Bancassurance Sales Specialist

Singapore
Permanent
Full-time

1 month ago

Job Description:As a Bancassurance Sales Specialist you'd be able to work on and solve many interesting challenges which we are facing, learn new ways of working, and help build delightful high-quality products for our customers.The ideal candidate will play a key role in driving the growth and success of our bancassurance channel by managing relationships with bank clients and promoting our comprehensive suite of insurance products. You will work closely with the bank partner to create tailored solutions that meet the financial and insurance needs of their customers, leveraging your strong expertise in insurance and sales to drive results. This is an exciting opportunity for individuals who are passionate about financial services and thrive in a dynamic, fast-paced environment.The Role Responsibility:

Sales & Relationship Management: Develop and maintain strong relationships with bank clients, driving sales of insurance products through proactive outreach and regular follow-up to ensure customer satisfaction and retention. Conduct customer needs analysis to identify gaps and ensure that customer needs are met with insurance solutions that align with their financial goals.
Product Knowledge & Consultation: Act as a subject matter expert on a wide range of insurance products, providing valuable and accurate financial advice and guidance to existing bank partner's customers. Stay up to date with the latest product offerings and market trends to effectively promote solutions that deliver optimal value.
Business Development: Identify new business opportunities and expand the bancassurance channel through effective networking, prospecting, and leveraging existing relationships with bank partners. Build a pipeline of leads and convert them into long-term clients.
Training & Mentoring: Lead, coach, and motivate a team of bancassurance consultants, ensuring that all team members meet or exceed sales targets. Provide ongoing training and support to enhance product knowledge, sales skills, and customer service excellence.
Target Achievement: Meet and exceed sales targets and KPIs, contributing to the overall growth and profitability of the bancassurance division. Use data and analytics to monitor performance and continuously improve sales strategies.
Compliance & Risk Management: Ensure proper advisory procedures and documentation while adhering to all regulatory requirements, business processes and company policies, maintaining a high standard of professionalism and ethical conduct in all interactions.

Our Ideal Candidate:

3-5 years of experience in bancassurance, financial sales, or insurance advisory roles. Experience in managing client relationships and achieving sales targets is highly preferred.
A Polytechnic Diploma or Degree in Finance, Business, or a related field is preferred.
Relevant certifications (i.e., CMFAS modules such as M5, M9, M9A, HI, BCP, PGI) will be advantageous.
Strong track record of success in sales, with a focus on achieving business growth through the bancassurance channel.
In-depth knowledge of total insurance products, including life, health, and general insurance.
Excellent communication and interpersonal skills, with the ability to build rapport and trust with clients.
Strong business acumen and the ability to identify opportunities for growth within the bancassurance channel.
Ability to work independently as well as in a team-oriented environment.

Note: This role is part of Trust Bank team. Recruitment for this role is facilitated by Income Insurance in partnership with Trust Bank.As part of the recruitment process, please note that your information will be shared with Trust Bank, Income Insurance and their respective third-party service providers and representatives (for evaluation and hiring purposes.Why Join Trust Bank

Innovative Edge: Be part of a bold, digital-first bancassurance venture reshaping how insurance is delivered.
Rewarding Growth: Competitive compensation and benefits, performance incentives, and room to grow within a fast-evolving organisation.
Career Development: Access to training, mentorship, and continuous learning opportunities.
Vibrant Culture: Work alongside a passionate, collaborative, and diverse team making real industry impact.
Balanced Living: Enjoy flexible work arrangements and wellness support for a healthy work-life balance.

Application Process:If you're a results-driven professional with a passion for digital transformation in the bancassurance space, apply now to be part of a team that's shaping the future of insurance sales.About Us:Income Insurance Limited is Singapore's leading composite insurer, offering products and services that serve the protection, savings, and investment needs of different life stages and for all segments of society.Income's innovative, data-driven and omni-channel approach puts us at the forefront of customer-centric solutions that meet rapidly evolving needs and empower better financial well-being.Income was established in 1970 and remains the only insurance co-operative in Singapore. We are committed to create a positive social impact through our products, services and people.Today, we serve more than 2 million policyholders. Our financial strength and diversified investment portfolio are reflected by our strong credit ratings which underpin the delivery of our commitment to customers.

Income Insurance

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