Senior Bancassurance Specialist

Job Title: Senior Bancassurance Specialist

Location: United Arab Emirates (Remote)

Employment Type: Full-Time

Work Arrangement: 100% Remote — Work From Home

Level: Senior

About the Role

We are seeking an experienced Senior Bancassurance Specialist to support the development, management, and performance optimization of insurance distribution partnerships with banks and other financial institutions. The role focuses on coordinating bancassurance operations, monitoring sales performance, supporting product distribution strategies, reviewing partnership documentation, and strengthening collaboration between insurance providers and banking partners.

The successful candidate will work remotely with bank relationship teams, insurance product specialists, underwriting, compliance, operations, and distribution stakeholders to improve customer experience, business performance, and partnership effectiveness. The position requires strong knowledge of insurance products, banking distribution channels, relationship management, and applicable regulatory requirements.

Key Responsibilities

• Coordinate bancassurance activities and maintain effective working relationships with banking partners and insurance distribution stakeholders.
• Support the development and implementation of bancassurance business plans, sales strategies, and partnership objectives.
• Monitor insurance sales performance across bank branches, digital banking channels, relationship management teams, and other distribution platforms.
• Analyze sales volumes, premium production, policy conversion rates, renewal performance, and product penetration.
• Coordinate with bank relationship managers and insurance sales teams to support product knowledge and distribution effectiveness.
• Review bancassurance product proposals, sales materials, policy documentation, and customer communication content.
• Support the introduction and distribution of life, health, savings, protection, and general insurance products through banking channels.
• Monitor customer application workflows, policy issuance progress, renewal activities, and outstanding documentation.
• Coordinate with underwriting and policy administration teams to resolve application processing issues and service delays.
• Review partnership service-level agreements, operational procedures, commission arrangements, and performance commitments.
• Support the preparation and review of bancassurance partnership agreements and related operational documentation.
• Monitor commission calculations, premium reconciliation reports, and distribution-related financial records.
• Analyze customer feedback, complaints, service issues, and policy cancellation trends to identify improvement opportunities.
• Coordinate product training, sales guidance, and operational updates for banking distribution teams.
• Support compliance monitoring relating to insurance product disclosures, customer suitability processes, sales conduct, and documentation standards.
• Monitor changes in insurance and banking regulations affecting bancassurance distribution arrangements.
• Prepare management reports covering partnership performance, premium production, product mix, distribution efficiency, and customer retention.
• Identify opportunities to expand product penetration, improve cross-selling effectiveness, and strengthen partner engagement.
• Support digital bancassurance initiatives, system integration coordination, and improvements to customer application journeys.
• Contribute to business reviews, partnership performance meetings, and strategic planning discussions.

Qualifications and Experience

• Bachelor's degree in Insurance, Finance, Banking, Business Administration, Marketing, or a related discipline.
• Typically 5–8 years of experience in bancassurance, insurance distribution, banking partnerships, financial services, or insurance relationship management.
• Strong understanding of bancassurance business models and insurance distribution through banking channels.
• Knowledge of life insurance, general insurance, health insurance, savings, and protection products.
• Experience coordinating relationships between insurance providers, banks, brokers, and distribution teams.
• Understanding of insurance policy administration, underwriting workflows, premium collection, renewals, and claims coordination.
• Familiarity with sales performance monitoring, commission structures, partnership agreements, and distribution economics.
• Knowledge of applicable UAE insurance and banking regulatory requirements.
• Understanding of customer protection, fair sales practices, product disclosure, and customer suitability principles.
• Experience using insurance administration platforms, CRM systems, banking applications, and performance reporting tools.
• Strong analytical and commercial skills, including the ability to interpret sales trends and partnership performance data.
• Excellent relationship management, negotiation, presentation, and communication skills.
• Ability to coordinate multiple stakeholders and manage competing priorities in a fully remote environment.
• High standards of professional integrity, confidentiality, and customer service.
• Relevant qualifications such as CII, ACII, LOMA, or equivalent insurance and financial services credentials are advantageous.

What We Offer

• A fully remote, work-from-home position based in the UAE.
• Opportunities to support strategic insurance distribution and banking partnership initiatives.
• Collaboration with banking, insurance, compliance, and commercial professionals.
• Exposure to diverse insurance products and financial services distribution models.
• Professional development and opportunities for career advancement.

How to Apply

Interested candidates should submit an updated CV highlighting their bancassurance experience, insurance product knowledge, banking partnership exposure, sales performance management capabilities, and relevant professional qualifications.

Application Subject: Application – Senior Bancassurance Specialist (UAE Remote)

Candidates should confirm applicable employment arrangements, residency requirements, and work authorization before accepting an offer.

Remote-work scope and authorization: This position covers remote partnership coordination, digital product support, sales performance analysis, documentation review, training coordination, and operational oversight. In-person customer identification, physical document verification, original document handling, and local banking procedures must be performed by qualified local personnel where required. Binding insurance underwriting decisions, policy issuance approvals, regulated insurance advice, customer suitability determinations, premium or commission commitments outside delegated authority, payment releases, formal partnership approvals, regulatory filings, and statutory compliance certifications must be completed or authorized by appropriately licensed or designated insurance, banking, legal, or compliance professionals.