Assistant Business Developer at APA Life Assurance Company Ltd

KEY PRIMARY RESPONSIBILITIES

• Collaborate with various departments to identify and exploit cross-marketing opportunities.
• Develop and implement strategies to increase cross-selling and up-selling to existing clients.
• Monitor the renewal process to ensure timely engagement with clients.
• Communicate effectively with clients to discuss renewals, address their needs, and offer appropriate insurance solutions.
• Ensure renewals engagements are completed within set company timelines.
• Engage the reinsurance team promptly on various classes of cover.
• Negotiate policy terms and premiums to ensure they are agreed upon in a timely manner.
• Ensure risk surveys are conducted for risks classified under CLASS 3, 4, and 5.
• Oversee the implementation of recommendations for risk improvement based on survey findings.
• Ensure full adherence to the underwriting branch manual.
• Maintain accurate and up-to-date underwriting records.
• Recruit and manage relationships with intermediaries to foster strong partnerships.
• Ensure the best possible relationship with intermediaries through consistent communication and support.
• Provide timely and accurate insurance quotations to clients and intermediaries.
• Ensure all quotations are competitive and meet client needs.
• Ensure full compliance with Know Your Customer (KYC) requirements.
• Adhere to all regulatory and company policies, including credit control measures.
• Monitor and manage the credit control process to ensure timely payment of premiums.
• Work closely with the finance team to resolve any issues related to premium payments
• Any other work that may be allocated to you by your supervisor.

ACADEMIC QUALIFICATIONS

Bachelor's degree in Finance, Accounting, Business Administration, or a related field.

JOB SKILLS AND REQUIREMENTS

• Excellent communication and negotiation skills.
• Client-focused with a commitment to delivering exceptional service
• Strategic thinking and business acumen
• Analytical skills
• Presentation skills
• Communication and interpersonal skills
• Numerical Skills

PROFESSIONAL QUALIFICATIONS

• AIIK Diploma/CII

EXPERIENCE

• At least 4 years relevant experience
• Strong understanding of underwriting principles, risk assessment, and insurance products