Analytical skills
Agency Managers need analytical ability to assist executives in making decisions that affect their organisation.
Agency Managers
Descriptions & Duties
- Agency Managers own or control an agency. They formulate and execute sales and promotion programmes. They recruit, supervise and train agents to acquire new business and serve existing policyholders. They also personally contact clients to promote sales.
Generic Competencies
Physical Abilities
Physical abilities
- Physical strength
- Eye hand coordination / precision / dexterity
Importance:1 (Max:5)
Skill is rarely required
Technology Skills
Technology skills
- Computer literacy
- Application of technology
Importance:3 (Max:5)
Skill is basically required
Cognitive Abilities
Cognitive abilities
- Creativity
- Visualisation
- Logical thinking
Importance:3 (Max:5)
Skill is basically required
Comprehension And Expression
Comprehension and expression skills
- Reading comprehension
- Oral / written expression
Importance:3 (Max:5)
Skill is basically required
Social Skills
Social skills
- Communication
- Negotiation
- Persuasion
Importance:5 (Max:5)
Skill is required all the time
Organisation And Execution Skills
Organisation and execution skills
- Planning
- Organising
- Judgement
- Decision making
Importance:4 (Max:5)
Skill is frequently required
Problem Solving Skills
Problem solving skills
- Ability to solve simple and complex problems effectively and efficiently
Importance:5 (Max:5)
Skill is required all the time
Management Skills
Management skills
- Leadership
- Management of finance / time / people / other resources
Importance:5 (Max:5)
Skill is required all the time
Trade Specific Competencies
Detail oriented
In preparing and analysing reports, Agency Managers must pay attention to details.
Mathematics skills
Agency Managers must be skilled in math, including algebra. An understanding of international finance and complex financial documents is important.
General Requirements
Academic qualification
usually have professional qualification in insurance and/or investment, preferably with a bachelor /master's degree. Sometimes, insurance agent with many years of experience can become an insurance sales manager.
Professional qualification
Fellow, Life Management Institute (FLMI), Certified Financial Planner (CFP), Passes in the Insurance Intermediaries Qualifying Examinations
Experience
at least 3-5 years' relevant experience
Career Path & Salary
Private Sector
Monthly Salary $20,000-$30,000
Monthly Salary $30,000-$40,000
Monthly Salary $60,000-$80,000
Monthly Salary > $100,000
Related Education & Training
Professional Diploma/ Certificate
Work Environment
- Agency Managers generally work full time, and often work additional hours including some evenings and weekends. They often go to meetings.
