Business Development Officer at Old Mutual Insurance Rwanda

Old Mutual Insurance Rwanda (formerly UAP Insurance Rwanda) is a part of Old Mutual Limited, an integrated financial services provider that offers insurance, banking, and investment business. It is a subsidiary of the UAP Old Mutual Group. Old Mutual Insurance Rwanda's mission is to improve quality of life by providing financial freedom and peace of mind. Its aim is to be Rwanda's most innovative financial services provider.

Old Mutual Limited (OML) is a prestigious African financial services company that provides a wide range of financial solutions to business and retail clients in 14 important markets. We have specialty businesses in Asia, but our main operations are in South Africa and the rest of Africa. We employ 30,000 people, serve 12 million consumers, and have more than 175 We have a long history in sub-Saharan Africa and play a significant role in both the local communities we work with and the larger community there. The company is traded on the stock exchanges in Johannesburg, London, Zimbabwe, Malawi, and Namibia. Three significant players make up the UAP Old Mutual Group as a result of Old Mutual's acquisition of a controlling interest in Faulu in 2014 and UAP in 2015. As a result of the transaction, Old Mutual Kenya, UAP Holdings, and Faulu Microfinance Bank (www.faulukenya.com) have come together to form one of the biggest financial services organizations with a rising presence in East and Central Africa. Currently, the Group is active in Kenya, Uganda, Tanzania, South Sudan, and Rwanda.  In addition to a bigger and more accessible distribution network, the Group now provides customers with a comprehensive and improved variety of financial services, including investment, insurance, banking, and savings. Employees have numerous opportunities for career progression within the larger group. As a result, it seeks to appoint a skilled, experienced, and talented person to the below vacant post in order to strengthen its portfolio as a Pan-African Financial Services Group. Details about the positions are provided below;

Role Title: Business Development Officer -1 Post

Business Unit(s): Rwanda

Business /Function: Business Development Officer

Location: Rwanda-Kigali

Reports To: Marketing & Distribution Manager

MDP Level: Manager of self

Role Size:M

Job Summary

To advance and expand the company by fostering positive relationships with customers, agents, and brokers in a way that assures the accomplishment of predetermined business goals

Key tasks and responsibilities

• Follow up on quotes to finalize deals and gain feedback Daily client servicing to strengthen the bond between the firm and its clientele
• Follow up on renewals to keep clients Conduct market research to gather information Provide agents with support services and training
• Upscale collections
• Maintains acceptable levels of business retention (i.e., the preservation of current business) at all times, and replaces any existing business lost due to unavoidable circumstances with additional suitable accounts (above and above the new business acquisition target for the year).
• Customer service satisfaction is closely monitored to make sure renewals are not in jeopardy. Renewal arrangements are negotiated well in advance, and clients receive official renewal confirmations prior to the renewal dates.
• Keeps up with regular updates to the business status reports.
• Control of cover notes: ensuring that all emailed cover notes are used correctly and returned for booking within five working days of being sent to clients.
• To guarantee that the business is aware of the amount of cover notes with middlemen.
• Weekly visits to intermediaries are made to ensure that the relationship is solidified and to do a routine audit of the stationery that has been given to the intermediaries by Old Mutual.

Qualifications and experience

• Basic Insurance Qualification Sales and Marketing Qualification University degree in business administration or a comparable discipline 

Skills and competencies 

• Good bargaining and communication abilities
• Strong interpersonal abilities
• Comprehensive knowledge about insurance
• Effective stakeholder management and communication abilities
• Exceptional interpersonal and teamwork abilities
• Strong support for cooperative working techniques
• Familiarity with early-stage products, including strong product development abilities 

Please go to our careers page by clicking on: https://oldmutual.wd3.myworkdayjobs.com/en-US/Old_Mutual_Careers/details/Business-Development-Officer_JR-41823?q=Business+Development+Officer

 Interested candidates are asked to submit their applications By midnight on July 10, 2023.

Applicants must possess or be in the process of applying for a POLICE CLEARANCE CERTIFICATE as at the time of making an application. 

ONLY short-listed candidates will be contacted.