Business Developer at APA Life Assurance Company Ltd

This position is responsible for developing quotations, scrutinizing proposals, risk assessment and acceptance, renewal follow-ups, and policy documentation with the aim of enforcing effective credit control, delivery of set loss ratio, and building and maintaining customer relationships. The job holder will also be responsible for debiting and crediting finances and implementing reconciliation recommendations on the system

KEY PRIMARY RESPONSIBILITIES

• Sourcing and procuring of business in line with the set targets/budgets;
• Addressing client/customer inquiries and feedback within the timelines stipulated in the service charter and/or SLAs signed with respective clients;
• Reviewing the performance of risks through loss ratio reports for both new and existing business;
• Supporting in the premium collection;
• Preparing weekly and monthly reports giving details of individual performance on business acquired/lost and feedback on market practices from customers;
• Establish an efficient renewal process to achieve the set turnaround time for preparation and issuance of renewal notices for delivery of the desired retention rate
• Prepare Quotations.
• Assess, manage and rate all risks to ensure acceptance and retention of quality business.
• Reconciling service provider statements and confirming the status to finance for payments;
• Establish proper documentation of risks and timely issuance of certificates, debits, policy documents, and endorsements and communicate effectively to relevant parties on confirmation of the same.
• Participating in company CSR and brand-building activities in liaison with other departments;
• Reconciliation of client accounts to reflect the business booked status on monthly basis.
• Deliver on Service Level Agreements.

ACADEMIC QUALIFICATIONS

• Bachelor’s degree in Business Administration or an equivalent

JOB SKILLS AND REQUIREMENTS

• Team Player
• Negotiation Skills
• Interpersonal Skills
• Interpersonal and Communication skills

PROFESSIONAL QUALIFICATIONS

• ACII/AIIK

EXPERIENCE

• At least 2 years’ experience