Business Development Manager

Coface; Hong Kong; On-site; HKD 360,000 - 600,000; Full time

Benefits offered by this job

Hybrid working after first month

Central & modern office

Job summary

Coface Hong Kong invites experienced sales professionals to join our regional team. You will prospect and acquire new clients, introduce Coface products, and drive revenue in the allocated market.

You will identify decision makers, present solutions, and prepare compelling proposals to close business with a focus on profitability. Join a global insurer with a hybrid working model after the first month, a central location, and ongoing training, language, and development opportunities to advance

Qualifications

• Degree in Business Studies, Finance or related subjects.
• At least 2 years of B2B sales experience.
• Multicultural/international corporate environment experience preferred.

Responsibilities

• Prospect for potential new clients within the allocated sales area.
• Demonstrate Coface products and assist clients in selecting suitable solutions.
• Identify decision makers and perform calls, visits and presentations to prospects.
• Prepare written proposals/quotations with internal stakeholders.
• Forecasts to enable effective sales planning and achieve targets.
• Maintain records of sales activities in company IT tools.

Skills

Strong communication

Negotiation

Interpersonal skills

Education

Bachelor's degree in Business/Finance or related

Job description

• Contract type (job boards): Permanent contract

Company Description

Our 5,200 experts representing 80+ nationalities in 58 countries are united by a shared purpose: helping companies navigate through uncertainty by empowering them to make the right decisions and trade smarter in a complex world.

With nearly 80 years of global experience, we offer companies a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring — all driven by a unique data patrimony, cutting-edge technology, innovation and a deep understanding of the global economy.

Joining Coface means being part of a close-knit international organization, where your ideas matter. We foster a culture of learning, collaboration and inclusion where you are given responsibilities and can see the impact of your actions.

Shape the future of trade with us. Join our Happeners!

Job Description

MISSION :

Prospect and acquire new clients to maximize revenue from the allocated sales area.

Introduce new Coface products to the market, while also seeking to maintain the commercial performance of existing products.

Achieve the highest efficiency of the sales process by following group offering procedures with special care for precise targeting, well-tailored offers and cost control.

MAIN RESPONSIBILITIES:

Sales development and product marketing:

• Prospect for potential new clients within the allocated sales area such as cold calling, referrals from existing clients, Internet mining, social/professional networking sales and networking events or any other means of generating interest in Coface products.
• Demonstrate products and services to potential customers and assist them in selecting those best suited for their needs.
• Identify the decision makers within the prospect’s organization.
• Make telephone calls, in person visits and presentations to prospective customers.
• Identify new sales opportunities from new customers for proposing new products.
• Develop clear and effective written proposals/quotations to prospects with the contribution of internal stakeholders: commercial & risk underwriters, top management.
• Prepare regular forecasts to enable effective sales planning.
• Ensure that the sales potential is fully exploited to achieve annual sales targets.
• Collaborate in the design and execution of the Marketing Action Plan for products as defined by the Regional/Country Commercial and Marketing Director.

Negotiation, follow-up, reporting:

• Lead the commercial negotiation with prospects and intermediaries up to the signature of contractual documents.
• Monitor feedback from new clients to measure their satisfaction with company products and services.
• Maintain all required records of sales and any other relevant information in existing IT tools to enable performance to be measured and monitored.

Market monitoring:

• Have a clear view of new and lost clients to identify market trends, sales and other developments amongst competitors and report back to the appropriate stakeholders.
• Suggest improvements or modifications required to existing products to maintain their competitiveness in the market.

Communication:

• Establish and maintain communication links with other internal departments to identify all sales opportunities.
• Develop, maintain and lever strong relationships with intermediaries in order to increase the number of prospects.
• Participate in external events organised within the Region representing the company in the best light for building new business contacts.
• Work closely with the Commercial Support Functions to ensure a timely and efficient service to new and potential clients.
• Supply management with verbal and written reports on customer needs, problems, interests, competitive activities, and potential for new products and services.
• Participate in trade shows, conventions and professional associations.
• Adhere to Group Standards for Commercial Underwriting of Credit Insurance Business.
• Take joint ownership of the loss ratio on the portfolio with the Risk department and deliver a profitable result to the business.
• Adhere to compliance standards set by Coface and external regulators.

Business Development:

• To support and maintain collaborative relationships with designed business partner to explore business growth opportunities while maximizing sales targets
• To support and maintain collaborative relationships with designed business partner to improve renewal rate while explore cross selling potential maximizing premium income.

Policy management:

• To manage and ensure outstanding of TOD, PA, CLF Invoicing & CLF Collection completion.
• To manage and ensure all outstanding policy premium are collected.
• All policy documents are properly file and kept.

Commercial management:

• To manage and ensure accurate and prompt update of Reports, SMART & LCS
• Maintain strong relationship with business partners (i.e. Broker and policyholder) by organizing events (i.e. seminar or training).
• To manage Hong Kong's portfolio Capacity Ratio are maintain at low level.
• To support and manage regular and adhoc risk review by RUW with team to manage relationship with business partner.

Compliance:

• Complete and comply KYC and UBO.
• No tolerate of Group and Country regulator law compliance.
• Credit insurance
• A clear understanding of current economic climate and how it affects the market

Functional:

• Contract management - in depth familiarity and knowledge of various contract structures in order to know how best to negotiate between price and risk

Qualifications

• Degree educated in Business Studies, Finance or related subjects
• At least 2 years' of B2B sales experience, ideally within a credit insurance or banking or factoring or financial services or in the field of credit management experience.
• Multicultural/international corporate environment: previous experience will be a plus

Skills and Personality Traits:

• Presentable with strong communication, negotiation and interpersonal skills
• Well-organized, meticulous and initiative
• Highly discipline and be a team player
• Willing to work beyond regular office hours, if necessary
• Able to work under pressure

Additional Information

• Hybrid working model after the first month
• Great place to work:central and modern office
• Opportunities to learn:budget every year for training, languages platform, e-learning platform, dedicated development program…
• Career opportunities: Opportunity to build your career (both locally and internationally) in a large global company, one of the world leaders in its field

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