Insurance & Ipf Sales Officer at Phoenix Capital

Roles and responsibilities.

Premium Finance Coordination:

• Oversee and manage the insurance premium finance process from application to approval.
• Collaborate with insurance brokers, underwriters, and financial institutions to facilitate premium financing for clients.
• Ensure accurate and timely processing of premium finance transactions.

Sales and Business Development:

• Actively promote IPF products to existing and potential clients.
• Identify opportunities for cross-selling or upselling related financial products.
• Achieve sales targets and contribute to the growth of the IPF business.
• Plan, organize and execute non-supervised marketing activities within Nairobi and cosmopolitan 
• Generate new leads, prospect and conversations 
• Educate and consult with clients on all insurance products and types 
• Maintain Key accounts 
• Penetrate new markets keeping up with new demands and market survey in asset finance, logbook loans and insurance premium finance.

Product Knowledge:

• Stay updated on the features and benefits of the institution's IPF products or services.
• Effectively communicate the value proposition of IPF offerings to clients.
• Educate clients on the risks and rewards associated with IPF investments.

Payment Processing:

• Ensure timely and accurate processing of premium payments.
• Reconcile premium finance accounts and resolve any discrepancies.
• Generate and distribute invoices to clients with premium finance details.

Client Relationship Management:

• Build and maintain strong relationships with insurance clients.
• Act as the primary point of contact for client inquiries related to premium financing.
• Provide exceptional customer service to address client needs and concerns.

Record Keeping:

• Maintain organized and up-to-date records of premium financing transactions.
• Generate reports on premium financing activity for management review.
• Ensure compliance with record-keeping requirements and data protection regulations.

Documentation and Compliance:

• Ensure all premium finance documentation is complete, accurate, and in compliance with regulatory requirements.
• Work closely with legal and compliance teams to stay updated on industry regulations and implement necessary changes.

Policy Administration:

• Work closely with insurance agencies to obtain necessary policy information.
• Verify accuracy of policy details, coverage, and premium amounts.
• Ensure compliance with insurance regulations and company policies.

Reporting and Analysis:

• Generate and analyze reports related to premium finance activities.
• Identify trends, opportunities, and areas for improvement in the premium finance process.

Cross-Functional Collaboration:

• Collaborate with internal teams, including finance, sales, and operations, to streamline processes and enhance overall efficiency.
• Participate in meetings to provide insights and updates on premium finance activities.