Business Development Executive (Bancassurance)

Singapore College of Insurance Limited; Singapore; On-site; SGD 50,000 - 70,000; Full time

Job summary

Singapore College of Insurance Limited is seeking a Business Development Executive (Bancassurance) to oversee business generation and development within the department. Responsibilities include driving client acquisition and providing outstanding service to referral partners.

The ideal candidate will work closely with bank stakeholders, facilitating business opportunities from conception to execution while meeting clients' needs effectively.

Qualifications

• Strong business acumen with proven experience in business development.
• Ability to evaluate and underwrite risks appropriately.
• Excellent communication and collaboration skills.

Responsibilities

• Assist in developing business opportunities and campaigns.
• Drive client acquisition to achieve GWP and underwriting profit.
• Service clients referred through UOB channels.

Job description

Business Development Executive (Bancassurance)

About the job: Business Development Executive (Bancassurance)

As an Executive in the Commercial Bancassurance Department, you will be responsible for business generation and business development activities that drive new client acquisition and new sales for the department. This involves providing exceptional service to referral partners and end clients, as well as collaboration on new opportunities with bank partners and stakeholders.

Key Responsibilities / Duties

• Assist Department Head in developing business opportunities, building propositions, crafting campaigns and updating product and benefits with bank stakeholders, from conception to rollout to performance tracking.
• Drive new clients acquisition that leads to achieving GWP and underwriting profit budget in Bancassurance department.
• Evaluate, underwrite, and quote risks for commercial classes in line with the assigned authority and Company's underwriting guidelines and treaty programme.
• Arrange for placement of facultative reinsurance for risks accepted and ensure contract certainty documentation is fulfilled.
• Identify opportunities for cross selling, upselling of insurance products including creating and driving campaigns.
• Service clients referred by UOB channels and ensure their requirements are met promptly.
• Perform administrative and operational duties, which includes preparing management reports, budgetary monitoring and collection of premium.
• Undertake any other assignments as allocated by Division Head, Strategy and Transformation Office or CEO's office to contribute to the overall corporate objectives.