Assistant Manager Business Development (Broker Business Corporate & Public Sector) - First Assurance Kenya at Absa Bank Limited

Job Summary

To support delivery of targeted business (non-medical) growth with the right parameters.

Job Description

Business Development


Management of broker Relationships to deliver targeted premium outputs.
Pipeline business management quotation processing and transmitting the same to brokers within TATSs
Draw up and operate SLAs with brokers for differentiated service delivery.
Adhere to Interdepartmental Service level Standards in liaison with Underwriting team across the branches.
Champion cross selling for corporate business and other special assignments as allocated
Collect market intelligence through research by reading articles, publications, internet, word of mouth and networking daily to keep abreast of market developments.
Assess market opportunities with respect to competitor sales sources by remaining in touch with market forces and influencing.
Manage knowledge capital by collecting, categorizing, storing, protecting, and distributing the results of market.


Financial


Deliver financial parameters for GWP, loss ratios, cross selling
Debt management broker as per the debt management standard
Manage and control expenditure for travel, events, and promotional items.
Plan, assign and allocate funds for events plans, or promotional items required for brand management through brand management activities as per the structured calendar


Operations & Compliance


Actively keep up to date with all relevant knowledge, legislation and developments within the business unit and insurance industry that may have an impact on the Business Advantage
Coordinate Compliance with Regulatory requirements for Brokers for licensing and on boarding requirements as per ABC Third party Standards.


Management reporting


Prepare accurate production reports/ other statistics for management reporting
Represent the department in the absence of the head of the department in various business reporting


Education and Experience Required


Bachelor's degree in a business-related field (Actuarial Science, B.Com Insurance, Business Administration)
7 - 10 years of sales management and business development experience in Insurance, at least 5 - 6 of which should be in General Insurance and holding a management role.
ACII, Diploma in Insurance (UK) or AIIK, Diploma in Insurance (Kenya) or with good progress in either.