Bancassurance Manager job at Atlas Mara Zambia
Website :
415 Days Ago
Linkedid Twitter Share on facebook

Vacancy title:
Bancassurance Manager

[ Type: FULL TIME , Industry: Business Management and Administration , Category: Management ]

Jobs at:

Atlas Mara Zambia

Deadline of this Job:
Monday, January 15 2024 

Duty Station:
Within Zambia , Lusaka, South - Central Africa

Summary
Date Posted: Thursday, January 04 2024, Base Salary: Not Disclosed

Similar Jobs in Zambia
Learn more about Atlas Mara Zambia
Atlas Mara Zambia jobs in Zambia

JOB DETAILS:
Job Purpose:
To oversee the Bancassurance business focusing on business growth, product development, frontline sales support and stakeholder engagement in order to deliver the business’ financial objectives through enhancing the Retail Customer Value Proposition (CVP), increasing market share and competitively positioning the Bank’s insurance solutions.

Key Output & Responsibilities
Business Direction
• Mine existing customers and identify new customers, segments and market opportunities, as well as customer needs and desired behaviors in order to understand how the bank’s products align with these needs.
• Understand the value drivers of all insurance products and service and identify profitable commercial opportunities to grow revenue and market share.
• Analyze country Insurance sales and product opportunities across segments and channels to identify where products are not achieving desired results to be able to address underlying causes.
• Ensure that all Insurance products developed are fit for purpose so that they enable customer acquisition, retention and revenue diversification.
Product Development and Testing
• Understand customer segments and products’ value propositions to attract each of those segments.
• Work with relevant departments across the in-country bank to develop innovative products to support the value proposition aligned to market segments.
• Engage with country Risk, Credit, Legal and Compliance to ensure all risk elements have been considered.
Product Pricing, Packaging and Positioning
• Determine appropriate product pricing with nominated insurance service provider for all insurance products in order to deliver profitable solutions with positive margins.
Sales Campaigns and Product Promotions
• Develop and execute country sales campaigns and promotions in order to increase the uptake of insurance policies, acquire new customers and retain existing customers.
• Ensure internal teams have the necessary product knowledge, resources and Marketing material to be able to sell Insurance products to customers

Budget Management
• Develop, review, forecast, deploy, manage and track sales and product budgets in-country to enhance financial efficiencies.
• Identify and implement cost savings and other financial efficiencies where appropriate to contribute to the overall cost management and profitability of the business.

Governance, Risk and Compliance Management
• Ensure the function complies with all relevant internal rules, manuals, policies & procedures, including KYC for satisfactory audits.
• Stay abreast of current and upcoming regulations, analyse their impact on the function and develop appropriate responses in order to ensure there is full adherence to regulatory guidelines and directives.
• Ensure prompt remediation of risk, internal and external audit findings to ensure attainment of a well-managed risk environment under Bancassurance.

Stakeholder Engagement
• Rally teams across the bank to develop, implement and own sales and product initiatives and monitor sales and product performance.
• Engage with clients to understands their product requirements.
• Engage with in-country regulators to understand what can and cannot be done in different markets, to identify potential areas of innovation and to ensure adherence to in-country regulatory parameters.
• Effective teamwork, self-management and alignment with the Banks’ values
• Plan and manage own workflow, anticipating obstacles, juggling priorities and following through on objectives within agreed time-frames and according to quality standards.

Candidate Requirements
• Grade 12 School Certificate with 5 credits including English and Mathematics.
• Professional Qualification in Actuarial Science Degree, Insurance & Pensions Management or in a related field.
• 5+ years’ experience preferably in the Banking sector.

Education Requirement: No Requirements

Work Hours: 8


Experience in Months: 60

Level of Education:

Job application procedure
• Interested Applicants who meet the job requirements should e-mail their CV’s to jobs-zm@bancabc.co.zm . Only shortlisted candidates will be contacted. Be sure to include the job applied for in the subject field. Closing date: Thursday, 11th January 2024.
• To apply for this job email your details to jobs-zm@bancabc.co.zm 

All Jobs

QUICK ALERT SUBSCRIPTION

Job Info
Job Category: Management jobs in Zambia
Job Type: Full-time
Deadline of this Job: Monday, January 15 2024
Duty Station: Lusaka
Posted: 04-01-2024
No of Jobs: 1
Start Publishing: 04-01-2024
Stop Publishing (Put date of 2030): 04-01-2066
Apply Now

Caution: Never Pay Money in a Recruitment Process.

Some smart scams can trick you into paying for Psychometric Tests.
23.07MBMemory Usage142msRequest Duration
Joomla! Version4.4.10
PHP Version8.1.31
Identityguest
Response200
Templatejl_education_pro
Database
Server
mysql
Version
10.5.28-MariaDB
Collation
latin1_swedish_ci
Conn Collation
utf8mb4_general_ci
$_GET
[]
$_POST
[]
$_SESSION
array:1 [ "joomla" => "***redacted***" ]
$_COOKIE
[]
$_SERVER
array:65 [ "USER" => "greatzambiajobs" "HOME" => "/home/greatzambiajobs" "SCRIPT_NAME" => "/in...
session
array:3 [ "counter" => 1 "timer" => array:3 [ "start" => 1740302901 "last" => 1740302901...
registry
array:3 [ "data" => [] "initialized" => false "separator" => "." ]
user
array:18 [ "id" => 0 "name" => null "username" => null "email" => null "password" => "***r...
  • afterLoad (4.12MB) (26.15ms)
  • afterInitialise (11.93MB) (89.45ms)
  • afterCache (5.93MB) (25.99ms)
  • 1 x afterInitialise (11.93MB) (62.89%)
    89.45ms
    1 x afterLoad (4.12MB) (18.39%)
    26.15ms
    1 x afterCache (5.93MB) (18.27%)
    25.99ms
19 statements were executed8.42ms32.35KB
  • SELECT @@SESSION.sql_mode;69μs1.57KB/libraries/vendor/joomla/database/src/Mysqli/MysqliDriver.php:334Copy
  • SELECT `data` FROM `icop0_session` WHERE `session_id` = ?68μs1.61KBParams/libraries/vendor/joomla/session/src/Handler/DatabaseHandler.php:261Copy
  • SELECT `session_id` FROM `icop0_session` WHERE `session_id` = :session_id LIMIT 166μs1.61KBParams/libraries/src/Session/MetadataManager.php:187Copy
  • INSERT INTO `icop0_session` (`session_id`,`guest`,`time`,`userid`,`username`,`client_id`) VALUES (:session_id, :guest, :time, :user_id, :username, :client_id)269μs944BParams/libraries/src/Session/MetadataManager.php:260Copy
  • SELECT `id`,`rules` FROM `icop0_viewlevels`75μs1.59KB/libraries/src/Access/Access.php:955Copy
  • SELECT `b`.`id` FROM `icop0_usergroups` AS `a` LEFT JOIN `icop0_usergroups` AS `b` ON `b`.`lft` <= `a`.`lft` AND `b`.`rgt` >= `a`.`rgt` WHERE `a`.`id` = :guest115μs1.64KBParams/libraries/src/Access/Access.php:868Copy
  • SELECT `value` FROM `icop0_admintools_storage` WHERE `key` = 'cparams'82μs856B/administrator/components/com_admintools/src/Helper/Storage.php:120Copy
  • SELECT `option`,`view`,`query` FROM `icop0_admintools_wafexceptions`65μs960B/plugins/system/admintools/src/Utility/Cache.php:196Copy
  • SELECT `params` FROM `icop0_extensions` WHERE `type` = 'plugin' AND `folder` = 'system' AND `element` = 'admintools'136μs2.09KB/plugins/system/admintools/src/Utility/RescueUrl.php:324Copy
  • SELECT * FROM icop0_rsform_config136μs1.5KB/administrator/components/com_rsform/helpers/config.php:52Copy
  • SELECT `value` FROM icop0_acym_configuration WHERE `name` = 'level'73μs856B/plugins/system/acymtriggers/acymtriggers.php:639Copy
  • SELECT `value` FROM icop0_acym_configuration WHERE `name` = 'active_cron'59μs856B/plugins/system/acymtriggers/acymtriggers.php:639Copy
  • SELECT `value` FROM icop0_acym_configuration WHERE `name` = 'cron_next'72μs856B/plugins/system/acymtriggers/acymtriggers.php:639Copy
  • SELECT `value` FROM icop0_acym_configuration WHERE `name` = 'queue_type'56μs856B/plugins/system/acymtriggers/acymtriggers.php:639Copy
  • SELECT *,(subpath=1 AND LOCATE(sef_link, '%2Fjobs%2Fjob-detail%2Fjob-Bancassurance-Manager-job-at-Atlas-Mara-Zambia-54760%2F')=1) inSub FROM icop0_jlexblock WHERE ((mt_fullsite=1 AND mt_index=1) OR ((`sef_link`='%2Fjobs%2Fjob-detail%2Fjob-Bancassurance-Manager-job-at-Atlas-Mara-Zambia-54760%2F' OR (subpath=1 AND LOCATE(sef_link, '%2Fjobs%2Fjob-detail%2Fjob-Bancassurance-Manager-job-at-Atlas-Mara-Zambia-54760%2F')=1)) AND mt_fullsite=0)) AND published=1 ORDER BY mt_area DESC,id ASC243μs4.23KB/plugins/system/jlexblock/jlexblock.php:150Copy
  • SELECT *,(subpath=1 AND LOCATE(sef_link, '%2Fjobs%2Fjob-detail%2Fjob-Bancassurance-Manager-job-at-Atlas-Mara-Zambia-54760%2F')=1) inSub FROM icop0_jlexblock WHERE ((mt_fullsite=1 AND mt_index=1) OR ((`sef_link`='%2Fjobs%2Fjob-detail%2Fjob-Bancassurance-Manager-job-at-Atlas-Mara-Zambia-54760%2F' OR (subpath=1 AND LOCATE(sef_link, '%2Fjobs%2Fjob-detail%2Fjob-Bancassurance-Manager-job-at-Atlas-Mara-Zambia-54760%2F')=1) OR `list_var` LIKE '%com_jsjobs%') AND mt_fullsite=0)) AND published=1 ORDER BY mt_area DESC,id ASC192μs4.25KB/plugins/system/jlexblock/jlexblock.php:150Copy
  • SELECT s.id, s.template, s.home, s.title AS long_title, s.params FROM icop0_template_styles AS s WHERE s.client_id = 0 AND s.template = 'jl_education_pro' ORDER BY s.id160μs3.7KB/libraries/gantry5/src/classes/Gantry/Joomla/StyleHelper.php:69Copy
  • SELECT `session_id` FROM `icop0_session` WHERE `session_id` = ?111μs1.63KBParams/libraries/vendor/joomla/session/src/Handler/DatabaseHandler.php:291Copy
  • UPDATE `icop0_session` SET `data` = ? , `time` = ? WHERE `session_id` = ?6.37ms912BParams/libraries/vendor/joomla/session/src/Handler/DatabaseHandler.php:318Copy