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Senior Business Development Manager

3.00 to 5.00 Years   Chennai   12 Apr, 2024
Magnus Insurance Marketing Pvt Ltd
Job LocationChennai
EducationNot Mentioned
SalaryRs 3.0 - 3.5 Lakh/Yr
IndustryInsurance
Functional AreaSales / BDPre-Sales
EmploymentTypeFull-time

Job Description

    Position: Senio Business Development Manager (Exp 3-5 Years)No of Position: 1Salary Per Month: 25000 Incentive ( Based on monthly Target Performance)Looking for Senior Business Development Manager with an Insurance Broking firm industryMinimum Years of Experience Required: 3 years Business Development role in Insurance Broking Firm or General insurance company; proven track record of achievement in exceeding targetsPosition reports to Head of the respective OrgJob Purpose Summary :Conceptualize new initiatives for increasing sales and top of mind recall amongst potential corporate clients and to leverage Prudents brand.Identify marketing opportunities by studying clients requirements; defining market, competitors share, and competitors strengths and weaknesses; forecasting projected business; establishing targeted market share.Creating a database or prospective clients, maintaining constant touch with them by identifying key stakeholders and decision-makers on the corporate Insurance program.Sustain rapport with key accounts by making periodic visits; exploring specific needs; anticipating new opportunities.Update knowledge by participating in programs on Insurance mandated by IRDA; reading professional publications; maintaining personal networks; participating in professional organizations; attending training programs.Every month reach out your TargetKey Responsibilities :Technical :- Understanding the prospect/clients business and risk exposures.- Conducting Insurance Program reviews and identifying gaps.- Assisting the prospect/client in filling up detailed risk questionnaires and explaining coverage terms to them.- Sending the proposal form to insurance companies to procure quotations.- Making a comparison of the terms in the quotations received from the various insurance companies.- Negotiating the terms and conditions received from the insurers to meet the clients requirements.- Meeting the prospect/client with the recommendation of cover.- Cross verification of the policy terms and conditions.- Servicing Team on the account to ensure timely endorsement issuance, report issuance, and advocating on behalf of the client at the time of claim or any other requirements.You should have excellent communication skills. You should be proactive and solution-oriented and be ambitious to accelerate your career growth.Skill Sets Required :- Self-motivated, self-directed, mature, ambitious, intelligent, articulate and knowledgeable.- Minimum experience of 3 years required.- Proven ability to do consultative and concept selling- Fluency in English communication skills, both written and oral, is a must.- Ability to study and analyze an insurance contract, summarize coverage, and advise its suitability to a client- Proficiency in Microsoft Office and ability to learn new software applications with ease

Keyskills :
b2b marketinglead managementdirect marketingmarketing

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