Bancassurance Sales Specialist

Trust Bank; Singapore; On-site; SGD 45,000 - 70,000; Full time

Job summary

Trust Bank is seeking a Bancassurance Sales Specialist to drive sales growth by managing bank client relationships and promoting insurance products. Ideal candidates will have 3-5 years of experience and a strong background in financial services. This role offers the opportunity to work in a dynamic, inclusive environment where personal and professional growth is encouraged.

Qualifications

• 3-5 years of experience in bancassurance or financial sales.
• Knowledge of insurance products including life, health, and general insurance.
• Strong track record of success in sales.

Responsibilities

• Develop and maintain strong relationships with bank clients.
• Drive sales of insurance products and conduct needs analysis.
• Lead and motivate a team of bancassurance consultants.

Skills

Sales

Relationship Management

Communication

Business Development

Client Needs Analysis

Education

Diploma or Degree in Finance, Business, or related field

Job description

Trust is the first of a new breed of banks in Singapore – digitally native and focused on delivering a delightful customer experience. You will work in a fast-paced and collaborative environment to solve new and interesting challenges each day. Together with our Trust team, you will help shape the future of our bank and be able to work on and solve many interesting challenges which we are facing, learn new ways of working, and help build delightful high-quality products for our customers.

As a Bancassurance Sales Specialist you'd be able to work on and solve many interesting challenges which we are facing, learn new ways of working, and help build delightful high quality products for our customers.

Job Description

As a Bancassurance Specialist, you will play a key role in driving the growth and success of our bancassurance channel by managing relationships with bank clients and promoting our comprehensive suite of insurance products. You will work closely with the bank partner to create tailored solutions that meet the financial and insurance needs of their customers, leveraging your strong expertise in insurance and sales to drive results. This is an exciting opportunity for individuals who are passionate about financial services and thrive in a dynamic, fast-paced environment.

The Role Responsibility:

• Sales & Relationship Management: Develop and maintain strong relationships with bank clients, driving sales of insurance products through proactive outreach and regular follow-up to ensure customer satisfaction and retention. Conduct customer needs analysis to identify gaps and ensure that customer needs are met with insurance solutions that align with their financial goals.
• Product Knowledge & Consultation: Act as a subject matter expert on a wide range of insurance products, providing valuable and accurate financial advice and guidance to existing bank partner’s customers. Stay up to date with the latest product offerings and market trends to effectively promote solutions that deliver optimal value.
• Business Development : Identify new business opportunities and expand the bancassurance channel through effective networking, prospecting, and leveraging existing relationships with bank partners. Build a pipeline of leads and convert them into long-term clients.
• Training & Mentoring: Lead, coach, and motivate a team of bancassurance consultants, ensuring that all team members meet or exceed sales targets. Provide ongoing training and support to enhance product knowledge, sales skills, and customer service excellence.
• Target Achievement: Meet and exceed sales targets and KPIs, contributing to the overall growth and profitability of the bancassurance division. Use data and analytics to monitor performance and continuously improve sales strategies.
• Compliance & Risk Management: Ensure proper advisory procedures and documentation while adhering to all regulatory requirements, business processes and company policies, maintaining a high standard of professionalism and ethical conduct in all interactions.

Role Specific Technical Competencies:

Skill

Target proficiency level

Advanced

Advanced

Our Ideal Candidate:

• 3- 5 years of experience in bancassurance, financial sales, or insurance advisory roles. Experience in managing client relationships and achieving sales targets is highly preferred.
• A diploma or degree in F inance, B usiness, or a related field is preferred.
• Relevant certifications (i.e., CMFAS modules such as M5, M9, M9A, HI, BCP, PGI) will be advantageous .
• Strong track record of success in sales, with a focus on achieving business growth through the bancassurance channel.
• In-depth knowledge of insurance products, including life, health, and general insurance.
• Excellent communication and interpersonal skills, with the ability to build rapport and trust with clients.
• Strong business acumen and the ability to identify opportunities for growth within the bancassurance channel.
• Ability to work independently as well as in a team-oriented environment.

If you apply for a job with Trust or submit any personal information in connection with a possible job opportunity, you agree to our privacy notice for job applicants.

Come as you are! Trust is an inclusive and open-minded workplace. If you are good at what you do and care about doing a good job, that’s what we focus and want from you. So come as you are.

Trust is an equal opportunity employer. We prohibit discrimination and harassment of any kind. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment.All employment decisions at Trust are based on business needs, job requirements and individual qualifications, without regard to age, gender, physical ability, race, religion or belief, family or parental status, sexuality, or any other status protected by laws or regulations. We will not tolerate discrimination or harassment based on any of these characteristics. We encourage applicants of all ages.

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