Description
About the Role
The Unit Manager position at NIC Life Assurance Company Limited presents an exciting opportunity for individuals eager to lead and inspire a team of insurance agents. As a subsidiary of NIC Holdings Limited, NIC Life Assurance plays a crucial role in providing financial security to its clients in Uganda. This role is pivotal in driving sales and maintaining high standards of agent performance and compliance. In the initial months, you will immerse yourself in team dynamics, establish sales strategies, and support your agents in achieving their targets while fostering a culture of growth and ethical practices.
Key Responsibilities
- Recruit and onboard at least 15 active insurance agents, utilizing targeted outreach programs and incentive schemes to boost sales performance and achieve key productivity metrics.
- Conduct regular field supervision to assess agent activities, holding weekly team meetings and daily huddles to provide real-time feedback that enhances performance and accountability.
- Identify training needs through comprehensive performance reviews and skill assessments, subsequently organizing tailored coaching sessions, workshops, and product training to advance agent capabilities.
- Prepare and submit thorough weekly progress reports covering sales volumes, policy persistency, agent engagement levels, and variance analysis to the Chief Operations & Business Development Officer.
- Develop and implement innovative, data-driven sales strategies that are aligned with both company objectives and evolving market trends to ensure sustainable growth and profitability.
- Ensure adherence to Insurance Regulatory Authority guidelines, company policies, and the Code of Ethics by conducting regular audits and providing ongoing agent training and corrective action plans.
- Maintain high policy persistency rates by proactively monitoring renewal dates, addressing client concerns, and executing retention initiatives that enhance customer satisfaction and reduce lapse rates.
Requirements & Qualifications
- A bachelor’s degree in business administration, marketing, finance, or a related field from a recognized university, showcasing strong academic performance and analytical skills.
- A valid insurance agent license issued by the Insurance Regulatory Authority is essential; candidates must be willing to secure this license within the first three months of employment.
- At least two years of demonstrated experience in insurance sales, agent recruitment, or team leadership within Uganda’s financial services sector with a solid record of achieving sales targets.
- Exceptional communication, interpersonal, and coaching skills are required to effectively motivate diverse teams and manage conflicts while upholding high ethical standards.
- Proficiency in Microsoft Office applications is necessary for reporting and communication purposes.
What You’ll Gain
- Develop leadership skills through hands-on experience in managing and inspiring a team of agents, preparing you for advanced managerial roles in the insurance sector.
- Enhance your strategic thinking and sales management skills by working with data-driven approaches that inform decision-making and drive business success.
- Gain extensive industry knowledge and insights into the financial services sector, equipping you with the expertise to navigate challenges and capitalize on opportunities.
- Experience a supportive work environment that values professional growth, ethical practices, and teamwork, fostering a culture of continuous improvement and success.
How to Apply
If you are ready to take on this dynamic role and contribute to the success of NIC Life Assurance, please submit your application. For detailed instructions on how to apply, visit Apply here.