Senior Bancassurance Specialist

Job Title: Senior Bancassurance Specialist Location: UAE (Remote) Employment Type: Full-Time Work Arrangement: Fully Remote — 100% Work From Home Level: Senior About Us We are seeking an experienced Senior Bancassurance Specialist to support and develop bancassurance business activities through effective collaboration with banking partners, insurance providers, and internal stakeholders. The successful candidate will focus on business development, partnership management, insurance product distribution, sales performance monitoring, and regulatory compliance while working entirely remotely. This role requires strong commercial awareness, excellent relationship management skills, and a solid understanding of banking and insurance products. Key Responsibilities Manage and develop bancassurance relationships with banks, insurance providers, financial institutions, and distribution partners. Support the development and implementation of bancassurance strategies to achieve business growth, revenue targets, and profitability objectives. Identify new business opportunities and recommend initiatives to expand insurance product distribution through banking channels. Coordinate with banking partners to improve product penetration, customer engagement, lead conversion, and sales performance. Monitor sales activities, premium volumes, commission income, conversion rates, and business performance against agreed targets. Build and maintain strong working relationships with partner banks, relationship managers, insurance advisors, and relevant business teams through virtual meetings and regular communication. Support the development, review, and implementation of bancassurance products, sales campaigns, promotional activities, and distribution initiatives. Coordinate with product, underwriting, operations, finance, claims, and compliance teams to ensure efficient delivery of bancassurance services. Monitor product performance, customer feedback, market developments, and competitor activities to identify opportunities for improvement. Assist banking partners with product information, sales materials, customer eligibility requirements, and insurance application procedures. Provide remote training, product briefings, and sales guidance to banking personnel and distribution partners. Review sales reports and business analytics to identify performance gaps, recommend corrective actions, and improve channel productivity. Support the preparation of business proposals, partnership reviews, sales forecasts, and management reports. Ensure that bancassurance activities comply with applicable UAE insurance and banking regulations, consumer protection requirements, and internal policies. Monitor sales practices to promote fair customer treatment, transparent product disclosures, and appropriate product recommendations. Coordinate policy issuance, premium collection, renewals, endorsements, and service requests with relevant operational teams. Support the resolution of escalated customer and partner issues in collaboration with the appropriate departments. Maintain accurate records of partner communications, sales performance, business opportunities, and agreed action plans. Identify opportunities to streamline processes, improve digital distribution, and strengthen the overall bancassurance customer experience. Perform all duties remotely using approved digital platforms, reporting systems, and secure communication channels. Qualifications and Experience Bachelor's degree in Business Administration, Finance, Banking, Insurance, Marketing, or a related field. At least 5–8 years of experience in bancassurance, insurance distribution, banking relationship management, or financial services business development. Previous experience managing banking partnerships, insurance sales channels, or strategic distribution relationships. Strong understanding of life insurance, general insurance, protection products, savings-linked insurance, and other relevant bancassurance offerings. Knowledge of bancassurance business models, commission structures, sales processes, and distribution channel management. Demonstrated ability to achieve sales targets, develop commercial relationships, and identify revenue growth opportunities. Familiarity with UAE banking and insurance regulations, customer protection principles, and applicable compliance requirements. Experience preparing sales forecasts, business performance reports, and management presentations. Proficiency in Microsoft Office, CRM platforms, sales reporting tools, and digital collaboration systems. Excellent communication, negotiation, presentation, and stakeholder management skills. Strong analytical and commercial skills, with the ability to interpret sales data and recommend effective business strategies. Ability to work independently, manage competing priorities, and coordinate effectively with geographically dispersed teams. Strong organizational skills, professional integrity, and a customer-focused approach. Relevant banking, insurance, or financial services certifications are an advantage. Reliable internet connectivity and a suitable home-working environment for confidential business communications. Key Performance Indicators (KPIs) Business Growth: Achieve agreed bancassurance sales, premium income, and revenue targets. Partner Relationship Management: Maintain strong engagement and productive relationships with banking and insurance partners. Sales Conversion: Improve lead conversion, product penetration, and sales channel productivity. Revenue and Profitability: Support sustainable commission income and profitable business development. Product Performance: Monitor product uptake, renewal rates, and customer engagement. Compliance and Conduct: Maintain adherence to regulatory requirements, product disclosure standards, and internal controls. Customer Experience: Improve service quality, partner satisfaction, and customer retention. Reporting Accuracy: Deliver timely and accurate sales reports, forecasts, and business performance analyses. Remote Productivity: Meet agreed business objectives while working independently in a fully remote environment. What We Offer Competitive compensation based on qualifications and experience. 100% remote work with no routine office attendance required. Opportunities to work with banking partners and insurance professionals across the financial services sector. Professional development and relevant industry training. A collaborative, technology-enabled, and performance-driven remote working environment. Opportunities to contribute to strategic partnerships and business expansion initiatives. Career development opportunities within banking, insurance, and financial services. How to Apply Interested candidates should submit an updated CV and a brief cover letter highlighting their bancassurance experience, banking partnership management skills, insurance distribution expertise, and commercial achievements. Email Subject Line: Application – Senior Bancassurance Specialist (Fully Remote, UAE) We welcome commercially minded professionals who combine strong relationship management, insurance knowledge, and strategic thinking with a commitment to compliance, customer satisfaction, and sustainable business growth. Show more Show less