Are you a dynamic professional with a passion for sales, marketing, and business growth? Do you have a proven track record of achieving business targets and managing high-performing teams? At AAR Insurance, we are looking for an enthusiastic and results-driven Business Development Officer to join our team and contribute to our mission of providing unparalleled insurance services.
This is your chance to work in a vibrant, inclusive, and innovative environment. Read on to learn more about this exciting opportunity and how you can join our team!
Position: Business Development Officer
Closing Date: January 22, 2025
Job Type: Full-Time
Location: Head Office
Overall Purpose of the Job
As a Business Development Officer, your primary responsibility will be to manage and execute effective sales and marketing strategies that drive the achievement of revenue targets. This role requires a professional who can effectively acquire new business, manage teams, and ensure compliance with company policies and industry regulations.
Key Responsibilities
As a Business Development Officer, you will be responsible for the following:
- Business Acquisition and Sales Goals
- Procure and solicit business to meet and exceed premium targets.
- Focus on retail, SME, and general insurance (GI) through intermediaries and personal sales.
- Intermediary Management
- Recruit, train, and motivate intermediaries to achieve assigned budgets.
- Support intermediaries in service meetings with clients to address queries and provide timely feedback.
- Business Planning and Development
- Develop and implement solid business plans and strategies for acquiring new clients and retaining existing ones.
- Foster strong relationships with stakeholders, including clients and intermediaries.
- Regulatory Compliance
- Adhere to applicable laws, Insurance Regulatory Authority (IRA) guidelines, and market conduct standards.
- Obtain and maintain all necessary licenses, including IRA certification.
- Ensure compliance with the Data Protection Act and Anti-Money Laundering (AML) regulations.
- Client Management
- Maintain confidentiality of client information and ensure accurate client data is conveyed to the company.
- Collect and verify client KYC documents.
- Brand Promotion
- Uphold and promote the company’s image and brand in all interactions.
- Organize and participate in company-approved engagements and activations.
- Performance Monitoring
- Continuously monitor the effectiveness of the integrated sales and marketing strategies, suggesting and implementing corrective actions as necessary.
- Ethical Standards and Conduct
- Avoid disclosing confidential company or client information without authorization.
- Ensure no monetary collections are made directly from clients to the unit manager.
- Adhere to the company’s code of conduct for unit managers.
Required Qualifications, Experience, and Skills
To excel in this role, you should meet the following criteria:
- Possess a Diploma in Insurance, Certificate of Proficiency (COP), or any other professional qualification in insurance.
- A Bachelor’s degree is an added advantage.
- At least 3 years of practical experience in sales, marketing, or business relationship management with a proven performance track record, preferably in the insurance industry.
- Demonstrated experience in team management, sales, and business development.
- Strong understanding of insurance regulatory requirements.
- Excellent communication, leadership, and organizational skills.
- Proven ability to coach, motivate, and assess performance effectively.
Why Join Us?
At AAR Insurance, we are committed to creating a workplace that fosters diversity, innovation, and growth. We believe in empowering our employees to achieve their career goals while contributing to the success of the organization. As an equal-opportunity employer, we value diversity and encourage applications from candidates of all backgrounds, regardless of race, religion, gender, or age.
How to Apply
If you are enthusiastic about this opportunity and meet the requirements above, we’d love to hear from you! Send your application letter and updated CV, along with any relevant testimonials, to the email address [email protected].
Your application must reach us by January 22, 2025.
Alternatively, click the button below to submit your application:
