Business Development Manager Job at Virtual HR

Business Development Manager Job Responsibilities

• Generating marketing strategies, setting objectives, and carrying out market research.
• Appraising competitors’ activities and overall economic and social trends to stimulate profitable revenue growth.
• Prospecting for new business and formulating aggressive initiatives to retain business.
• Strategizing on how to achieve the prescribed product mix ratios for balanced revenue growth and profitability.
• Building and maintaining strong client relationships with brokers and intermediaries.
• Proposing changes in underwriting approach and rating mechanism to enhance marketability of the Company’s products.
• Ensuring that quality of policy documents meets customer expectations.
• Ensuring that any existing business lost due to unavoidable circumstances is replaced.
• Preparing monthly business performance assessments reports.
• Maintaining and regularly updating business forecasts and new business progress reports.
• Setting the standards for individual performance, metrics and goals.

Qualifications for the Business Development Manager Job

• Bachelor’s degree in any relevant field from a recognized institution.
• Professional qualification(s) in insurance e.g. ACII, FCII or equivalent.
• Minimum of 7 years’ experience; 3 of which should be at senior management level.
• Ability to analyze and interpret financial data and apply management principles.
• Self-driven and able to deliver steep business production numbers.
• Excellent team leadership skills, communication, organization and presentation skills.