Business Development Executive - Brokers at PACIS Insurance

PURPOSE OF THE JOB:

The jobholder is responsible for growth of the Brokers insurance book by bringing in new business and sustaining existing business in line with the company’s strategic plans.

PRINCIPAL ACCOUNTABILITIES:

• Grow the Brokers insurance book by bringing in new business as per the set targets.
• Active recruitment of new brokers and maintaining the brokers already with the company.
• Collect market intelligence in regard to insurance products and relaying the same to the relevant parties.
• Create a working relationship with the key contacts in the Brokers space and grow business to meet the set targets through establishing and initiating more schemes with new Brokers.
• Organize for training of insurance products for the staff of the Brokers.
• Suggest new/emerging products/marketing channels for products/service distribution.
• To obtain all the details of the client for a new client by assisting in completing the proposal form whist educating the client on the type of cover required.
• Obtain the correct and full details of the risk for quotation purposes and apply suitable rates.
• Submit quotation for approval/signing to Supervisor/Asst. Manager or Manager and delivered on time
• Ensure all necessary documentation (Proposal/endorsements) required by Brokers are availed on time.
• Ensure renewal notices for various schemes are given on time and followed
• Any other duty assigned from time to time by the Line Manager.

KNOWLEDGE AND EXPERIENCE:

Qualifications:

Experience:

• 3 years’ experience

Knowledge:

Minimum Academic Qualifications

• Bachelor’s degree in Commerce/Business

Professional Qualifications

• Diploma in Marketing in Insurance or progress towards the same.
• Knowledge of a broad range of insurance products.

SKILLS AND COMPETENCIES:

• Analytical thinking
• Ability to collate data, information and make informative observations
• Strategic perspective
• Flexibility
• Customer service orientation
• Team player
• Creative Thinking.
• Inter-personal skills.
• Basic Financial literacy-IFRS 9 and 17 Basic Understanding.
• Visionary and strategic.
• Excellent negotiation & persuasion skills.
• Tenacious and resilient.
• Good networking and interpersonal skills.
• Excellent oral and written communication skills.
• Results oriented.
• Knowledgeable about the market.
• Good appreciation of general insurance products and landscape.