GA Life Assurance Limited New Vacancies for Group Life & Credit Life BDM, Application Details

GA Life Assurance Limited New Vacancies for Group Life & Credit Life BDM, Application Details

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To participate in the acquisition of new business For Group Life and Credit Life Business in accordance with targets set and criteria formulated by the Company; handling of renewal of all existing accounts and maintaining acceptable ratios of business retention for all group schemes; preparation of business plans, and coordination of marketing and sales promotion and development of life products to ensure the group business revenue targets for the division are achieved; and presiding over the effective management of the Business Development Team.

Group Life & Credit Life BDM Job Responsibilities

  • New Business Acquisition as per business set targets
  • Leads and coordinates marketing efforts to ensure business targets are met.
  • Identifies and pursues new business leads.
  • Coordinates new business quotation processes, and follows up quotations with intermediaries and clients
  • Conducts appropriate market intelligence to keep Senior Management informed of new developments in the Group Life & Credit Life business lines
  • Ensures acceptable levels of business retention (i.e. preservation of existing business) are maintained at all times; and any existing business lost due to unavoidable circumstances is replaced by other suitable accounts (over and above the new business acquisition target for the year)
  • Closely monitors customer service satisfaction to ensure renewals are not threatened; negotiates renewal terms of all programmes well in advance, and sends formal renewal confirmations to the Operations Department (Group Business) before the renewal dates.
  • Periodically reviews existing products and proposes changes with a view to enhancing their quality
  • Maintains, and regularly updates business progress reports.
  • Performs other duties as directed by superiors from time to time.
  • Preparation of annual premium budget and setting up strategies to achieve the same
  • Managing Credit control
  • Appointment of New Business sources including brokers and agents
  • Establish and maintain a good relationship with the brokers, agents and clients. Likewise maintain close liaison with other departments in the organisation
  • Ensure all statutory and regulatory requirements are met in a timely manner

Qualifications for the Group Life & Credit Life BDM Job

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  • Bachelor’s degree in Business Administration or Marketing
  • MBA an added advantage
  • ACII or it’s equivalent.
  • 5 years’ experience in Group Life and Credit Life Business Development in the insurance industry
  • In depth understanding of the operations of a life insurance company
  • Well established network with Brokers of Group Life and Credit Life business
  • Good communication and presentation skills at a senior level
  • Strategic planning and management experience

How to Apply

If you meet the above minimum requirements, send your c.v to [email protected] indicate the position applied for on the email subject line so as to be received on or before 8th December, 2017. Only short-listed candidates will be contacted.

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