Bancassurance Relationship Manager📣 Job Ad

About the Bancassurance Relationship Manager Role

Al Etihad Cooperative Insurance Company is seeking a Bancassurance Relationship Manager to join its team in Riyadh. This full-time position requires 2-5 years of experience in bancassurance or a related field. Al Etihad Cooperative Insurance Company is a public joint-stock company established in Saudi Arabia, with a paid-up capital of 500 million Saudi Riyals. It operates under the supervision of the Saudi Insurance Authority, offering a wide range of insurance types including general, medical, motor, and protection & savings insurance.

Key Responsibilities

The Bancassurance Relationship Manager will be responsible for:

• Building and managing strategic relationships with banking partners to drive bancassurance business growth.
• Coordinating with bank stakeholders and branch teams to promote insurance products and services.
• Supporting the execution of bancassurance sales strategies and partnership development initiatives.
• Monitoring sales performance, portfolio growth, and business pipeline across assigned banking channels.
• Conducting product presentations, engagement sessions, and training for bank teams as needed.
• Collaborating with internal departments to ensure efficient policy issuance and after-sales service.
• Identifying opportunities for cross-selling and increasing insurance penetration within banking channels.
• Maintaining effective communication with banking partners to enhance service quality and client satisfaction.
• Preparing business performance reports and partnership updates for management.
• Ensuring compliance with company policies, banking agreements, and regulatory requirements.

Qualifications and Experience

Candidates for this role should possess:

• A minimum of 2 years of experience in bancassurance, insurance, or with Brokers.
• A Bachelor's degree in Insurance, Business Administration, Finance, Marketing, or a related field.
• A solid understanding of bancassurance operations, partnership management, and sales processes.
• Knowledge of insurance products and customer relationship management practices.

Required Skills and Competencies

Successful candidates will demonstrate:

• Strong communication, presentation, and relationship-building skills.
• The ability to manage partnerships and support business growth initiatives effectively.
• Proficiency in Microsoft Office applications and business reporting tools.
• Good verbal and written communication skills in both Arabic and English.

Company Overview

Al Etihad Cooperative Insurance Company, established in the Kingdom of Saudi Arabia, is an extension of United Insurance Company, founded in Bahrain in 1983. The company was listed on the Saudi Stock Exchange (Tadawul) in 2008. With extensive experience and a commitment to customer service, Al Etihad Cooperative Insurance Company is recognized as a pioneer in the Kingdom's insurance industry. The company maintains a wide network of offices and regional outlets to ensure customer proximity and a dedicated team focused on delivering high service standards.