Job Title: Â Principal Officer – Bancassurance Â
Organisation: UGAFODE Microfinance Limited (MDI)
Duty Station: Kampala, Uganda
Ref: HR/STAFF/VAC – 10/12/2024/1
About Organisation:
UGAFODE Microfinance Limited (MDI) is a registered financial institution in Uganda and is adherent to the Central Bank’s regulations and guidelines and was founded in 1994 to provide quality microfinance services.
Job Summary:  The Principal Officer- Bancassurance will lead all aspects of the Bancassurance Business including but not limited to Business Growth, Revenue Assurance; Management of underwriter relationships, Operations, Service; Trainings and ensuring Profitability in line with the Bank’s aspirations.
Key Duties and Responsibilities:
- Develop, execute, and monitor progress of the bancassurance strategy with possible reviews from time to time
- Spearhead product development and innovation of bancassurance products in line with market expectations
- Drive the sale of bancassurance products across all bank segments
- Grow revenues from the bancassurance business
- Manage relations with partner insurance companies and other stakeholders
- Represent the Bank at bancassurance conferences, business meetings and industry events
- Drive the compliance agenda whilst executing bancassurance duties in line with the Insurance (Bancassurance) Regulations
- Prepare and submit to the Insurance Regulatory Authority and the Bank’s management, monthly and annual reports on the performance of the bancassurance business
- Render the necessary assistance to the policyholders or claimants or beneficiaries in complying with the requirements for settlement of claims by the insurer
- Follow up and respond to any client complaints and enquiries or claims lodged.
Qualifications, Skills and Experience:
- The applicant must hold a bachelor’s degree in business or any related field
- Possession of a diploma in insurance from the Chartered Insurance Institute of the United Kingdom or a similar institute.
- Marketing and Sales qualifications would be an advantage.
- At least five years working experience in insurance in the areas of underwriting, claims, finance or regulation
- Ability to identify business opportunities from market intelligence
- Ability to analyse business opportunities and make value-adding recommendations
- Logical thinking with creative problem-solving ability
- Keen attention to detail
- Strong networking and relationship management skills
- Good team player and enthusiastic.
- Excellent communication and negotiation skills
- A leader and able to build credibility and trust
- Excellent organizational, planning and time management skills
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How to Apply:
If you believe you meet the requirements as stated above, submit an application letter together with an up-to-date CV to our email: recruitment
ugafode.co.ug. Save the Documents as Your Full Name & indicate the job title you are applying for in the Email Subject Line. Your applications should be addressed to the Head of Human Resources
Deadline: 16th December 2024.Â
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Note: Ladies are encouraged to apply
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