International Business Development Executive
5 days ago
Purpose of the role
As a Senior International Business Development Manager, you will be responsible for generating revenue through the sale of all insurance lines and managing renewals of your own portfolio with a focus on multinational companies (non-reverse flow) and IPMI insurers.
Your Responsibilities
- Develop and execute business development strategies to achieve sales targets and revenue goals.
- Monitor the sales pipeline and take appropriate action to ensure targets are achieved.
- Routine market and regulatory updates, new products in the market, and developing relationships with International insurance companies and other industry players must remain up-to-date.
- Foster and maintain strong relationships with insurance companies, clients, and other industry players.
- Develop and maintain a sales plan that identifies target clients and opportunities.
- Prepare sales reports and present them to senior management/key decision makers.
- Collection of Premium.
- Effectively manage a pipeline of prospects to meet short medium and long-term financial goals.
- Implement a systematic communication plan on targeted prospects and have specific objectives for each meeting.
- Provide activity reports and pipeline status via pipeline management tool.
- In conjunction with service team, work to ensure all activities undertaken on behalf of Lockton are compliant with internal standards and procedures and our regulatory obligations.
Required Skills and Qualifications
- Bachelor's degree in business, finance, or related field.
- Minimum 5 years of experience in insurance sales, with a focus on business development.
- Proven track record of achieving sales targets and revenue goals.
- Experience in managing a team of salespeople and providing coaching and mentoring.
- Strong analytical, organizational, and communication skills.
- Excellent relationship building and networking skills.
- Ability to work independently and as part of a team.
- Knowledge of the International insurance market and regulatory requirements in the UAE/GCC.
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