Business Development Manager

at Old Mutual Uganda
Location Kampala, Uganda
Date Posted September 25, 2024
Category Business Development
Insurance
Management
Job Type Full-time
Currency UGX

Description

JOB DETAILS:
Job Description
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
• To execute the company's distribution strategy to achieve profitable growth and market leadership
• To develop informal & formal SMEs customers and distribute corporate solutions in partnership umbrella bodies, aggregators, Insuretechs, Fintechs and Associations
• To participate in research and product development, testing and roll out of relevant, affordable and unique products.
• To create special partnerships with Banks, schools, Telecommunications, and other institutions to act as aggregators of bulk insurance products and provide responses to queries raised regarding the company's products.
• To Monitor renewals before due date to ensure targeted renewal level is achieved.
• To manage correspondences relating to Agents, brokers, direct clients and other alternate distribution partners.
• Effectively create new client relationships and partnerships whilst ensuring retention of existing business relationships through high standards of customer service
• Drive Sustainable growth of the assigned portfolios to a achieve the set standards target
• Ensure Customer inquiries are resolved promptly as per laid down policies and procedures.
• Champion Insurance product training Management, sensitize customers on insurance products.
• Share market analysis & market trends and preparing forecasts.
• Develop sales & marketing strategies aimed at increasing uptake of employee benefits covers to achieve the targeted market share.
• Coordinating marketing strategies with the sales, financial, marketing, and underwriting departments.
• Developing innovative ideas aimed to scaling uptake group business and reducing the cost of distribution leveraging on partnerships and use of modern technology
• Prepare and submit monthly/quarterly and annual reports with key insights to stimulate increased visibility and overall performance
• Promoting our brand at trade shows/ AGMs/Conferences and other major industry-related events
• Daily servicing of clients to nurture the relationship between the company and our customers
• Follow up on renewals to retain business

Skills
• Business, Communication, Customer Follow-Ups, Customer Inquiries, Customer Service, Data Query, Distribution Strategies, Employee Compensation and Benefits, Insurance, Leadership, Market Analysis, Marketing, Marketing Strategies, Market Trends, Office Administration, People Management, Product Trainings, Profitable Growth, Renewals, Sales, Sales Marketing Strategies, Self Motivation, Stock Markets, Sustainable Growth
• Education
• Bachelors Degree (B): Marketing Communication (Required)

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