Direct Business Officer at Old Mutual Insurance Rwanda Plc: (Deadline 21 December 2021)
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;
| Role Title: | Direct Business Officer -1 Post |
| Business Unit(s): | Rwanda |
| Business /Function: | Direct Business Officer |
| Location: | Rwanda |
| Reports To: | Marketing & Distribution Manager |
| MDP Level: | Manager of self |
| Role Size | M |
Job Summary
Responsible for overseeing the implementation of business development strategies to heighten company profitability. The duties include steering business direct & digital sales, identifying business opportunities to pursue, and creating business proposals to support their ideas.
Key tasks and responsibilities
- Analyzing current and past financial data and providing strategies to cut costs and increase revenue
- Leading the charge on market research plans to identify new opportunities
- Working with executives to implement marketing strategies and new opportunities
- Encouraging new and existing clients by creating and improving proposals
- 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)
- Tracking expenses and maintaining the company budget
- Ensuring that the company meets revenue targets for business lines
- Identify sales leads including digital and maintain a good working relationship with existing and new clients
- 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.
- Tracking and compliance to BD regulations, internal process and procedures
Qualifications and experience
- University degree
- Basic Insurance qualification
- Sales and Marketing Qualification
- Digital sales qualification
- Minimum of 3 years
- Experience in Insurance
Skills and competencies
- Good communication and negotiating skills
- Good interpersonal skills
- Thorough understanding of insurance policy covers/wordings and their interpretation as pertaining to claims
Please visit our careers page through: https://bit.ly/321uN9e
Interested candidate are requested submit their applications by 5.00 p.m. 21st December 2021.
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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