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Business Development Officer Broking at UAP Insurance/Old Mutual Limited

Business Development Officer Broking at UAP InsuranceOld Mutual Limited

Business Development Officer Broking at UAP Insurance/Old Mutual Limited

This role is individually accountable for broking unit and increasing the volume of profitable business from broking through the provision of tailor-made services that exceed their expectations in a manner that ensures achievement of set business targets:

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  • To recruit new brokers as per the set target
  • Design and implement a robust engagement plan with brokers
  • Develop robust training and development programs for all brokers that cover products, processes, and procedures.
  • Daily coordination and monitoring of the sales initiatives
  • Prospect New business, submit terms and close to meet set targets
  • Liaise with Underwriting Manager to ensure the retention of business from brokers
  • Conduct market intelligence to get information crucial for the development of the broker channel
  • Premium collections as per the Cash & Carry law and the company’s credit policy
    • Ensures acceptable levels of business retention (i.e. preservation of existing business) are always maintained, and any existing business lost due to unavoidable circumstances is replaced by other suitable accounts (over and above the new business acquisition target for the year)
    • Ensure sales promotions as per the company’s strategies
    • Closely monitors customer service satisfaction to ensure renewals are not threatened; negotiates renewal terms well in advance and sends formal renewal confirmations to clients before the renewal dates.
    • Maintains, and regularly updates business progress reports.
    • Frequent visits to intermediaries to make sure that the relationship is cemented and to do a regular reconciliation with Finance.

    Business Development Officer Broking at UAP Insurance/Old Mutual Limited

    Skills

    Accountable, Excellent organizational, planning, and prioritizing skills, New Business Acquisition, New Businesses, Profitability, Standard Operating Procedures (SOPs), Taking Initiative, Training, and Development

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    Education

    Bachelor’s Degree (B): Marketing (Required)

    Closing Date 23 January 2023

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