Bancassurance Officer
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Job Purpose: The Bancassurance Officer is responsible to provide a crucial role in bridging cooperative financial services with insurance solutions. Roles & Responsibilities: Market and sell insurance products to SACCO members in collaboration with partner insurance companies. Educate members and staff on available insurance products and benefits. Source new insurance business and grow the SACCO’s insurance portfolio. Handle insurance documentation, policy issuance, renewals, and endorsements. Assist members in claims processing and follow-up to ensure timely settlement. Maintain accurate records of insurance sales, premiums, and commissions. Ensure compliance with Insurance Regulatory Authority (IRA) guidelines and SACCO policies. Prepare periodic performance reports on bancassurance activities. Build and maintain strong relationships with insurance partners and SACCO members. Promote a culture of accountability, integrity, and continuous improvement within the SACCO. Minimum qualifications: Bachelor’s degree in business administration, Finance, Insurance, Marketing, or a related field. Diploma holders with strong insurance experience may be considered. Professional qualification in insurance (ACII, AIIK, or COP) is a MUST. At least 2 years’ experience in bancassurance, insurance sales, or financial services. Valid IRA certification/licensing will be an added advantage. Strong sales, marketing, and negotiation skills. Excellent communication and customer service skills. High level of integrity, professionalism, and attention to detail. Computer literacy and familiarity with core banking systems is desirable. Key Skills and Competencies: Strong knowledge of SASRA Regulations, Sacco Societies Act, and prudential guidelines. Proven ability to conduct risk-based audits and internal control reviews. High level of integrity, independence, and ethical conduct. Excellent analytical, report-writing, and presentation skills. Good understanding of ICT systems and automated SACCO environments. Strong interpersonal, relation management and communication skills. Result-oriented and self-motivated. Ability to work independently and under minimal supervision. Good analytical and reporting skills. Sound financial management and analytical skills. Proven people management and organizational leadership skills