Bancassurance Advisor

UOB; Singapore; On-site; SGD 38,000 - 68,000; Full time

Job summary

UOB seeks a Bancassurance Advisor to promote and sell insurance products, collaborating with client advisors and educating customers about policy options to enhance financial security.

The role involves meeting clients, building relationships, staying informed on products, and achieving sales targets within the bank's client base. CMFAS certifications are listed as requirements and ongoing training is provided.

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.

Responsibilities

• Meet with clients to understand their financial goals and insurance needs.
• Build and maintain strong relationships with existing and potential clients.
• Stay informed about the latest insurance products and policy changes.
• Provide comprehensive information about the features, benefits, and coverage options.
• Achieve sales targets and develop strategies to maximize sales opportunities.
• Identify opportunities to cross-sell insurance products to banking clients.
• Collaborate with bank staff to integrate insurance offerings into banking services.
• Ensure adherence to regulatory requirements and company policies.
• Maintain proper documentation for all transactions and client interactions.
• Address client queries and concerns regarding policy terms, claims, and renewals.
• Train bank staff on insurance products and participate in ongoing training.

Skills

Communication

Relationship-building

Analytical skills

Teamwork

Customer service

Sales ability

Education

Bachelor's degree

Job description

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.

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

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

This position is ideal for individuals passionate about helping clients secure their financial futures through insurance while leveraging banking relationships. If you have a knack for sales and enjoy working with people, this could be a great role for you!

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.