Business Development Manager (HNW)

PRUDENTIAL ASSURANCE COMPANY SINGAPORE (PTE) LIMITED; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading insurance firm in Singapore seeks a Business Development Manager responsible for overall operations and managing partnerships. You will develop effective sales strategies, maintain relationships with partners, and drive performance initiatives. The ideal candidate has 3-5 years of relevant experience and a Diploma or Degree in Finance or Business. Strong leadership, communication skills, and experience in bancassurance or investment sales are preferred. Join us for a rewarding career in a supportive environment.

Qualifications

• 3-5 years of relevant business development experience in bancassurance or agency partnership setup.
• Sales experience in insurance/investment sales in HNW space preferred.

Responsibilities

• Develop and implement effective sales and marketing strategies.
• Monitor sales through appropriate analysis and reports.
• Collect and analyze sales productivity statistics to drive performance.
• Manage and drive the implementation of process improvements.
• Maintain strong relationships with existing partners to achieve sales targets.

Skills

Negotiation

Coaching

Relationship Management Skills

Leadership

Microsoft Excel

Agile

Channel

Selling

Marketing

Strategy

Statistics

Business Development

Education

Diploma / Degree in Finance/ Business or relevant fields

Job description

Roles & Responsibilities

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

The Business Development Manager is responsible for the overall BAU operations to ensure that all processes are in place and running effectively and efficiently. This includes being central point of contact for managing the overall partnership with the Bank and to ensure all processes are in place and identify synergies across projects and initiatives to facilitate collaboration.

Job Description

• Develop and implement effective sales and marketing strategies, initiatives and campaigns
• Monitor sales through appropriate sales analysis and reports
• Collect and analyse sales productivity and performance statistics to identify areas of strengths and weaknesses and derive action plan to drive performance across segments and channel.
• Analyse, influence and lead action plans in accordance to segment and channel strategies.
• Analyse and compare the present state of products, processes, and applications for improvements.
• Manage and drive the implementation of process improvements.
• Builds and maintain strong relationship with existing partners while seeking opportunities to achieve sales targets.
• Create various coaching methodology and conduct effective coaching sessions for partners who require additional coaching or skillsets to achieve higher production targets.
• Work closely with all levels of stakeholders to stay informed on changes in regulations and all business activities comply with legal and regulatory requirements.
• Spearhead conversations with internal stakeholders to enhance partners productivity and tools availability.
• Assist the management and other teams to draw business goals and needs.

Who we are looking for

Competencies & Personal Traits

• Exhibit ability to deliver effective communication and excellent interpersonal skills
• Possess strong leadership qualities and a mind towards excellence
• Strong analytical and qualitative problem-solving abilities
• Dynamic individual who strives in fast moving environment
• Strong written and verbal communication skills, engaging in presentations and adept at relationship management skills with a high degree of tact
• Ability to be agile and present sales concepts for legacy, retirement, and savings solutions
• Ability to analyse, influence and lead

Working Experience

• At least 3-5 years of relevant business development experience in bancassurance or agency partnership setup
• Sales experiences in insurance/investment sales in HNW space is preferred

Education

• Diploma / Degree in Finance/ Business or relevant fields of study

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.

Tell employers what skills you have

• Negotiation
• Coaching
• Relationship Management Skills
• Leadership
• Microsoft Excel
• Agile
• Channel
• Selling
• Marketing
• Strategy
• Mental Health
• Statistics
• Business Development
• Maternity
• Retirement