Business Development Executive

Overview

Our client, a leading insurance company is recruiting a Business Development Executive to act as an intermediary between clients and insurance companies. Clients may be either individuals or commercial businesses and organizations; to find and arrange suitable insurance policies and arrange cover; to act in the interest of the clients and offer products from the wide range of insurers to ensure that clients get the best deal; to work towards achieving the company’s performance targets

Responsibilities

Customer service

• Gathering information from clients, assessing their insurance needs and risk profile;
• Handling and managing clients, assessing their insurance requirements and preparing insurance quotations for the same, taking into account underwriting requirements
• Identifying and foreseeing clients' insurance needs,
• Researching insurance companies' policies and negotiating with underwriters to find the most suitable insurance policy/ cover for clients at the best price;
• Advising clients on risk management and helping to devise new ways to mitigate risks;
• Collecting insurance premiums;
• Ensuring that all the company’s customers are satisfied and delighted through efficient and effective service delivery

Marketing

• Building and maintaining ongoing relationships with clients including scheduling and attending meetings and understanding the nature of clients' businesses;
• Marketing and acquiring new clients;
• Sourcing and identifying new business opportunities either individual based or commercial based;
• Participating in tenders, RFQs, EOI.
• Ensuring we reach targets, Renewal retention, customer satisfaction.

Other duties

• Keeping up with changes in the insurance market and in the clients' industries;
• Developing relationships with underwriters, surveyors, risk managers, valuers and other related professionals;
• Ensuring policy owner service standards are met in the primary focus areas being, market identification, acquisition, retention and growth
• Other duties that may be assigned from time to time

Additional education

• Degree holder or Diploma in relevant field
• Diploma AIIK / CII in Professional Insurance papers (completed or ongoing)

Experience

Additional experience

• Minimum 5 Year in Insurance Brokerage (Sales / Marketing, Underwriting and/or Claims position) Experience in BD in brokerage firm will be an added advantage
• Age – up to 40 years
• Driving License (preferrable)

Additional skills

• Excellent presentation and public speaking skills
• Strong project management skills and the ability to manage multiple projects at once
• Strong understanding of financial and business metrics and the ability to use data to inform decision-making
• Ability to think creatively and develop new and innovative solutions to business challenges
• Strong knowledge of digital marketing and the ability to leverage digital tools and platforms to drive business growth
• Have excellent organizational skills, strong communication abilities, and a keen attention to detail.
• They should also be able to work well under pressure and be able to think on their feet.
• This position requires a high level of flexibility and the ability to work independently as well as part of a team.

Terms and conditions

All applications are to be submitted before 18th September 2023