Bancassurance Advisor

uobgroup; Singapore; On-site; SGD 45,000 - 65,000; Full time

Job summary

United Overseas Bank Ltd in Singapore seeks a Bancassurance Advisor to promote and sell insurance products, collaborating with client advisors to assess client needs and recommend suitable policies.

You will build relationships, stay updated on product changes, and strive to meet sales targets while ensuring regulatory compliance and accurate documentation.

This role requires a Bachelor's degree in Finance or related field, insurance certification, and prior financial services or sales experience.

Qualifications

• Bachelor's degree in Finance, Business Administration, or related field.
• Certification in insurance (CMFAS) as required by local regulations.
• Prior experience in sales, financial services, or insurance preferred.
• Strong understanding of financial products and markets.

Responsibilities

• Engage with clients to understand financial goals and insurance needs.
• Stay informed about latest insurance products and policy changes.
• Achieve sales targets and develop strategies to maximise opportunities.
• Cross-sell insurance products to banking clients in collaboration with staff.

Skills

Excellent communication

Interpersonal skills

Analytical skills

Team collaboration

Customer service

Education

Bachelor's degree in Finance or related field

Insurance certification (CMFAS)

Job description

Company: 1011 United Overseas Bank Ltd

About UOB

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices. Our history spans more than 80 years. Over this time, we have been guided by our values - Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.

Job Description

The Bancassurance Advisor is responsible for promoting and selling insurance products. This role involves close collaboration with client advisors and educating customers about various insurance policies, understanding their needs, and recommending suitable options to enhance financial security.

Key Responsibilities

1. Customer Engagement:
   • Meet with clients to understand their financial goals and insurance needs.
   • Build and maintain strong relationships with existing and potential clients.
2. Product Knowledge:
   • Stay informed about the latest insurance products and policy changes.
   • Provide comprehensive information about the features, benefits, and coverage options.
3. Sales and Target Achievement:
   • Achieve sales targets.
   • Develop strategies to maximize sales opportunities within the bank's client base.
4. Cross-Selling:
   • Identify opportunities to cross-sell insurance products to banking clients.
   • Collaborate with bank staff to integrate insurance offerings smoothly into banking services.
5. Compliance:
   • Ensure adherence to regulatory requirements and company policies related to insurance sales.
   • Maintain proper documentation for all transactions and client interactions.
6. Customer Service
   • Address client queries and concerns regarding policy terms, claims, and renewals.
   • Provide ongoing support to clients throughout the policy lifecycle.
7. Training and Development:
   • Train bank staff on insurance products to enhance their capability in selling.
   • Participate in ongoing training sessions to improve knowledge and sales techniques.

Qualifications

• Bachelor's degree in Finance, Business Administration, or a related field.
• Certification in insurance (as required by local regulations).
• Prior experience in sales, financial services, or insurance preferred.
• Strong understanding of financial products and markets.

Skills

• Excellent communication and interpersonal skills.
• Strong analytical and problem-solving abilities.
• Ability to work independently and in a team.
• Proficient in customer service and relationship management.

Additional Requirements

• CMFAS HI - Certificate in Health Insurance - Singapore
• CMFAS M5 - Rules & Regulations for Financial Advisory Services - Singapore
• CMFAS M9A - Life Insurance and Investment-Linked Policies II - Singapore
• CMFAS M9 - Life Insurance & Investment-Linked Policies - Singapore

Be a Part of the UOB Family

UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.