Principal Officer for Bancassurance – Ecobank Uganda Limited

Principal Officer for Bancassurance – Ecobank Uganda Limited

Job Title: Principal Officer for Bancassurance

Organization: Ecobank Uganda Limited

Duty Station: Kampala, Uganda

About Us:

Ecobank Uganda Limited is a leading commercial bank offering wholesale, retail, and transaction banking services and products. We cater to individuals, governments, financial institutions, multinationals, international organizations, medium, and small enterprises.

Key Duties and Responsibilities:

1. Business Area Management:
   • Develop vision, mission, and future strategy for the business area.
   • Implement objectives, philosophies, policies, and budgets approved by EXCO.
   • Support Consumer Banking Management in process evaluation and upgrading.
   • Submit annual business plan incorporating a sales plan to Consumer Banking leadership.
   • Ensure compliance with statutory records and regulatory requirements.
2. Human Resource Management:
   • Achieve TCF deliverables in specific business areas and role levels.
   • Ensure fair, need-based, communicative, and reliable interactions.
3. Product Management and Customer Experience:
   • Create awareness of Bancassurance solutions within the bank.
   • Evaluate products and solutions versus market demands.
   • Coordinate with insurers to implement product changes.
   • Ensure all bank assets are adequately insured.
4. Sales Strategy:
   • Ensure staff selling insurance are accredited and undergo necessary training.
   • Develop and implement strategies to increase sales.
   • Monitor product performance and take corrective actions.
   • Design and implement Bancassurance incentive campaigns.
5. Product Marketing and Distribution:
   • Incorporate Bancassurance offerings into marketing for banking products.
   • Market and promote Bancassurance through all available channels.
   • Own and initiate marketing programs to drive product volume.
6. Product Communication:
   • Review all Bancassurance product communication to prevent miscommunication.
   • Ensure end-to-end processes are mapped and all product information is available to sales teams.
7. Financial Management:
   • Monitor financial numbers against budget.
   • Generate required monthly and annual reports.
   • Analyze reports and track performance vs. budget.
   • Devise corrective tactics to meet budget where applicable.
8. Compliance:
   • Ensure full compliance with legislative requirements and regulations.
   • Provide training on required documentation and compliance.
   • Address issues of non-compliance promptly.
9. Systems and Operating Environment:
   • Coordinate system requirements and developments to meet business requirements.
   • Manage and review specifications for new product developments and enhancements.

Qualifications, Skills and Experience:

• Bachelor’s or Master’s degree in Finance, Actuarial Science, Mathematics, or Generic Management.
• Minimum of 10 years of work experience in insurance.
• Thorough knowledge of financial services industry, insurance, and retail banking.
• Strong Excel, Word, and PowerPoint skills.
• Analytical, interpersonal, and management skills.

How to Apply: All interested and qualified candidates should apply online at the link provided:

Click Here

Deadline: 5th March 2024