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Broking/Business Development Manager

2 months ago

Singapore ABA INSURANCE BROKERS PTE. LTD. Full time
Roles & Responsibilities

Job Highlights:

  • Competitive Employment Benefits
  • Office location near MRT
  • Offer opportunities for career development

ABA Insurance Brokers is a renowned broking firm offering a comprehensive range of insurance solutions and consulting services to a large portfolio of personal and corporate clients across many business industries and sectors. We are now seeking a highly motivated and results-oriented Broking/Business Development Manager who will be responsible for identifying, acquiring, and managing relationships with new and existing clients, driving revenue growth for the company.


Job Description

  • To have a solid knowledge of all classes of general insurance business, in particular Employee Benefits and Medical Insurance products and propose suitable solutions to clients.
  • To perform the full spectrum of insurance broking tasks independently in servicing new and renewal business.
  • To prepare documentation required for insurance placement including quotation slips, placement/closing slips, schedules and calculations, cover notes, endorsements and ensuring that the details in the policy documents are as per agreed terms.

Renewal Business:

  • To generate and send out monthly renewals policies to ensure timely renewal of expiring policies.
  • To review current coverage and advise clients on appropriate coverage, conducting comparisons of other insurers’ quotations and negotiating on premium, terms and conditions.

New Business:

  • To drive client acquisition to pursue new opportunities to expand client base.
  • To design customised insurance plans that align with client’s objectives and budget.
  • To negotiate premiums and terms & conditions to secure the best premium for clients.
  • To prepare presentation slides to EB clients on their Policy Schedule and Helpline FAQs.

Others:

  • To establish and maintain professional relationships with insurers and clients to ensure retention and growth of clients’ businesses.
  • To escalate claims with Insurers’ Claims Team and ensure they are managed promptly and efficiently.
  • To prepare monthly management reports and business updates for management meetings.
  • To monitor Premium Payment Warranty status and ensure customers make premium settlement on time.
  • To Perform other ad-hoc assignments which may be assigned as and when required.

Requirements:

  • Someone who possesses a strong desire to innovate and find new ways to grow the business and maximise cross-selling opportunities where possible.
  • Candidate must possess at least a Diploma in related field.
  • Minimum regulatory requirements - PGI, BCP, ComGI, Health Insurance, M5, M9 certificates for registration as Broking and FA representative with MAS.
  • Worked at least 3 years of experience in the insurance industry.
  • Highly motivated, a team player with good communication & interpersonal skills.
  • Proficient with MS Office – Word, Excel, PowerPoint & Outlook.

Annual renumeration and Benefit Package will be negotiable, commensurate with qualifications and experience.

Only Singaporeans, Permanent Residents & Malaysians may apply.


Tell employers what skills you have

Negotiation
Brokerage
Interpersonal Skills
Career Development
Selling
MS Office
Employee Benefits
Cross Selling
Networking
General Insurance
Revenue Growth
Consulting
Team Player
Regulatory Requirements
Health Insurance
Business Development