Senior Bancassurance Specialist

UL Research; Abu Dhabi; Remote; AED 90,000 - 150,000; Full time

Benefits offered by this job

Remote work

Professional development

Certifications support

Job summary

UL Research seeks a Senior Bancassurance Specialist to lead bancassurance relationships and drive insurance product distribution through banking channels. The role oversees partner coordination, sales performance, product implementation, compliance, and customer service while ensuring UAE banking and insurance regulations are followed.

This is a fully remote, full-time position based in the United Arab Emirates.

Qualifications

• Experience in bancassurance or insurance distribution with banks or financial institutions.
• Strong knowledge of UAE insurance regulations and banking requirements.
• Proven ability to manage partner relationships and report on sales performance.

Responsibilities

• Manage bancassurance relationships with banking partners and insurers.
• Coordinate distribution of insurance products through approved banking channels.
• Develop and implement bancassurance strategies and sales plans.
• Monitor sales performance, premium production, and growth against targets.
• Ensure compliance with UAE insurance and banking regulations and internal policies.
• Support customer onboarding, policy issuance, renewals, and service requests.
• Prepare management reports on sales results and compliance indicators.
• Collaborate with underwriting, claims, operations, and customer service teams.

Skills

Relationship management

Negotiation

Analytical thinking

Cross-functional teamwork

Communication

Education

Bachelor's degree in Finance/Banking/Insurance/Business Administration

Job description

We're Hiring: Senior Bancassurance Specialist

Location: United Arab Emirates (Remote)

Employment Type: Full-Time

Experience Level: Mid-Level to Senior

Work Arrangement: Fully Remote

About Us

We are a construction-focused organization committed to financial stability, responsible business practices, and effective risk management. Our teams across Finance, Commercial, Legal, Procurement, and Management collaborate with external financial institutions and service providers to support sustainable business operations and maintain strong governance standards.

The Role

We are seeking an experienced Senior Bancassurance Specialist to manage bancassurance relationships, support insurance product distribution through banking channels, and strengthen partnerships between banks and insurance providers. The successful candidate will oversee partner coordination, sales performance, product implementation, compliance monitoring, and customer service while ensuring adherence to applicable UAE insurance and banking requirements.

Key Responsibilities

• Manage relationships with banking partners, insurance providers, brokers, and other distribution stakeholders.
• Coordinate the distribution of suitable insurance products through approved banking channels.
• Support the development and implementation of bancassurance strategies, sales plans, and partnership initiatives.
• Monitor sales performance, premium production, conversion rates, and business growth against established targets.
• Collaborate with banking partners to identify customer needs and appropriate insurance product opportunities.
• Coordinate product launches, marketing campaigns, sales materials, and partner training activities.
• Review insurance product documentation, policy terms, eligibility criteria, and distribution procedures.
• Ensure bancassurance activities comply with applicable UAE insurance regulations, banking requirements, and internal policies.
• Monitor sales practices to promote transparency, appropriate disclosures, and fair customer treatment.
• Support customer onboarding, policy issuance, renewals, endorsements, and service-related requests.
• Coordinate with underwriting, claims, operations, and customer service teams to resolve complex cases.
• Analyze market trends, customer preferences, competitor offerings, and partner performance.
• Prepare management reports covering sales results, premium growth, profitability, customer feedback, and compliance indicators.
• Identify operational risks, distribution challenges, and opportunities to improve partner performance.
• Support audits, compliance reviews, and remediation activities involving bancassurance operations.
• Maintain accurate records of partnership agreements, sales activities, product documentation, and performance reviews.
• Build effective working relationships with senior stakeholders across banking, insurance, and business teams.

Qualifications and Experience

• Bachelor's degree in Finance, Banking, Insurance, Business Administration, or a related discipline.
• Relevant experience in bancassurance, insurance distribution, banking partnerships, or financial services.
• Strong understanding of insurance products, banking distribution channels, customer onboarding, and sales processes.
• Familiarity with UAE insurance regulations and applicable banking and consumer protection requirements.
• Experience managing partner relationships, sales performance, and operational reporting.
• Strong communication, negotiation, analytical, and relationship management skills.
• Ability to coordinate cross-functional teams and manage multiple business priorities.
• High standards of professionalism, customer service, and regulatory compliance.

Preferred Certifications

• Chartered Insurance Institute (CII) qualifications.
• Relevant banking, insurance, or financial services certifications.
• Professional qualifications in sales management or relationship management.
• AML/KYC or financial compliance training, where relevant.

Key Performance Indicators (KPIs)

• Achievement of bancassurance sales and premium targets.
• Growth in banking partnerships and insurance product distribution.
• Partner satisfaction and relationship retention.
• Accuracy and timeliness of policy processing and reporting.
• Compliance with applicable regulatory and internal requirements.
• Improvement in customer experience and operational efficiency.

What We Offer

• Competitive compensation based on qualifications and experience.
• Remote working arrangements, subject to operational and partner requirements.
• Professional development and industry certification opportunities.
• A collaborative environment focused on partnership growth and service excellence.
• Opportunities to contribute to bancassurance strategy and business development.