Principal Officer - Bancassurance job at DFCU Bank | Apply Now

Bachelor’s degree in a business-related field; Insurance or Actuarial degree is an added advantage

Certificate of proficiency in insurance and/ or other insurance qualification

Diploma in Insurance Management and/or other insurance qualifications

Member of a professional insurance body i.e. Associate of the Chartered Insurance Institute or a similar institute

Minimum of 10 years experience in sales management of both life and general insurance with at least 5 years experience in a senior management or supervisory role in the financial sector – Banking and/or Insurance.

At least five years’ experience in the areas of insurance underwriting, claims, finance and regulation

Proven track record of increasing the profitability of a product portfolio via the development of compelling customer value propositions and well-informed decision-making on marketing strategy

High-level ability to see products through the customer’s eyes, intuitively grasping their wishes and frustrations and translating these into attractive, practical, solutions.

Good understanding of digital solutions and emerging technology/trends in the banking sector.

In-depth understanding of product portfolio development and product life-cycle management; able to translate this into actionable and innovative strategies.

Excellent ability to interpret product performance data and market research information; ability to run business models and make well-informed recommendations

Product knowledge – Proficient understanding of the general and life insurance products offered in the market, the region and across the globe

Industry knowledge – Accepted and embedded in the industry within customer, regulatory, supplier, distributor, government, and space through multiple levels of engagement through industry bodies, and forums. In tune with the developments within the banking industry and Bancassurance and is positioned to influence the same for the benefit of dfcu

Sales Capability – Position dfcu as the preeminent provider of Bancassurance solutions within the bank’s chosen segments and sectors. Support the closure of sales for complex propositions.

Customer Engagement – Ability to anticipate customers’ needs and devise innovative ways to address them. Makes informed decisions, solves problems and/or generates new ideas/solutions

Business Acumen – Demonstrates business foresight along with the ability to integrate diverse perspectives. Exercising judgment around opportunities represents the most potential for innovation and return for the institution and its stakeholders.

Financial Acumen- Ability to analyze and interpret financial data to make appropriate business suggestions and decisions. Understand the connection between operations and financial performance.

Leadership – Delivers results and has a significant impact on an organization through team management. Strong leadership skills, flexibility, assertiveness and result-driven.

Negotiation Skills – The ability to gain agreement and attain a middle-ground solution when discussing with others

Decisive and Initiator – Takes responsibility for actions, projects and people. Able to take initiative and work under own direction. Initiates and generates activity and introduces changes into work processes and can make quick, clear decisions, which may include tough choices or considered risks

Quality Orientation – Shows awareness of goals and quality standards. Follows through to ensure that quality and productivity standards are met

Personal Ethics- Must be honest, fair and just with self and others, and demonstrate integrity in work and business contacts