Vice President – Microinsurance

Guardian Life Insurance Limited

Guardian Life Insurance Limited

 

Guardian Life Insurance Limited

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Summary

  • Vacancy: —
  • Location: Dhaka
  • Salary: Negotiable
  • Experience: At least 8 years
  • Published: 1 Mar 2025

 

Requirements

Education

  • Master of Business Administration (MBA)

Preference would be given to candidates having specialized insurance sales education.

Experience

  • At least 8 years

Additional Requirements

Managerial skills:

  • The job holder should have a high level of managerial ability/self-confidence and be able to work with minimal supervision.
  • Motivate and develop the Micro Department sales team members.
  • Maintain a high level of communication with the Micro Sales Team.
  • Ensure good inter-department coordination and communications.
  • Specialized & Technical Skill:
  • Previous experience in life insurance industry at a mid management level is preferred but not essential.

Other Skills:

  • Ideally, the job holder would have good micro industry connections at a senior level.
  • Able to produce written business reports/correspondence in English and Bangla.
  • Excellent communication and strong interpersonal Skills with the ability to work collaboratively across the organization.
  • Strong commercial acumen and able to work in high a pressure environment.
  • Excellent verbal communication skills, self-motivated to achieve aggressive targets.

Responsibilities & Context

Business Development:

  • Develop the Micro Insurance customer segment in line with GLIL’s Strategic and Annual Business Plans.
  • Develop contacts at a senior level with existing and prospective MFIs, Agent Banks, Cooperatives etc. to distribute GLIL Microinsurance products through their nationwide networks.
  • Oversee the introduction of new products and tailoring of existing products to the Bangladesh Microinsurance market.
  • Grow revenues by exploring new business opportunities to increase access to additional market segments.
  • Maintaining and developing strong partnership relationships with the existing & prospective clients.
  • Supervises overall the performance of the micro insurance sales team.
  • Preparation of various statements for HoD.

Customer Satisfaction and Retention:

  • Identify industry best practices and ensure GLIL provides the best customer relationship experience and support to our customers.
  • Recommend processes to increase customer satisfaction and retention.
  • Engage customers in regular discussions to transfer knowledge about GLIL’s product offerings/solutions and understand their issues/ concerns.
  • Coordinating with customer servicing staff to ensure timely service.

Product Innovation & Diversification:

  • Provide feedback from market and customers to HoD for continuous improvement/ ideation for new product and processes.
  • Provide accurate and timely competitor updates/ best practices.
  • Recommend customized products meeting customers’ need.
  • Identify and meet customer needs and product gaps in total product/ service offering.
  • Ensure products, services and operations are regulatory compliant.
  • Review, monitor and report on market and competitor activities and take necessary measures to revise the company’s plans if required to protect and aggressively grow market share.

Skills & Expertise

Financial Services

Life Insurance

Micro Finance

Sales

Compensation & Other Benefits

  • Mobile bill, Performance bonus, Weekly 2 holidays, Insurance, Gratuity, T/A, Provident fund
  • Lunch Facilities: Partially Subsidize
  • Salary Review: Yearly
  • Festival Bonus: 2

Employment Status

Full Time

Job Location

Dhaka

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