BUSINESS DEVELOPMENT MANAGER – BANCASSURANCE

About Us

CIC Insurance Group is a leading insurance and financial services organisation with more than five decades of experience helping individuals, families, and organizations achieve financial security.

We have grown into a dynamic Group offering life, general, micro insurance, asset management, and investment solutions, with operations in Kenya, Uganda, South Sudan, and Malawi, and are listed on the Nairobi Securities Exchange.

Our tagline, “We Keep Our Word,” reflects our unwavering commitment to integrity, transparency, and delivering on our promises to our clients, partners, and communities.

CIC Group is passionate about innovation, digital transformation, and inclusive insurance solutions that meet the evolving needs of cooperatives, SMEs, corporates, and individuals. By joining us, you will be part of a team that is shaping the future of financial protection across Africa.

About the Role

Reporting to the Head of Sales – Retail, the role holder will generate revenue through the distribution of retail life products in the alternative channels i.e. banks, saccos, brokers and independent agents and to develop a model that will maximize retail life business acquisition from the partners.

Key Responsibilities

Partnership Development

• Identify, engage and onboard strategic partners (co-operatives, banks, MFIs, Brokers and independent agents)
• Negotiate and manage contracts with partners
• Conduct regular reviews with key partners to ensure mutual value creation
• Sponsorships, review and recommend
• Recommend a decision or action-Through market intelligence in collaboration with partners give recommendation towards enhancing and growth of partnerships.

Sales and distribution management

• Build and maintain a professionally trained salesforce according to the channel’s manpower target.
• Oversee sales team productivity to meet and exceed retail life targets
• Participate in Develop targets

Recruitment & Resource management

• Actively participate in recruitment and training of assistant regional managers alternative channels team leaders and sales officers

Channel innovation and expansion

• Monitor and optimize channel performance through market intelligence and constant engagement with partners
• Feed product development on areas of product development as per the partners needs

Training and capacity building

• Train and educate partners (co-operatives, banks, MFIs, brokers and independent agents) to build retail life knowledge for better collaboration through morning hurdles and other organized meetings.

Monitoring, evaluation and compliance

• Provide sales reports, partner impact and risk areas.
• Ensure the sales team Strictly adhere to all regulations, standards, practices and all internal sales processes and procedures as set out by the company and comply with all relevant external legislation and regulations with regard to Compliance requirements.

Budgeting

• Performance incentives
• Expense approvals

Who We’re Looking For

Essential Knowledge/Skills and Experience Required:

• Bachelors degree in a related field (Commerce, Insurance, Economics etc)
• Certificate of Proficiency
• Diploma in Insurance/LOMA
• Minimum of 7 years of relevant experience with 4 years in supervisory capacity.