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Business Development Manager, Broker Channel At Liberty Life

Liberty Life

Insurance full time Nairobi Posted 1 day ago

Liberty Life Assurance Kenya is a life insurance provider that has been providing relevant products to Kenyans for over 50 years. Our purpose at Liberty is to make a difference in people’s lives by making financial freedom possible. We change realities and make freedom possible by providing innovative and relevant solutions that help our customers protect their greatest assets. Our diverse and flexible products include life insurance, investment solutions, education and retirement savings plans. We pride ourselves in putting the customers’ needs first. With a proud heritage of over half a century, Liberty Kenya has been a pioneer in knowledge sharing and making a significant contribution to the financial services industry. We continue to strive to change realities in Kenya because Liberty is not just our name; it’s what we do!Job Summary The role holder will be responsible for driving implementation of the sales strategy for the corporates’ market segment to ensure achievement of the department’s strategy through broker channels. Key Responsibilities Participate in the formulation and the implementation of the sales strategy in line with overall growth strategy of the business. Identify broker business opportunities, negotiate and close business deals within the company quality business guidelines to increase the market share. Manage and maintain existing corporate client relationships to identify opportunities for cross selling, areas of growth and new business acquisition. Drive sales targets through focused partner relationships under the broker channel. Manage and recruit broker partners to identify opportunities for new business acquisition, cross selling and upselling on existing business. Provide accurate and competitive quotations for all the products lines and ensure they are delivered promptly to brokers and prospective clients. Conduct continuous product training for all brokers in order to ensure product knowledge and professionalism is upheld and clients are advised appropriately to avoid misrepresentation. Manage a portfolio of strategic corporate clients to enhance increased revenue. Develop Market intelligence on key portfolio accounts, competitor analysis and industry trends. Build excellent working relationships with internal team, marketing staff and other managers to increase sales opportunities and thereby maximize revenue for their organization. Qualifications Bachelor’s degree in Insurance, Marketing or other business-related discipline Diploma in Insurance (ACII or AIIK) Member of CII or IIK Experience 10 years’ experience in the insurance industry, 3 of which should be in a supervisory role Competencies Sales and marketing skills Managing and executing strategy In depth understanding of insurance operations and concepts Knowledge of insurance regulatory requirements Knowledge of underwriting processes, procedures and concepts Insurance product knowledge Stakeholder management skills Formulating strategies and concepts Entrepreneurial and commercial thinking Planning and organizing Relating and networking Working with people Adapting and responding to change Deciding and initiating action Persuading and influencing Presenting and communicating information