Business Development Manager (Bancassurance)

UNITED OVERSEAS INSURANCE LIMITED; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

UNITED OVERSEAS INSURANCE LIMITED in Singapore seeks a Business Development Manager for the Commercial Distribution Division (Bancassurance). You will drive new client acquisition and develop campaigns in collaboration with UOB bank partners and stakeholders.

You will evaluate risks, place facultative reinsurance, and service clients referred by UOB channels while delivering high-quality service and maintaining premium collections.

Qualifications

• Diploma in any discipline required.
• Certificate in General Insurance required.
• Proficient in Microsoft Office.
• Good problem-solving and communication skills.
• Mandarin language preferred for Mandarin-speaking clients.

Responsibilities

• Assist Department Head in developing business opportunities, building propositions, crafting campaigns and updating product and benefits with bank stakeholders.
• 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 underwriting guidelines.
• 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 bank channels and ensure their requirements are met promptly.
• Perform administrative and operational duties, including preparing management reports, budget monitoring and collection of premium.
• Undertake any other assignments as allocated by Division Head or CEO's office to contribute to corporate objectives.

Skills

Communication skills

Problem solving

Mandarin language

Microsoft Office

Education

Diploma in any discipline

Certificate in General Insurance

Tools

Microsoft Office

Job description

As a Business Development Manager in the Commercial Distribution Division (Bancassurance), 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.

Main Responsibilities

• 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.

Requirements

• Minimally Diploma in any discipline
• Possess Certificate in General Insurance
• Proficient in Microsoft Office
• Good problem-solving and communication skills
• Ability to put customers at the core of the business
• Ability to work well in a team
• Knowledge of Mandarin is preferred so as to service mandarin-speaking clients