Business Development Executive | Jeddah, SA

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

Job summary

A leading insurance company in Jeddah seeks a Business Development Executive to drive growth by identifying new business opportunities. The role entails working with existing clients, analyzing market segments, and collaborating with sales teams. Ideal candidates will possess a degree in Commerce or Business Administration and 2-3 years of relevant experience.

Qualifications

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

Responsibilities

• Identify, pursue, and close business opportunities.
• Discuss sales targets and KPIs with the line manager.
• Prepare business development plans based on market analysis.

Skills

Sales Target Achievement

Client Relationship Management

Market Analysis

Education

Bachelor Degree or Certificate in Commerce, Business Administration or Economics

Job description

Business Development Executive

Walaa Cooperative Insurance Co Jeddah, Saudi Arabia Apply now Posted 28 days ago Permanent Competitive

Business Development Executive

Walaa Cooperative Insurance Co Jeddah, Saudi Arabia Apply now

• 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.

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

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