Business Development Assistant at Kenya Orient Insurance Limited

PURPOSE OF THE POSITION:
The position is responsible for:

• Acquisition of new business on deposit administration schemes, Individual pension plans, umbrella pension schemes, annuity business, group life business and group last expense in accordance with the set targets.
• Conserve all existing business by timely service delivery including proposing new methods for enhanced market development and penetration, soliciting & acquiring business from individuals, corporates and large clients, new product development and competitor analysis.

KEY TASKS, DUTIES AND RESPONSIBILITIES

• Provide fund administration advice and services to the clients in line with the Retirement Benefits Authority Regulations.
• Meeting established business development and organic growth targets in sales, new business acquisition, renewals and premium income through coordinated marketing strategies.
• Grow the top line business through new distribution channels and client referral networks.
• Ensure that accurate and competitive quotations in respect of pensions, annuity, group life andgroup last expense products are prepared and delivered promptly to prospective clients, brokers and intermediaries.
• Identify market opportunities and make recommendations towards development of targeted value-product offerings for viable market segments.
• Generate a pipeline and acquire pension and group life businesses.
• Strengthen and develop new intermediary and partnerships.
• Ascertain new business requirements and documentations for contractual agreements and subsequent policy document issuance.
• Verification of all proposal forms submitted and ensure they are accurate and all information is provided.
• Train the sales force in liaison with the agency leaders on all products in an effort to ensure product knowledge remain well rated within the sales team.

REQUIREMENTS

• Bachelor’s Degree in Business related course or equivalent from a recognized university
• Diploma in Pensions/CII/AIK will be an added advantage.
• Over 2 years of relevant experience in insurance business or related marketing field.