
Job Type
Full Time
Date Posted
2 months ago

Additional Details

Job ID
139

Job Description

Job Title: Business Development Officer

Job ID: 55290
Location: Port Harcourt, Rivers
Job Sector: Banking

Technical Competencies

  • Insurance Technical Competencies
  • Effective Business Communication
  • Presentation Skills
  • Compliance-Know-Your-Customer
  • Brand Management
  • Customer Understanding.

Interested and qualified candidates should:

Click here to apply

 

Job Title: Business Development Officer

Job ID: 55291
Location: Ibadan, Oyo
Job Sector: Banking

Technical Competencies

  • Insurance Technical Competencies
  • Effective Business Communication
  • Presentation Skills
  • Compliance-Know-Your-Customer
  • Brand Management
  • Customer Understanding

Interested and qualified candidates should: 

Click here to apply

 

Job Title: Regional Head Corporate

Job ID: 55286
Location: Abuja
Job Sector: Insurance

Job Details

  • Test Division Summary

Job Purpose

  • To grow and develop insurance premium in order to deliver profitable revenue streams to the Business and Group.
  • The Job holder will manage Corporates, including Insurance Brokers as channels in business development.
  • Creation of sales strategy/ies that will enhance the Group’s vision to be the leading end to end financial solutions provider.
  • This will include cross sell to customers of the Group, potential customers from outside the Group and developing new market frontiers.
  • Develop sales channel strategy covering brokers, institutions , bancassurance channels etc

Key Responsibilities / Accountabilities

  • Delivers on sale of insurance policies and premium income through focus channels for Stanbic IBTC Insurance Limited.
  • Customer retention
  • Has a thorough understanding of the strategic business drivers, opportunities, challenges, needs, competition and threats inherent in the insurance environment
  • Has a good understanding of both traditional and non-traditional competitors, their drivers, products, strengths, vulnerabilities, market share/client base and the impact that these factors have Customer Value Proposition
  • Continuously monitor the market trends in the insurance industry, including regulatory and legal framework, with a view to assessing the possible impact on the insurance industry.
  • Support insurance knowledge and awareness within the Company and through various designated channels of Sales.
  • Ensure to close the loop with customers at all times. E.g. taking enquiries, ensuring prompt delivery of policy documents, proper awareness communication plan to support their decision making etc.
  • Assess customers risks through profiling of customer segments and understanding of their business
  • Review periodically the insurance portfolio and liaise with technical to make recommendations. This could result in the development of new products or enhancement of existing ones.
  • Maintain relationship with internal stakeholders within CIB, PBB and Wealth.
  • Maintain and improve relationship with external stakeholders which include NAICOM, insurance companies, brokers, direct Corporate clients/partners etc
  • Ensure no regulatory breach is recorded against the team in conduct and in doing business.
  • Analyse the performance results of competitors to bench mark the company.
  • Supervise sales team members in ensuring:
  • Individual member development
  • Cohesive Team development
  • Fostering the organisational culture.

Preferred Qualification and Experience

  • First Degree in any discipline
  • Professional Qualification in Insurance will be an advantage
  • An MBA will also be an advantage
  • Wealth Management
  • Insurance 7-10 years
  • In-depth knowledge of products, client management, managerial experience

Knowledge/Technical Skills/Expertise:

  • Ability to grasp business models within the Insurance space pertaining to utility of various products in order to deliver on the overall strategy of the business.
  • Ability to identify and dimension business risks as opportunities and engage clients to provide novel products and solutions within the overall sales and revenue strategy
  • Ability to use initiative within limits of authority, investigate to obtain additional information or deal with ambiguity and present opportunities to more senior stakeholders as appropriate
  • Insurance Principles : Understanding of the basic principles of insurance including good faith, insurable interest, indemnity, contribution, subrogation and proximate cause
  • Ability/flexibility to negotiate re-evaluation with superiors in line with changing business needs
  • Ability to identify potential problems and opportunities and pro-actively proffer solutions through the Stanbic IBTC Insurance offering in collaboration with other underlying asset and liability products

Interested and qualified candidates should:

Click here to apply

 

Job Title: Business Development Officer

Job ID: 55289
Location: Abuja
Job Sector: Banking

Job Details

  • Test Division Summary

Job Purpose

  • To grow and develop insurance premium in order to deliver profitable revenue streams to the Business and Group.
  • The Job holder will prospect and manage Corporates, including Insurance Brokers as channels in business development.
  • Providing tactical input into Unit strategy/ies that will enhance the Group’s vision to be the leading end to end financial solutions provider.
  • This will include cross sell to customers of the Group, potential customers from outside the Group and developing new market frontiers.

Key Responsibilities/Accountabilities

  • Delivers on sale of insurance policies and premium income target through focus channels (Insurance Brokerage, Direct Sales & Marketing, etc) for Stanbic IBTC Insurance Limited across all product lines
  • Customer retention
  • Research and source potential clients and build long-term relationships with them by creating rapport through networking, cold calling and using referrals
  • Consultatively engage prospective clients to engage in a phone conversation and/or meeting to discuss insurance products
  • Collect information from clients on their risk profiles in order to offer them the proper solution
  • Has a thorough understanding of the strategic business drivers, opportunities, challenges, needs, competition and threats inherent in the insurance environment
  • Has a good knowledge and understanding of the peculiarities (renewal dates etc) of corporate institutions for the purpose of strategic engagements.
  • Has a good understanding of both traditional and non-traditional competitors, their drivers, products, strengths, vulnerabilities, market share/client base and the impact that these factors have Customer Value Proposition
  • Continuously monitor the market trends in the insurance industry, including regulatory and legal framework, with a view to assessing the possible impact on the insurance industry.
  • Assess customers risks through profiling of customer segments and understanding of their business
  • Ensure to close the loop with customers at all times. E.g. taking enquiries, ensuring prompt delivery of policy documents, proper awareness communication plan to support their decision making etc.
  • Conduct financial planning sessions with members of staff of corporate clients in conjunction with their respective brokers where applicable
  • Ensure simplicity in dealing all clients issues and inquiries
  • Build and enhance the trust of clients and brokers to foster referrals and repeat businesses.
  • Review periodically the insurance portfolio and liaise with technical to make recommendations. This could result in the development of new products or enhancement of existing ones.
  • Maintain relationship with internal stakeholders within CIB, PBB and Wealth.
  • Maintain and improve relationship with external customers which include insurance companies, brokers, direct Corporate clients/partners etc
  • Ensure strict adherence to regulatory requirements and ensuring no regulatory breach is recorded against the team in conduct and in doing business.

Preferred Qualification and Experience

  • First Degree in any discipline
  • Professional Qualification in Insurance will be an advantage
  • Wealth Management
  • In-depth knowledge of products and client management
  • In-depth knowledge of insurance products and market
  • Have relationships in the Insurance Industry
  • Broker/Bancassurance Management

Knowledge/Technical Skills/Expertise:
Technical Competencies:

  • Insurance Technical Competencies
  • Effective Business Communication
  • Presentation Skills
  • Compliance-Know-Your-Customer
  • Brand Management
  • Customer Understanding

Interested and qualified candidates should:

Click here to apply

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