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NBK Bancassurance Regional Sales Manager

Nairobi, Kenya
Company Details
Industry: Banking
Description: Kenya Commercial Bank Limited is registered as a non-operating holding company which started operations as a licensed banking institution with effect from January 1, 2016. The holding company oversees KCB Kenya - incorporated with effect from January 1, 2016 - and all KCB's regional units in Uganda, Tanzania, Rwanda, Burundi, Ethiopia and South Sudan. It also owns KCB Insurance Agency, KCB Capital, KCB Foundation and all associate companies. The holding company was set up to among other things to enhance the Group's capacity to access unrestricted capital and also enable investment in new ventures outside banking regulations, achieve operational and strategic autonomy for the Group's operating entities and enhance corporate governance across the Group and oversight in management of subsidiaries.
Job Description

 

 

 

Main Duties & Responsibilities 

  • Take responsibility for the business performance and delivery of set targets for insurance business in the region by providing effective leadership, motivation, marketing support and technical assistance.
  • Drive Bancassurance Retail Sales with the region.
  • Provide leadership, motivation and management of performance of the Bancassurance sales representatives. 
  • Leverage key marketing initiatives being undertaken by the bank and the agency in the region while working closely with the branch management teams to spot opportunities for insurance business.
  • To ensure bringing about a planned and systematic growth in Bancassurance revenue generation through the Bancassurance sales, branch and direct sales channels in the bank.
  • To guide management towards ensuring maximum staff participation in the incentive plans and make/propose changes to sustain individual staff productivity and performance.
  • To liaise with department heads and sales representatives and work towards a planned and sustainable growth of Bancassurance business throughout the region
  • To guide the Bancassurance, sales, direct sales, and branch channel teams to capitalize on cross sell opportunities across departments and within the region.
  • To build an effective sales culture and a multi-product sales environment in the team through strong sales and relationship management principles and practices.
  • To formulate sales and marketing plans/strategies, monthly and annual sales and cost budgets, sales presentation, and approval papers for business related requirements in the designated sales region.
  • To formulate sales and marketing plans/strategies, monthly and annual sales and cost budgets, sales presentation, and approval papers for business related requirements in the designated sales region.
  • Ensure excellent Customer Service and Value Proposition 
  • To ensure strict adherence to all sales and service activities as laid out in the operations manual, bank’s policies related to compliance and governance.
  • To conduct periodic sales reviews and take corrective steps to improve and boost Bancassurance business.
  • To review sales team related MIS at periodic intervals to monitor and manage the business along the planned lines.
  • To monitor monthly achievements against budgeted sales and revenue generation figures.
  • To work very closely with the Bancassurance Business Development Manager to ensure prompt and effective execution of tasks resulting in business growth assistance.
  • To manage and ensure business retention is within acceptable and set levels.

Academic & Professional Qualification

  • University Degree in Business related field. 
  • Certificate in Insurance e.g. COP, ACII, IIK
  • Any other relevant insurance qualification and/or membership from Insurance Institute of Kenya (IIK) or associate Chartered Insurance Institute (ACII) will be an added advantage

Work Experience & Skills

  • 3-4 years’ experience in the Financial/Banking/Business development field, three (2) of which should be in Insurance Marketing environment 
  • Entrepreneurial and Commercial thinking
  • Excellent research, analytical, and problem-solving skills.
  • Integrity and courage to challenge actions within various business units and the status quo.
  • Strong persuasion, management and communication skills
  • Strong organizational skills 
  • Excellent stakeholder management skills
  • Creative approach, with the ability to anticipate challenges and develop innovative solutions.
  • Very Good Knowledge of CBK    prudential guidelines and reporting.
  • Knowledge of financial management.
  • Passionate Drive for results.
  • Service Excellence.
Education: Degree, Diploma
Employment Type: Full Time

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