Head of Bancassurance, Business Development- SME Banking

BRAC Bank PLC

BRAC Bank PLC

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Summary

• Vacancy: —
• Location: Dhaka
• Experience: At least 10 years
• Published: 5 Feb 2025

Requirements

Education

• Bachelor/Honors

Minimum graduate from a UGC-approved or accredited university

Experience

• At least 10 years

Additional Requirements

• Minimum 10 years’ experience in banking and/or insurance will be given preference
• Shall be a graduate or comparable level certification from any recognized university/ institute at home/abroad
• Shall possess necessary training and/or certification as required by the IDRA
• Any other qualifications prescribed by Bangladesh Bank from time to time
• Ability to lead a dynamic team independently and adapt to changes
• Proficient in customer-centricity, results-oriented and self-propelled

Responsibilities & Context

BRAC Bank, a leading sustainable bank in Bangladesh, is committed to becoming the best bank in the country. It has pioneered SME Banking in Bangladesh and offers a comprehensive range of banking services to individuals and business entities. BRAC Bank stands out as a beacon of financial inclusion with solid financials, top credit ratings, and numerous accolades.

The bank is currently looking for an ambitious, intelligent, goal-oriented and enthusiastic individual for Head of Bancassurance, Business Development under SME Banking Division for the following position:

Head of Bancassurance, Business Development- SME Banking

KEY RESPONSIBILITIES:

• Formulate overall strategy for development of Bancassurance business
• Execute a comprehensive business strategy based on business goals that is in line with company partners and the overall strategy across all channels
• Ensure required regulatory and functional training to explain product policy, regulatory guidelines and features to acquisition channels
• Developing and executing marketing strategies to enhance brand visibility and customer awareness
• Monitor distribution business and conduct business review with Acquisition Team and reports to the Chief Bancassurance Officer
• Design incentive structure to reward acquisition channels with non- monetary rewards
• Ensure commission tracking and implement rewards and recognition program for acquisition channels
• Design insurance attachment products in collaboration with insurance partners
• Design third-party product policy to serve as guiding principles of the distribution business
• Design end-to-end process and integrate the system between bank and insurance partner
• Ensure compliance with Bancassurance Guidelines issued by Bangladesh Bank, Corporate Agent (Bancassurance guideline, 2023 issued by Insurance Development and Regulatory Authority and other applicable law
• Review of insurance partner performance (fitment, sales and service support etc.)
• Ensure proper after sales service by the sales team and handling objections and grievances and providing them with timely solutions.
• Establish, execute and oversee marketing initiatives and retention plans in collaboration with partners in line with BRAC Bank goals.

Employment Status

Full Time

Job Location

Dhaka

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