Manager - Business Development
6 days ago
Job Title: Business Development Executive / Manager – Insurance Broking
Location: Andheri (West)
Department: Sales & Business Development
Reporting To: Business Head / VP – Sales
Job Purpose:
To identify, acquire, and manage new business opportunities in General & Life Insurance broking. The role involves building strong client relationships, understanding their insurance needs, and offering customized insurance solutions to drive revenue growth for the organization.
Key Responsibilities:
- Identify and develop new business opportunities in the corporate and retail insurance segments (General Insurance, Health, Life, Motor, Marine, Property, etc.).
- Generate leads through networking, cold calling, references, industry events, and digital channels.
- Meet prospective clients, understand their risk/insurance requirements, and propose suitable insurance solutions in coordination with underwriting and operations teams.
- Develop and maintain strong client relationships to ensure repeat and referral business.
- Manage the end-to-end sales process: proposal preparation, negotiation, closing, and post-sales servicing with support from internal teams.
- Achieve monthly/quarterly/annual business development targets as per organizational goals.
- Stay updated with market trends, competitor offerings, and IRDAI regulations to ensure compliance and effective sales strategy.
- Coordinate with insurance companies for quotations, pricing negotiations, and placement of business.
- Prepare MIS reports, sales forecasts, and maintain proper documentation of client interactions.
Key Skills & Competencies:
- Strong understanding of insurance products (General & Life) and broking business model.
- Excellent communication, presentation, and negotiation skills.
- Strong client relationship management & networking abilities.
- Self-motivated with a target-driven approach.
- Ability to work independently and as part of a team.
- Proficiency in MS Office (Excel, PowerPoint, Word) and CRM tools.
Qualification & Experience:
- Graduate / Post Graduate in Business, Finance, or related field (MBA preferred).
- IRDAI certification (preferred or to be completed post-joining).
- 2–6 years of relevant experience in Insurance Broking / Insurance Sales / BFSI sector.
- Candidates with corporate client acquisition experience will be preferred.
Compensation:
- Competitive salary + incentives linked to business performance.
Job Type: Full-time
Pay: ₹15, ₹45,000.00 per month
Benefits:
- Cell phone reimbursement
Work Location: In person
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