Business Development Executive

Walaa Cooperative Insurance Co.; Jeddah; On-site; SAR 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a motivated Business Development Executive to drive sales and enhance client relationships. In this dynamic role, you will identify and pursue new business opportunities while collaborating with various sales teams to maximize cross-selling potential. Your analytical skills will help you assess market segments and develop effective strategies to meet sales targets. If you are passionate about the insurance industry and eager to contribute to a thriving company, this opportunity is perfect for you.

Qualifications

• 2-3 years experience in business development in insurance or finance.
• Bachelor's degree in Commerce, Business Administration, or Economics.

Responsibilities

• Identify and close business opportunities to enhance company image.
• Analyze market segments and prepare business development plans.
• Maintain client records and ensure policy renewals.

Skills

Business Development

Sales Target Achievement

Market Analysis

Client Relationship Management

Education

Bachelor Degree in Commerce

Certificate in Business Administration

Certificate in Economics

Job description

• Identifies, pursues, and closes business opportunities with a view to leverage the company’s image and also maximize cross-selling opportunities.
  
• Discusses and agrees sales targets and key performance indicators with line manager.
  
• Analyzes various market segments for different sectors and prepares business development plan.
  
• Follows up existing direct clients and ensures policies are renewed regularly.
  
• Works effectively with other sales groups, exchanging information on clients to leverage sales opportunities.
  
• Maintains accurate records of all client contact.
  
• Provides the line manager with accurate sales and productivity reports as requested.
  
• Presents the company products to the clients and closes sales.

Education:

• A Bachelor Degree or Certificate in Commerce, Business Administration, or Economics
  

Experience:

2-3 years experience in business development function in a reputed general insurance company or any financial institute.

Company Industry:

• Insurance

Department / Functional Area:

• Business Development

Keywords:

• Business Development Executive