Business Development Executive (Retail Bancassurance)

RHB Insurance Berhad; Malaysia; On-site; MYR 42,000 - 68,000; Full time

Job summary

RHB Insurance Berhad is seeking a Business Development Executive (Retail Bancassurance) to drive growth, manage agency and group portfolios, and work with underwriters to expand market share in Malaysia.

You will lead recruitment programs, enhance agent relationships, and ensure regulatory compliance while targeting profitability and strong sales performance.

Qualifications

• Degree or professional qualification from an institution recognized by the Government of Malaysia.
• Knowledge and/or experience in the insurance industry is encouraged.
• Strong analytical skills with good knowledge of insurance products and market practices.
• Proven ability to achieve profitability and sales targets.
• Good interpersonal and communication skills.
• Good contact network and relationship-building capabilities.
• Self-motivated, proactive, and able to work independently.
• Fresh graduates with strong interest in business development and the insurance industry are welcome to apply.

Responsibilities

• Support the Branch Manager in formulating and implementing marketing strategies to maximize business potential through the Agency channel.
• Manage and grow agency, RHB Group, and direct business portfolios to improve productivity and profitability.
• Collaborate with underwriters on the acceptance of new risks within the approved authority limits set by Head Office.
• Drive Agency Recruitment Programmes to strengthen and expand the agency force.
• Organize relationship enhancement activities to maintain strong engagement with agents and business partners.
• Conduct agency portfolio segmentation and identify opportunities for business growth.
• Review and monitor product portfolios to ensure competitiveness and market relevance.
• Identify market opportunities and develop structured marketing strategies to expand market share.
• Coordinate surveys and risk management programmes for Banca Retail clients.
• Monitor compliance with Credit Control policies, regulatory requirements, and Company guidelines.
• Ensure all business activities are conducted in accordance with regulatory guidelines and Company policies.

Skills

Analytical skills

Communication

Sales mindset

Independent worker

Education

Degree or professional qualification

Job description

About the Role

We are looking for a motivated Business Development Executive (Retail Bancassurance) to join our team at RHB Insurance Berhad (HQ). In this role, you’ll support business growth and profitability through effective management of agency, RHB Group, and direct business portfolios. You will also play a key role in expanding market share, strengthening agency networks, and driving strategic marketing initiatives to achieve business targets.

What you will be doing

Support the Branch Manager in formulating and implementing marketing strategies to maximize business potential through the Agency channel.

Manage and grow agency, RHB Group, and direct business portfolios to improve productivity and profitability.

Collaborate with underwriters on the acceptance of new risks within the approved authority limits set by Head Office.

Drive Agency Recruitment Programmes to strengthen and expand the agency force.

Organize relationship enhancement activities to maintain strong engagement with agents and business partners.

Conduct agency portfolio segmentation and identify opportunities for business growth.

Review and monitor product portfolios to ensure competitiveness and market relevance.

Identify market opportunities and develop structured marketing strategies to expand market share.

Coordinate surveys and risk management programmes for Banca Retail clients.

Monitor compliance with Credit Control policies, regulatory requirements, and Company guidelines.

Ensure all business activities are conducted in accordance with regulatory guidelines and Company policies.

What we’re looking for

A degree or professional qualification from an institution recognized by the Government of Malaysia.

Candidates with knowledge and/or experience in the insurance industry are encouraged to apply.

Strong analytical skills with good knowledge of insurance products and market practices.

Proven ability to achieve profitability and sales targets.

Good interpersonal and communication skills.

Good contact network and relationship-building capabilities.

Self-motivated, proactive, and able to work independently.

Strong problem-solving and organizational skills with attention to detail.

Fresh graduates with strong interest in business development and the insurance industry are welcome to apply.

What we offer

At RHB Banking Group, we foster a collaborative and inclusive work environment where you can grow and perform at your best. You can expect competitive rewards, development opportunities, and a supportive culture that values your contribution.

*Only shortlisted candidates will be notified.

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