Business Development Officer Job Vacancy at Old Mutual

 Job Title: Business Development Officer at Old Mutual

Company: Old Mutual

Location: Tanzania

State: Dar Es Salaam 

Job type: Full-Time

Job Description

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

Skills:

Accountability, Excellent organizational, planning and prioritizing skills, New Business Acquisition, New Businesses, Profitability, Standard Operating Procedure (SOP), Taking Initiative, Training and Development

Education:

Bachelors Degree (B): Marketing (Required)

Method of Application:

Submit your CV and Application on Company Website via this link.

https://oldmutual.wd3.myworkdayjobs.com/en-US/Old_Mutual_Careers/job/Dar-Es-Salaam/Business-Development-Officer-Broking_JR-36771

Closing Date : 4th March, 2024.