Business Development Manager (Bancassurance)

UNITED OVERSEAS INSURANCE LTD; Santo Niño 1st; On-site; PHP 600,000 - 900,000; Full time

Job summary

UNITED OVERSEAS INSURANCE LTD in the Philippines seeks a Business Development Manager to drive Bancassurance initiatives, acquiring new clients and expanding bank partnerships. You will develop propositions, campaigns and service standards while coordinating with stakeholders to meet business goals.

The role requires strong communication, problem-solving, and a customer-centric approach, with Mandarin language skills preferred for Mandarin-speaking clients and a team-oriented mindset.

Qualifications

• Diploma in any discipline (minimum)
• Certificate in General Insurance required
• Proficient in Microsoft Office
• Strong communication and problem-solving skills
• Customer-centric mindset with ability to work in a team
• Mandarin language knowledge preferred for Mandarin-speaking clients

Responsibilities

• Assist Department Head in developing business opportunities, campaigns, and product updates with bank stakeholders
• Drive new client acquisition to achieve GWP and underwriting profit targets in Bancassurance
• Evaluate, underwrite, and quote risks per authority and guidelines
• Coordinate placement of facultative reinsurance and ensure contract documentation
• Identify cross-selling opportunities and drive campaigns
• Service clients referred by bank channels and meet requirements promptly
• Prepare management reports, monitor budgets and premium collections
• Undertake additional duties as assigned by senior leadership

Skills

Problem-solving

Communication

Customer-centric

Teamwork

Education

Diploma in any discipline

Certificate in General Insurance

Tools

Microsoft Office

Job description

As a Business Development Manager in the Commercial Distribution Division (Bancassurance), you will be responsible for business generation and business development activities that drive new client acquisition and new sales for the department. This involves providing exceptional service to referral partners and end clients, as well as collaboration on new opportunities with bank partners and stakeholders.

Main Responsibilities

• Assist Department Head in developing business opportunities, building propositions, crafting campaigns and updating product and benefits with bank stakeholders, from conception to rollout to performance tracking.
• Drive new clients acquisition that leads to achieving GWP and underwriting profit budget in Bancassurance department.
• Evaluate, underwrite, and quote risks for commercial classes in line with the assigned authority and Company’s underwriting guidelines and treaty programme.
• Arrange for placement of facultative reinsurance for risks accepted and ensure contract certainty documentation is fulfilled.
• Identify opportunities for cross selling, upselling of insurance products including creating and driving campaigns.
• Service clients referred by UOB channels and ensure their requirements are met promptly.
• Perform administrative and operational duties, which includes preparing management reports, budgetary monitoring and collection of premium.
• Undertake any other assignments as allocated by Division Head, Strategy and Transformation Office or CEO’s office to contribute to the overall corporate objectives.

Requirements

• Minimally Diploma in any discipline
• Possess Certificate in General Insurance
• Proficient in Microsoft Office
• Good problem-solving and communication skills
• Ability to put customers at the core of the business
• Ability to work well in a team
• Knowledge of Mandarin is preferred so as to service mandarin-speaking clients