Business Development Officer at Old Mutual Insurance Rwanda: (Deadline 23 December 2022)
Old Mutual Insurance Rwanda (former UAP Insurance Rwanda) is a subsidiary of UAP Old Mutual Group, member of Old Mutual Limited, an Integrated financial service provider comprising Insurance, Banking, and Investment Business. Old Mutual insurance Rwanda vision is being the Rwandan’s revolutionary financial services company with a commitment to enhance the quality of life by delivering peace of mind and financial freedom.
Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries. Our primary operations are in South Africa and the Rest of Africa, and we have niche businesses in Asia. We have 12 million customers and 30,000 employees and with over 175 years of heritage across sub-Saharan Africa, we are a crucial part of the communities we serve and broader society on the continent. The business is listed on the Johannesburg, London, Zimbabwean, Malawian and Namibian stock exchanges. The UAP Old Mutual Group comprises of three key players as a result of the acquisition of a controlling stake in Faulu in 2014 and UAP in 2015 by Old Mutual. The acquisition resulted in Old Mutual Kenya and UAP Holdings (www.uapoldmutual.com) as well as Faulu Microfinance Bank (www.faulukenya.com) forming one of the largest financial services groups with a growing footprint in East and Central Africa. The Group currently has operations in Kenya, Uganda, Tanzania, South Sudan and Rwanda. The Group now offers customers a comprehensive and enhanced range of financial services which include Investment, Insurance, Banking, and Savings as well as a wider and more accessible distribution network. The wider group also offers broad career growth prospects for employees. It therefore wishes to fill the below vacant position with qualified, experienced, and talented individual to strengthen its portfolio as a Pan – African Financial Services Group. The positions’ details are further outlined below;
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Role Title: |
Business Development Officer -1 Post |
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Business Unit(s): |
Rwanda |
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Business /Function: |
Business Development |
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Location: |
Rwanda |
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Reports To: |
Marketing & Distribution Manager |
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MDP Level: |
Manager of self |
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Role Size |
M |
Job Summary
To develop and grow the business by driving a good relationship between clients, agents and brokers in a manner that ensures achievement of set business targets
Key tasks and responsibilities
- Follow up on quotations to close business and to get feedback
- Daily servicing of clients to nurture the relationship between the company and our customers
- Follow up on renewals to retain business
- Conduct market intelligence to get information
- Provide support services and training to agents
- Premium collections
- Ensures acceptable levels of business retention (i.e. preservation of existing business) are maintained at all times; 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)
- 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.
- Cover note control – to make sure all outgoing cover notes are properly used and returned for booking within 5 working days after being issued to clients.
- To make sure that the company knows how much cover notes are with intermediaries.
- Weekly visits to intermediaries to make sure that the relationship is cemented and to do a regular audit on the issued UAP stationeries to the intermediaries.
Qualifications and experience
- University degree
- Basic Insurance qualification
- Sales and Marketing Qualification
Skills and competencies
- Good communication and negotiating skills
- Good interpersonal skills
- Thorough understanding of insurance
- Good communication and stakeholder management skills
- Good teaming and interpersonal skills
- Strong advocacy for collaborative working skills
- Early-stage product experience including strong product development skills
Please visit our careers page through this LINK
Interested candidate are requested submit their applications by 12.00 a.m. 23rd December 2022.
Applicants must possess or be in the process of applying for a POLICE CLEARANCE CERTIFICATE as at the time of making an application.
ONLY short-listed candidates will be contacted.
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