Assistant Manager Business Development – Bancassurance Section

About the Role

Madison Group Limited is seeking an experienced professional to join our team as Assistant Manager, Business Development in our Bancassurance Section, based in Nairobi, Kenya.

Key Responsibilities

• Identify bancassurance business opportunities in banks and SACCOs, negotiate and close business deals within company quality business guidelines to increase market share
• Drive achievement of annual, quarterly, and monthly production budget targets
• Manage quality of business, productivity, and overall sales performance
• Provide accurate and competitive quotations for all product lines and ensure timely delivery to banks and prospective clients
• Conduct continuous product training for assigned banks, SACCOs, and branch networks
• Exploit synergy with other Group companies to grow business
• Identify and evaluate new business opportunities, including potential partnerships, mergers, or acquisitions to enhance organizational capabilities and market positioning
• Collaborate with management team to set strategic goals and targets for the business development team, aligning them with overall business objectives
• Monitor industry developments, regulatory changes, and emerging trends affecting corporate life insurance
• Provide insights and recommendations to the management team on product development, pricing strategies, and market positioning
• Collect all premiums of business debited as per company policy
• Monitor sales performance, track progress against targets, and provide regular reports to the management team
• Develop and maintain relationships with intermediaries, brokers, and strategic partners
• Stay updated with insurance regulations and underwriting best practices to ensure compliance with industry standards
• Adhere to Kenyan laws and regulations, insurance industry policies, and all internal company policies and procedures
• Embrace governance requirements with respect to KYC/AML and data protection requirements