Senior Business Developer at APA life assurance company ltd

Job Description

KEY PRIMARY RESPONSIBILITIES
Sourcing and procuring of business in line with the set targets/budgets;
Addressing client/customer inquiries and feedback within the timelines stipulated in the service charter and/or SLAs signed with respective clients;
Reviewing the performance of risks through loss ratio reports for both new and existing businesses;
Supporting the premium collection;
Preparing weekly and monthly reports giving details of individual performance on business acquired/lost and feedback on market practices from customers;
Establish an efficient renewal process to achieve the set turnaround time for preparation and issuance of renewal notices for delivery of the desired retention rate;
Prepare Quotations.
Assess, manage, and rate all risks to ensure acceptance and retention of quality business.
Checking policy documents and endorsements in line with the Company’s underwriting manual
Identifying and referring risks that require reinsurance arrangements
Reconciling service provider statements and confirming the status to finance for payments;
Establish proper documentation of risks and timely issuance of certificates, debits, policy documents, and endorsements and communicate effectively to relevant parties on confirmation of the same.
Participating in company CSR and brand-building activities in liaison with other departments.
Deliver on Service Level Agreements.
Reconciliation of client accounts to reflect the business booked status on a monthly basis.

ACADEMIC QUALIFICATIONS
Bachelor’s degree in Actuarial Science, Bachelor of Commerce or an equivalent

JOB SKILLS AND REQUIREMENTS
At least 4 years relevant experience
Strong understanding of underwriting principles, risk assessment, and insurance products

PROFESSIONAL QUALIFICATIONS
Progress in ACII/AIIK – Atleast 6 Papers

EXPERIENCE
Excellent communication, Presentation and negotiation skills.
Client-focused with a commitment to delivering exceptional service
Strategic thinking and business acumen
Analytical skills