Business Development Executive

Walaa Cooperative Insurance Co; Makkah Region; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading insurance firm in Saudi Arabia is seeking an experienced business development professional. Responsibilities include identifying and closing business opportunities, setting sales targets, analyzing market segments, and maintaining client relationships. Candidates should have a Bachelor's degree in a related field and 2-3 years of relevant experience. This position offers the chance to work in a dynamic environment focused on growth and client success.

Qualifications

• A Bachelor Degree or Certificate in Commerce or Business Administration or Economics.
• 2-3 years’ experience in business development function in a reputed general insurance company or any financial institute.

Responsibilities

• Identifies, pursues, and closes business opportunities.
• Discusses sales targets with line manager.
• Analyzes market segments and prepares business development plan.
• Follows up with existing clients to ensure policy renewal.
• Works with sales groups to leverage opportunities.
• Maintains accurate records of client contact.
• Provides sales and productivity reports.
• Presents company products to clients and closes sales.

Education

Bachelor Degree or Certificate in Commerce or Business Administration or Economics

Job description

Responsibilities

• 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.
• Present the company products to the clients and close sales.

Education

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

Experience

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