executive search, executive search jobs, Cooper Fitch

Head of Bancassurance / General Manager

Riyadh, Saudi Arabia
Job Type:
Post date:
October 17, 2017

Cooper Fitch has been retained by a leading banking and insurance provider in Riyadh, Saudi Arabia and is recruiting for a Head of Bancassurance /General Manager reporting to the Head of Sales with 20 + direct reports. The successful candidate will have full P & L authority and will execute and approve all actions within budget.

Role Responsibilities

  • Support, train and manage the team of insurance specialists. Drive growth and profit via daily sales monitoring, reviewing sales models, and developing new opportunities and channels in Direct Marketing, corporate, in branch and credit life within the bank to increase the penetration of insurance.
  • Manage relationships with the bank for execution and implementation of the agreed strategies and tactics in Bancassurance.
  • Full executive operation with full responsibility of recruitment, expenses, generating topline, ensuring healthy Loss Ratio, maximizing commission and overall profitability.
  • Support the bank's sales team on insurance products and sales skills.
  • Develop tools and sales tactics to enhance sales opportunities. Identify new segments and evaluate sales promotional activities.
  • Manage branch network sales and liaise with Heads and Distribution Manager to ensure delivery and successful launch of the segmented product.
  • Implement distribution projects across the bank.


  • 7- 12 years of insurance experience.
  • Proven track record in Bancassurance, distribution, product knowledge across general, life, medical and motor.
  • Experience in a banking environment.
  • Run or set up a Bancassurance operation
  • Bachelor Degree, MBA preferred
  • European experience in the bancassurance sector.

Package Benefits

  • Generous tax-free salary with bonus.
  • Fully paid medical insurance for individual and family
  • Annual return flights for individual and family to one's home country.
  • Education allowance for children.
  • Fitness /gym allowance.

Alan Hynes specialises in the banking and financial services market for Cooper Fitch, he actively recruits for banking jobs and financial services jobs.

Cooper Fitch have successfully been recruiting for banking and financial services jobs in the Middle East since 1997, please contact Alan directly for further information.

Thank you for your enquiry. A member of our team will be in touch with you shortly.