Deputy Manager, Bancassurance Relationship Management - TJ / 1939092

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

Our client EFU Life Assurance Ltd. is looking for a Deputy Manager, Bancassurance Relationship Management in Karachi

EFU Life Assurance Ltd. is seeking a Deputy Manager-RM Bancassurance with a minimum of 4 years of experience to join our team. This role focuses on developing and sustaining strong relationships with bancassurance partners to support the effective distribution of insurance products. The Deputy Manager will apply their insurance product knowledge and expertise in customer needs analysis to enhance client retention and satisfaction within the bancassurance channel. The individual must have sound knowledge of insurance regulatory compliance and policy issuance and renewals, while effectively managing relationships through customer relationship management platforms.

This position requires close collaboration with sales, marketing, and claims teams to deliver seamless insurance solutions that meet client needs. The Deputy Manager does not manage a team but plays a vital role in supporting training initiatives to strengthen bancassurance knowledge across departments. Additionally, the role is responsible for conducting detailed risk assessments, performing insurance underwriting, and applying actuarial analysis to support insurance product design and pricing. Monitoring product performance and recommending improvements are key functions to help grow the bancassurance portfolio and increase market share.

Responsibilities

• Develop and maintain strong relationships with bancassurance partners to facilitate the distribution of insurance products.
• Conduct comprehensive risk assessments and perform insurance underwriting in alignment with company policies and regulatory standards.
• Apply actuarial analysis to aid in the design, pricing, and adjustment of insurance products based on risk and market evaluations.
• Manage and nurture customer relationships within the bancassurance channel to improve client retention and satisfaction.
• Collaborate effectively with sales, marketing, and claims departments to deliver integrated insurance solutions and promptly address client needs.
• Monitor insurance product performance data, analyze trends, and generate actionable insights to recommend product improvements.
• Assist in planning and implementing strategic initiatives to expand the bancassurance portfolio and increase market share.
• Ensure accurate documentation and timely reporting of underwriting and risk assessment activities.
• Stay updated with industry trends, regulatory changes, and competitor products to provide meaningful insights for strategic decisions.
• Support and contribute to training initiatives aimed at enhancing bancassurance knowledge and skills across relevant teams.
• Coordinate with bancassurance partners to efficiently handle customer inquiries and claims, maintaining high standards of service.
• Review underwriting guidelines and risk assessment frameworks regularly and recommend enhancements to improve business outcomes.