Overview
Broker Relationship Manager Jobs in Riyadh, Saudi Arabia at Al Etihad Cooperative Insurance Co
Title: Broker Relationship Manager
Company: Al Etihad Cooperative Insurance Co
Location: Riyadh, Saudi Arabia
Who Are we?
Al Etihad Cooperative Insurance Company is a public joint-stock company established in the Kingdom of Saudi Arabia under a decision from the Council of Ministers and a royal decree as a cooperative insurance company. The company’s paid-up capital is 500 million Saudi Riyals. The company is an extension of United Insurance Company, which was founded in the Kingdom of Bahrain in 1983 as a foreign company to conduct insurance operations in Saudi Arabia. In 2008, the company was listed for public subscription and was registered in the Saudi Stock Exchange (Tadawul) under the symbol 8170.
The company is subject to the supervision and regulation of the Saudi Insurance Authority and is licensed to operate in all types of insurance, including general insurance, medical insurance, motor insurance, and protection & savings insurance.
The company’s experience and commitment to serving its customers have made United one of the pioneers in the insurance industry in the Kingdom. The company also has a wide network of offices and regional outlets to ensure proximity to its customers across the Kingdom. Additionally, the company has a dedicated team that strives to deliver the highest level of service to its clients.
Job Title: Broker Relationship Manager
Main objectives:
Focusing on business growth enhancement and managing broker relationships. This includes seeking new business opportunities, managing existing accounts through brokers, and collaborating with departments to achieve organizational goals.
Qualifications and Requirements:
- 2+ years of experience in bancassurance, insurance, Brokers
- Bachelor’s degree in insurance, Business Administration, Finance, Marketing, or a related field.
- Good understanding of bancassurance operations, partnership management, and sales processes.
- Knowledge of insurance products and customer relationship management practices.
- Good communication, presentation, and relationship-building skills.
- Ability to manage partnerships and support business growth initiatives.
- Proficiency in Microsoft Office applications and business reporting tools.
- Good verbal and written communication skills in both Arabic and English.
Key Responsibilities:
- Build and manage strategic relationships with banking partners to support bancassurance business growth.
- Coordinate with bank stakeholders and branch teams to promote insurance products and services.
- Support the execution of bancassurance sales strategies and partnership development initiatives.
- Monitor sales performance, portfolio growth, and business pipeline across assigned banking channels.
- Conduct product presentations, engagement sessions, and training activities for bank teams when required.
- Collaborate with internal departments to ensure smooth policy issuance and after-sales service delivery.
- Identify opportunities for cross-selling and increased insurance penetration within banking channels.
- Maintain effective communication with banking partners to enhance service quality and client satisfaction.
- Prepare business performance reports and partnership updates for management review.
- Ensure compliance with company policies, banking agreements, and regulatory requirements.
