Manager Bancassurance job at Housing Finance Bank

JOB DETAILS:
Housing Finance Bank is regulated by Bank of Uganda. Customer deposits are protected by the Deposits Protection Fund up to UGX 10 million, Terms and Conditions apply.
Housing Finance Bank is the leading provider of housing finance solutions with a vision to be the preferred consumer and business bank with a focus on housing finance. To attain its strategic objectives efficiently and effectively, Housing Finance Bank is seeking to hire a qualified, versatile, and self-driven individual for the position stated below;

Job Title: Manager Bancassurance
Department: Mortgage & Consumer Banking
Reports To: Head Mortgage & Consumer Banking
Grade: HFB 6A
Direct Reports: Direct- Reconciliation & Underwriting Officer,
Bancassurance Sales Officer
Indirect – Branch Teams
Interacts/interfaces with:
Internal – All departments, Branch Teams
External – Customers, Insurance companies, Insurance Training College, Insurance Regulatory Authority, Uganda Insurers Association, Auditors

Job Purpose
To drive growth of insurance business as per set targets and in line with the bank’s strategy while managing risk in line with regulatory framework, policies and procedures.

Key Result Areas
• Establish and drive the Bancassurance strategy in line with overall bank’s objectives while ensuring that the Insurance Regulatory Authority (IRA) and Bank of Uganda (BOU) guidelines on Bancassurance are adhered to.
• Monitor overall performance of the branches as well as that of specified persons to ensure that the annual targets are achieved and implement strategies to achieve these targets.
• Ensure compliance to Bancassurance regulations through reporting and collections.
• Liaise with insurance companies to ensure service level agreements are adhered to with minimal delays in claims settlement and premium collections.
• Ensure continuous product reviews, craft and develop new products as well as enhance existing ones depending on the market and customer need changes as informed by market intelligence.
• Design and implement service experience and carry out training of specified persons and front office staff to ensure delivery of exceptional service to customers.
• Continuously monitor and review process flows and ensure availability and reliability of the systems for seamless agent transactions.
• Ensure renewal of Bancassurance licenses annually as well as initiate and ensure establishment of a tariff for insurance products.
• Creating awareness and improving staff knowledge and understanding of the market products.
• Ensure compliance with all statutory requirements in line with the industry regulations.
• Ensure all disputes from all parties are handled and closed in time to avoid reputational damage.
Financial Responsibility:
• Develop and implement strategic plans to increase bancassurance sales to meet the set Non funded Income targets

Person Specifications
Education & Training
1. An honors degree in Business Administration, Commerce, Quantitative Economics and Business Statistics or any other related field from a recognized University.
2. Diploma in Insurance or Insurance related qualification

Skills & Experience
Four (4) years’ experience in insurance in areas of underwriting, claims, finance or regulation

Business Behaviours
1. Strong networking and interpersonal skills
2. Excellent relationship management skills and business closure techniques
3. Proven people, leadership, and negotiation skills
4. Strong risk analytical skills.

Work Hours: 8

Experience in Months: 48

Level of Education: Bachelor Degree

Job application procedure

Interested candidates should submit their applications with a recent CV, copies of all academic transcripts, certificates and testimonials, daytime telephone contact, postal and email address and three competent referees not later than Monday, 19th August 2024 by 5:00pm for Manager Bancassurance and not later than Friday, 16th August 2024 by 5:00pm for Applications/Software Developer to:

Chief Human Resources Officer
Housing Finance Bank
Investment House
4 Wampewo Avenue, Kololo

Please take note that all applications should be sent by email to recruitment@housingfinance.co.ug

DO NOT HAND DELIVER YOUR APPLICATION.

Please take note that this advert is both internal & external. ONLY shortlisted candidates will be contacted, and any form of canvassing will lead to automatic disqualification.

Guidelines for submitting Documents

1. Ensure that all your documents are scanned and submitted in 1 single batch using the following order:
   • Application letter
   • Curriculum Vitae (CV)
   • Academic Documents and Certificates
2. The maximum document size is 10 MB
3. Please indicate the name of the position you are applying for in the subject