Wael Eid, Head of Bancassurance

Wael Eid

Head of Bancassurance

Emirates NBD

Location
Egypt - Cairo
Education
Bachelor's degree, Foreign Trade Economics
Experience
23 years, 11 Months

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Work Experience

Total years of experience :23 years, 11 Months

Head of Bancassurance at Emirates NBD
  • Egypt - Cairo
  • My current job since May 2010

Recent achievements:
 Exceeded 150% growth in BNPP Bancassurance production, & 100% growth in revenues in 2012
 Q2 2013 BNPP Bancassurance business is showing 24% growth in production, & 118% growth in revenues
Key Roles:
 General Management of the implementation of the Bancassurance partnership agreements between BNPP & insurance services & products providers.
 Yearly distribution of Bancassurance acquisition & revenue budgets among bank network branches according to set KPIs, geographic locations & branches’ portfolio segmentation
 Identify new business opportunities & developing new strategies for business expansion across new product lines, and customer segments to guarantee continuous business growth.
 Managing business progress, sales, product development, motivational activities, incentive schemes, marketing & promotional activities.
 Managing products’ acquisition channels individual & corporate, through 60 branches, for optimizing productivity & profitability.
 Help all bank departments in all insurance activities & regulations.
 Negotiating & recommending group credit life offerings on yearly renewals to cover bank’s assets portfolio.
 Managing regular improvements in processes & service levels, to enhance production & quality, & to manage a growing portfolio of thousands of clients.
 Managing products MIS reports & regular feedback, for bank senior management, to review overall product portfolio growth, & profitability margins.
 Reporting to Senior GM Head of Retail Banking

Head of Bancassurance at Piraeus Bank Egypt
  • Egypt - Cairo
  • July 2008 to May 2010

Managed all Bancassurance activities & insurance related issues of the retail banking division.

Head of Retail Collections (2009)
 Managed retail collection department for a year, acting as Head of Retail Collections, including in-house teams & outsourced collection offices.
 Developed new structure in retail collections that included different collection teams for various retail products.
 Managed the expansion of the department to ensure its effectiveness & efficiency, & to carry out huge data cleansing projects & restructuring processes (from 9 to 52 agents & team leaders), all internal transfers.
 Developed the UAT team for testing & evaluating new collection system (eIspraxis) of an international vendor (EXODOS).
 Managed the launch of the (eIspraxis) system with a team from Piraeus Group Greece, & EXODOS (Vendor), & conducted its training to the collection team, team leaders, & admin team.

Corporate Relationship Manager at DAMAC Properties Egyptq
  • Egypt - Cairo
  • April 2007 to July 2008

Recruited & managed corporate agents for New Cairo sales office.
 Trained properties consultants of corporate agents.
 Conducted regular sales & services meetings with team leaders & branches’ managers of corporate agents to improve their teams’ performance & motivate them to focus on DAMAC’s products through a motivating commission scheme & other corporate motivational program.
 Reported to the Vise President of Sales.

Bank Relationship Executive at Allianz Life Assurance Co. Egypt
  • Egypt - Cairo
  • April 2003 to April 2007

Bank Relationship Executive
Was Area Supervisor, Insurance Coordinator, & Insurance Specialist
 Participated with Allianz Bancassurance team in the work out of business plans, with partner banks.
 Worked out plans, analysis & assessment for quality of work of bank’s branches
 Organized weekly meetings with the bank Bancassurance & retail management, to analyze the position given from MIS in order to control & track overall sales activity of the bank.
 Developed good & efficient relationship with branches' managers, as well as bank's retail management, whom in charge of Bancassurance acquisition & development, to cooperate & improve business growth.
 Managed, organized, assisted, & coached, a team of Insurance Coordinator in their marketing efforts to sell life assurance products, within the bank branches, & to coach the branches’ staff.
 Achieved & exceeded agreed bank’s business plan in 2005, & 2006, participated in increasing Bancassurance sales in HSBC Bank Egypt, from EGP 12 million GWP, to EGP 18 million GWP in 2006.
 Created a various motivational plans to the bank's staff with bank's Bancassurance development management, to over achieve our business plans.
 Reported to Head of Bancassurance Unit.

Account Manager at PICO Int’l for exhibitions and special events
  • Egypt - Cairo
  • June 2000 to April 2003

Promoting company services to clients

Education

Bachelor's degree, Foreign Trade Economics
  • at Helwan University
  • June 2002

Specialties & Skills

Sales Management
Bancassurance
Retail Banking
Insurance
Wealth Management
Quantitative analysis
Bancassurance
Product & process development
Retail banking
Credit insurance
Relationship management

Languages

Arabic
Expert
English
Expert
French
Beginner

Hobbies

  • Snorkeling, Fishing, Roaming