Bancassurance Relationships Deputy Manager

Recruit AI; Karachi Division; On-site; PKR 1,800,000 - 2,800,000; Full time

Job summary

EFU Life Assurance Ltd. in Karachi is seeking a Deputy Manager, RM Bancassurance to strengthen partnerships with bancassurance channels and distribution of insurance products.

The ideal candidate will have 4+ years of experience, strong knowledge of regulatory compliance, underwriting, and actuarial analysis to support product design and pricing. The role emphasizes cross-functional collaboration with sales, marketing and claims, plus training support to enhance bancassurance knowledge across

Qualifications

• Minimum 4 years of experience in bancassurance or insurance relationship management.
• Solid knowledge of insurance regulatory compliance and policy issuance.
• Experience applying customer needs analysis to improve retention.
• Proficient in underwriting and risk assessment procedures.
• Ability to apply actuarial analysis for product design and pricing.
• Collaborates with sales, marketing and claims teams.
• Supports training to strengthen bancassurance knowledge.
• Ensures accurate documentation and timely reporting.

Responsibilities

• Develop and maintain relationships with bancassurance partners to aid distribution.
• Conduct comprehensive risk assessments and underwriting per policies.
• Apply actuarial analysis to design, price, and adjust products based on risk.
• Manage customer relationships to improve retention and satisfaction.
• Collaborate with sales, marketing and claims to deliver integrated solutions.
• Monitor product performance, analyze trends, and propose improvements.
• Assist in strategic initiatives to expand bancassurance portfolio.
• Ensure documentation and reporting of underwriting and risk activities.
• Stay updated on industry trends, regulations, and competitor products.
• Support training to enhance bancassurance knowledge across teams.
• Coordinate with partners to handle inquiries and claims.
• Review guidelines and suggest enhancements to risk frameworks.

Skills

Relationship management

Underwriting

Actuarial analysis

Regulatory compliance

CRM systems

Risk assessment

Stakeholder collaboration

Training support

Job description

EFU Life Assurance Ltd. in Karachi is seeking a Deputy Manager, RM Bancassurance to strengthen partnerships with bancassurance channels and distribution of insurance products.

The ideal candidate will have 4+ years of experience, strong knowledge of regulatory compliance, underwriting, and actuarial analysis to support product design and pricing. The role emphasizes cross-functional collaboration with sales, marketing and claims, plus training support to enhance bancassurance knowledge across