Job description

About the Company

Al Etihad Cooperative Insurance Company is a public joint-stock insurer in Saudi Arabia, established by royal decree and a Council of Ministers decision as a cooperative insurance business. It has a paid-up capital of SAR 500 million and traces its origins to United Insurance Company, founded in Bahrain in 1983 and later extended into Saudi Arabia. The company became publicly subscribed in 2008 and is listed on Tadawul under the symbol 8170.

The organization operates under the oversight of the Saudi Insurance Authority and is licensed across several insurance lines, including general, medical, motor, and protection & savings insurance. With a broad branch and outlet network across the Kingdom, the company focuses on being close to customers and delivering dependable service through a dedicated team.

Job Title

Bancassurance Relationship Manager

Role Overview

This position focuses on managing banking partnerships that support insurance distribution through bancassurance channels. The role calls for someone who can strengthen relationships with bank stakeholders, support sales growth, and help coordinate smooth delivery across internal and external teams.

Responsibilities

Develop and maintain strong working relationships with banking partners to help expand bancassurance business.
Liaise with bank stakeholders and branch staff to market insurance products and related services.
Assist in carrying out bancassurance sales plans and partnership growth activities.
Track sales results, portfolio expansion, and pipeline progress across assigned banking channels.
Deliver product briefings, engagement meetings, and training support for bank teams when needed.
Work with internal departments to ensure policies are issued efficiently and after-sales support is handled properly.
Spot opportunities to cross-sell and improve insurance uptake within banking channels.
Keep communication with banking partners clear and consistent to support service quality and client satisfaction.
Compile business performance summaries and partnership reports for management.
Follow company procedures, banking agreements, and regulatory standards at all times.

Requirements

At least 2 years of experience in bancassurance, insurance, or broker-related work.
A bachelor’s degree in Insurance, Business Administration, Finance, Marketing, or a similar discipline.
Practical understanding of bancassurance operations, partnership coordination, and sales workflows.
Familiarity with insurance products and customer relationship management practices.
Strong interpersonal, presentation, and relationship management abilities.
Capability to support partnership management and contribute to business growth efforts.
Comfort using Microsoft Office tools and business reporting systems.
Strong spoken and written communication skills in both Arabic and English.

Additional Information

This role is based in Riyadh, Saudi Arabia and follows a full-time, onsite working arrangement. No salary details, benefits, or number of vacancies were specified in the source.

Compliance and Working Context

The role involves working within banking partnerships and insurance distribution processes, with attention to compliance across company policy, partner agreements, and relevant regulatory requirements.

Who Can Apply

Professionals who meet the experience and education requirements, and who have relevant bancassurance, insurance, brokerage, or partnership management exposure, are suitable for this position.

Company Background

Al Etihad Cooperative Insurance Company is a well-established insurer in Saudi Arabia with a broad operating footprint and experience across multiple insurance categories.