Broking Business Development Officer Jobs at Old Mutual Insurance 2023
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Old Mutual is a leading insurance provider, offering a wide range of insurance products and services to meet the needs of our customers. We have a long history of serving our customers and our community, and we are committed to providing the best possible service to our policyholders.
Old Mutual products include life insurance, health insurance, car insurance, and more. We also offer a variety of financial services, including investment and retirement planning.
If you’re looking for an insurance provider that you can trust, look no further than Old Mutual. We’re here to help you protect what’s most important to you.
Broking Business Development Officer Jobs at Old Mutual Insurance 2023
As a Broking Business Development Officer, you will be responsible for developing and maintaining long-term relationships with clients. You will act as a liaison between the client and the company, and you will be responsible for ensuring that the client is satisfied with the company’s products and services. In order to be successful in this role, you will need to have excellent communication and negotiation skills.
If you are interested in a career in business development, then a Broking Business Development Officer job may be the right for you. This is a highly sought-after position, and there are many opportunities for career growth.
Job Description
- This role is individually accountable for broking unit and increasing the volume of profitable business from broking through provision of tailor-made services that exceed their expectations in a manner that ensures achievement of set business targets
- 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 covers products, processes and procedures.
- Daily coordination and monitoring of the sales initiatives
- Prospect New business, submit terms and close to meet set targets
- Liase 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
Broking Business Development Officer Jobs at Old Mutual Insurance 2023
Skills Broking Business Development Officer Jobs
- Accountable, Excellent organizational, planning and prioritizing skills, New Business Acquisition, New Businesses, Profitability, Standard Operating Procedures (SOPs), Taking Initiative, Training and Development.
Closing Date: 23 January 2023
Education: Bachelors Degree (B): Marketing (Required)
Broking Business Development Officer Jobs at Old Mutual Insurance 2023
ABOUT OLD MUTUAL INSURANCE
Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending.
We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.
