Business Development Executive Job in Kenya

Star Discover Insurance Company Limited

Recruitment Advertisement: Business Development Executive

About Us

We are a Life insurance services provider whose goal is to provide uniquely designed solutions across Africa that is both time and cost conscious as well as technologically savvy.

Customer satisfaction is our key driver and motivator.

We are looking forward to onboard top and unique talent to support our venture through exciting career opportunities as detailed below;

Vacancy Details

Our Ref: STAR/HR/REC/010/2023

Reporting To: Principal Officer

Role: Business Development Executive

Place of work: Star Discover Life Insurance Limited

Main Purpose of the Role

The incumbent shall responsible for sourcing and growing the assigned portfolio by acquiring profitable business through Intermediaries and ensure that new business revenue budgets are achieved.

Key Duties and Responsibilities

  • Management of accurate, quality and timely business reports from the Broker & Agent Distribution Channels and use these to compile channel reports for review by Line Manager and HOD.
  • Management of the Broker & Agents Distribution Channel to ensure revenue targets are met
  • Managing an efficient sales cycle (sales pipeline) and value-based service cycle
  • Proactively market incentive Programs to drive business goals.
  • Promoting the company brand;
  • Implementation of Client Relationship Management best practice to drive business goals.
  • Proposing and implementing value propositions to retain and grow revenues and Distribution Channels relationships.
  • Log all Broker & Agent channel feedback aimed at identifying new business potential and benchmarking of market prices.
  • Monitor competitor activity and identify opportunities/threats that are presented by such activities.
  • Prospecting for new product lines and revenue
  • Procuring new clients through direct contact, word-of-mouth, and collaboration with the marketing department.
  • Attending networking activities to research and connect with prospective clients.
  • Executing sales strategies and marketing concepts for new products and technologies.
  • Crafting business proposals and contracts to draw in more revenue from clients.

Knowledge and Experience Required

  • Minimum Bachelor Degree in a business-related field or social sciences
  • Specialized training in customer service or marketing would be an added advantage.
  • Minimum 3 years of working experience in Group life marketing/Business development.
  • Fully qualified AIIK/CII or in the final stage of completion.

Key Skills and Competencies Required

  • Sound knowledge of the insurance industry operational landscape.
  • Ability to gather data, compile information, and prepare reports
  • Ability to work effectively both independently and as part of a team.
  • Good Communication and Customer Care skills
  • Excellent interpersonal skills.
  • Strong analytical, problem solving, multi-tasking and decision-making skills.
  • Attention to detail, and the ability to prioritize, delegate and execute tasks effectively

Application Criteria

Interested and qualified candidates to make their applications through with the subject strictly being “Business Development Executive- Life’’. This should reach us on or before 18th June 2023.

The application must include a cover letter clearly explaining your motivation to join Star Discover Life Insurance, and a CV not more than 4 pages long.

We are committed to grant you a great applicant’s experience, and we do not discriminate against gender, religion, marital status or any other diversities.

All applications shall be accorded due consideration but due to the high volume of the same that we receive, we shall only be able to contact the shortlisted candidates.

Applicants who fail to adhere to the application criteria indicated and do not meet the qualifications highlighted shall automatically be disqualified.