About the Role
Al Etihad Cooperative Insurance Company, a public joint-stock company in Saudi Arabia and an extension of United Insurance Company (established 1983 in Bahrain), is seeking a Broker Relationship Senior Manager. The company is listed on the Saudi Stock Exchange (Tadawul) under symbol 8170 and is licensed for all types of insurance, including general, medical, motor, and protection & savings. With a network of offices across the Kingdom, Al Etihad Cooperative Insurance Company is committed to providing a high level of service.
This position is integral to driving the growth of the bancassurance business by developing and managing strategic relationships with banking partners. The role involves coordinating with bank stakeholders, promoting insurance products, and supporting sales strategies to enhance business growth and client satisfaction.
Key Responsibilities
- Build and manage strategic relationships with banking partners to support bancassurance business growth.
- Coordinate with bank stakeholders and branch teams to promote insurance products and services.
- Support the execution of bancassurance sales strategies and partnership development initiatives.
- Monitor sales performance, portfolio growth, and business pipeline across assigned banking channels.
- Conduct product presentations, engagement sessions, and training activities for bank teams as needed.
- Collaborate with internal departments to ensure smooth policy issuance and after-sales service delivery.
- Identify opportunities for cross-selling and increased insurance penetration within banking channels.
- Maintain effective communication with banking partners to enhance service quality and client satisfaction.
- Prepare business performance reports and partnership updates for management review.
- Ensure compliance with company policies, banking agreements, and regulatory requirements.
Qualifications and Requirements
- A Bachelor's degree in insurance, Business Administration, Finance, Marketing, or a related field.
- A minimum of 2 years of experience in bancassurance, insurance, or with brokers.
- Good understanding of bancassurance operations, partnership management, and sales processes.
- Knowledge of insurance products and customer relationship management practices.
- Proficiency in Microsoft Office applications and business reporting tools.
- Good verbal and written communication skills in both Arabic and English.
Required Skills
- Bancassurance
- Insurance
- Brokers
- Partnership Management
- Sales Processes
- Insurance Products
- Customer Relationship Management
- Communication
- Presentation Skills
- Relationship-building
- Business Growth Initiatives
- Microsoft Office Applications
- Business Reporting Tools
Work Environment and Details
This is a full-time position based in Jeddah, Makkah. The role requires 2-5 years of experience. The company operates across the Kingdom of Saudi Arabia.
