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Income Insurance Limited

Manager, Business Development

Posted on Nov. 27, 2024

  • Full Time

Manager, Business Development

The Business Development Manager (BDM) main responsibility is to drive growth in his/her agency unit. The BDM reports directly to the Director of Agencies (DOA) and is required to assist the DOA in implementing & managing the cluster of Agencies, day to day operations, driving agency sales & recruitment and strategic planning in collaboration with the DOA.

An ideal candidate should possess a strong understanding of the insurance industry with proven track record in business development with excellent interpretation skills.

Responsibilities Include

Business Growth & Sales Strategy

  • Work with the leaders in providing support to help them achieve their annual sales targets (for e.g. contract maintenance, rank maintenance, promotion)
  • Work and support Agency to drive Sales via campaigns like OPH, IFM, Android Campaign
  • Work and support Agency on Tactical Contests
  • Support DOAs in the Monthly Agency Leaders meeting and briefing
  • Participate in the Weekly GSM/ADM Meeting
  • Attend Sales Group Meetings
  • Participate in Branch meetings and sharing updates
  • Attend Events & Celebrations to bond with sales force
  • Drive company consumer campaigns & initiative

Support DOA in Sales Admin/Quality

  • Ensure Sales Quality within Agency (BSC)
  • Support DOAs to ensure CPD Hours and Mandatory Trainings for the reps are met
  • Monitor Persistency Ratio and ROPs
  • Driving towards Digital Sales Force

Recruitment

  • Work with Agency Strategy (AS) and Agency Recruitment and Talent Management (ARTM) to drive Recruitment via various campaigns
  • Prepare & escalate special cases to DOA or CAO for appointment approval
  • Assist in onboarding of Migrant Groups

Collaborate with cross functional teams (Actuary, LHO, Marketing)/Product, Compliance)

  • To provide customer centric solution to help shape Agency Leaders and FCs’ experience with Income
  • Coordinate and support sales /marketing events, campaigns and recruitment activities with stakeholders and partners
  • Work with internal team to ensure high level of customer service and foster a culture of continuous process improvement

Assisting DOA in Cluster Responsibilities

  • Support DOAs to liaise with Compliance and sales force on complaint/appeal issues
  • Escalate and resolve underwriting issues
  • Support DOAs in company initiatives and ad-hoc projects
  • Assist DOAs in overall operation of cluster office, for safety and efficiency. Ensure all equipment working and well maintained.

Qualifications:

  • Min Diploma
  • CMFAS M5, M9, M9A & HI
  • At least 1-3 years of Agency Management or Channel Distribution experience

Other competencies and traits:

  • Must Possess good EQ
  • Able to adapt to a rapid changing environment
  • Energetic and Enthusiastic
  • Lead and Influence the Agency force

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