Business Development Officer at UAP Insurance Tanzania January 2023

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Business Development Officer at UAP Insurance Tanzania January 2023

A subsidiary of Old Mutual Limited, UAP Insurance Tanzania is a part of the UAP Old Mutual Group in East Africa (OML). Since 2013, UAP Insurance has been operating in Tanzania after buying the bulk of Century Insurance Company.

We take great pride in the fact that we have helped the insurance industry expand, and we are dedicated to helping our clients reach their financial objectives by offering creative insurance solutions.

Through CSR projects in the areas of education, health, and social welfare, UAP Insurance Tanzania gives back to the communities where we operate. We also take part in business initiatives aimed at boosting the nation's inclusiveness and financial literacy.

The Company has offices across the nation's main cities and is currently seeking to hire a qualified candidate for the role detailed below.

Business Development Officer Broking

Business Development Officer Broking at UAP Insurance/ Old Mutual Limited January 2023

Job Description

This role is individually accountable for the broking unit and increasing the volume of profitable business from broking through the provision of tailor-made services that exceed their expectations in a manner that ensures the 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

Accountable, outstanding organisational, planning, and prioritisation abilities, Acquisition of new companies, establishment of new companies, profitability, and SOPs (SOPs), Positivity, Education, and Development

Education

  • Bachelor's Degree (B): Marketing (Required)
  • Closing Date: 23rd January, 2023.

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