Job Opportunities at Stanbic IBTC Insurance Limited

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, is a full-service financial services group with major business focus on three pillars - Corporate and Investment Banking, Personal and Business Banking, and Wealth Management.

Stanbic IBTC Insurance Limited ("SIIL") is a wholly-owned Life Insurance subsidiary of Stanbic IBTC Holdings PLC. Stanbic IBTC Insurance Limited aims to provide insurance for financially included individuals and become the preferred insurer in the Life Insurance Business.

We are recruiting to fill the position below:

Job Title: Business Development Officer

Job ID: 55290
Location: Port Harcourt, Rivers
Job Sector: Banking

Technical Competencies

• Insurance Technical Competencies
• Effective Business Communication
• Presentation Skills
• Compliance-Know-Your-Customer
• Brand Management
• Customer Understanding.

Interested and qualified candidates should:Click here to apply

Job Title: Business Development Officer

Job ID: 55291
Location: Ibadan, Oyo
Job Sector: Banking

Technical Competencies

• Insurance Technical Competencies
• Effective Business Communication
• Presentation Skills
• Compliance-Know-Your-Customer
• Brand Management
• Customer Understanding

Interested and qualified candidates should:Click here to apply

Job Title: Regional Head Corporate

Job ID: 55286
Location: Abuja
Job Sector: Insurance

Job Details

• Test Division Summary

Job Purpose

• To grow and develop insurance premium in order to deliver profitable revenue streams to the Business and Group.
• The Job holder will manage Corporates, including Insurance Brokers as channels in business development.
• Creation of sales strategy/ies that will enhance the Group’s vision to be the leading end to end financial solutions provider.
• This will include cross sell to customers of the Group, potential customers from outside the Group and developing new market frontiers.
• Develop sales channel strategy covering brokers, institutions , bancassurance channels etc

Key Responsibilities / Accountabilities

• Delivers on sale of insurance policies and premium income through focus channels for Stanbic IBTC Insurance Limited.
• Customer retention
• Has a thorough understanding of the strategic business drivers, opportunities, challenges, needs, competition and threats inherent in the insurance environment
• Has a good understanding of both traditional and non-traditional competitors, their drivers, products, strengths, vulnerabilities, market share/client base and the impact that these factors have Customer Value Proposition
• Continuously monitor the market trends in the insurance industry, including regulatory and legal framework, with a view to assessing the possible impact on the insurance industry.
• Support insurance knowledge and awareness within the Company and through various designated channels of Sales.
• Ensure to close the loop with customers at all times. E.g. taking enquiries, ensuring prompt delivery of policy documents, proper awareness communication plan to support their decision making etc.
• Assess customers risks through profiling of customer segments and understanding of their business
• Review periodically the insurance portfolio and liaise with technical to make recommendations. This could result in the development of new products or enhancement of existing ones.
• Maintain relationship with internal stakeholders within CIB, PBB and Wealth.
• Maintain and improve relationship with external stakeholders which include NAICOM, insurance companies, brokers, direct Corporate clients/partners etc
• Ensure no regulatory breach is recorded against the team in conduct and in doing business.
• Analyse the performance results of competitors to bench mark the company.
• Supervise sales team members in ensuring:
• Individual member development
• Cohesive Team development
• Fostering the organisational culture.

Preferred Qualification and Experience

• First Degree in any discipline
• Professional Qualification in Insurance will be an advantage
• An MBA will also be an advantage
• Wealth Management
• Insurance 7-10 years
• In-depth knowledge of products, client management, managerial experience

Knowledge/Technical Skills/Expertise:

• Ability to grasp business models within the Insurance space pertaining to utility of various products in order to deliver on the overall strategy of the business.
• Ability to identify and dimension business risks as opportunities and engage clients to provide novel products and solutions within the overall sales and revenue strategy
• Ability to use initiative within limits of authority, investigate to obtain additional information or deal with ambiguity and present opportunities to more senior stakeholders as appropriate
• Insurance Principles : Understanding of the basic principles of insurance including good faith, insurable interest, indemnity, contribution, subrogation and proximate cause
• Ability/flexibility to negotiate re-evaluation with superiors in line with changing business needs
• Ability to identify potential problems and opportunities and pro-actively proffer solutions through the Stanbic IBTC Insurance offering in collaboration with other underlying asset and liability products

Interested and qualified candidates should:Click here to apply

Job Title: Business Development Officer

Job ID: 55289
Location: Abuja
Job Sector: Banking

Job Details

• Test Division Summary

Job Purpose

• To grow and develop insurance premium in order to deliver profitable revenue streams to the Business and Group.
• The Job holder will prospect and manage Corporates, including Insurance Brokers as channels in business development.
• Providing tactical input into Unit strategy/ies that will enhance the Group’s vision to be the leading end to end financial solutions provider.
• This will include cross sell to customers of the Group, potential customers from outside the Group and developing new market frontiers.

Key Responsibilities/Accountabilities

• Delivers on sale of insurance policies and premium income target through focus channels (Insurance Brokerage, Direct Sales & Marketing, etc) for Stanbic IBTC Insurance Limited across all product lines
• Customer retention
• Research and source potential clients and build long-term relationships with them by creating rapport through networking, cold calling and using referrals
• Consultatively engage prospective clients to engage in a phone conversation and/or meeting to discuss insurance products
• Collect information from clients on their risk profiles in order to offer them the proper solution
• Has a thorough understanding of the strategic business drivers, opportunities, challenges, needs, competition and threats inherent in the insurance environment
• Has a good knowledge and understanding of the peculiarities (renewal dates etc) of corporate institutions for the purpose of strategic engagements.
• Has a good understanding of both traditional and non-traditional competitors, their drivers, products, strengths, vulnerabilities, market share/client base and the impact that these factors have Customer Value Proposition
• Continuously monitor the market trends in the insurance industry, including regulatory and legal framework, with a view to assessing the possible impact on the insurance industry.
• Assess customers risks through profiling of customer segments and understanding of their business
• Ensure to close the loop with customers at all times. E.g. taking enquiries, ensuring prompt delivery of policy documents, proper awareness communication plan to support their decision making etc.
• Conduct financial planning sessions with members of staff of corporate clients in conjunction with their respective brokers where applicable
• Ensure simplicity in dealing all clients issues and inquiries
• Build and enhance the trust of clients and brokers to foster referrals and repeat businesses.
• Review periodically the insurance portfolio and liaise with technical to make recommendations. This could result in the development of new products or enhancement of existing ones.
• Maintain relationship with internal stakeholders within CIB, PBB and Wealth.
• Maintain and improve relationship with external customers which include insurance companies, brokers, direct Corporate clients/partners etc
• Ensure strict adherence to regulatory requirements and ensuring no regulatory breach is recorded against the team in conduct and in doing business.

Preferred Qualification and Experience

• First Degree in any discipline
• Professional Qualification in Insurance will be an advantage
• Wealth Management
• In-depth knowledge of products and client management
• In-depth knowledge of insurance products and market
• Have relationships in the Insurance Industry
• Broker/Bancassurance Management

Knowledge/Technical Skills/Expertise:
Technical Competencies:

• Insurance Technical Competencies
• Effective Business Communication
• Presentation Skills
• Compliance-Know-Your-Customer
• Brand Management
• Customer Understanding

Interested and qualified candidates should:Click here to apply