Business Development Officer at
3 weeks ago
Minet is a trusted pan-African advisor that meets the uncertainties of tomorrow by delivering risk and human capital solutions today.
As the largest Aon Global Network Correspondent, Minet has access to a network of over 50,000 colleagues in 120 countries as well as proprietary data, research and analytics which enable us to manage and secure the risks of tomorrow and provide clients with an unrivalled advantage.
Purpose for the JobThe job holder is responsible for handling external business and design strategies that expand clients' acquisition and pension market penetration.
The role will also involve product development, customer acquisition, tender preparation and periodic administration reports with the view of expanding the company's market share.
Duties and ResponsibilitiesResponsible for growth in pension business based upon the department's objectives.
Development of relations with Trustees, Custodians, Administrators, and intermediaries responsible for distributing and managing pension schemes.
Execution of client acquisition, marketing, sales, and distribution of pension products.
Work closely with marketing and other departments in the group to develop market research and identify opportunities within the group for cross selling and upselling.
Networking within industry associations e.g. RBA to gain insights into the pension business.Prepare and present proposals on scheme administration services for retirement benefits to potential customers.
Preparation and follow up of tenders for pension scheme business and any other related business.
Growth of the Income Drawdown Fund (IDD), Individual pension plan (IPP) and Post-Retirement Medical Fund (PRMF) in line with the objectives of the department.
Market Intelligence – Obtain market information in respect of pensions and ensure the information is used for aligning strategic initiatives as well as product improvement so that our product offering remains relevant and continues to meet customer expectations.
Follow up on leads generated by the team members conclusively.Present reports on performance and activity to management.
Key Result Areas
Growth of Minet Umbrella – growth of the Umbrella Scheme in line with objectives of the department
New Stand-alone Accounts – Acquisition of stand-alone clients.
Growth of the Income Draw Down, Individual Pension Plan & Post Retirement Medical Fund from both internal and external clientele.
Key CompetenciesKnowledge And Skills Required
Good communication skills
Good assessment, analytical and problem-solving skills
Ability to interact at all levels/stakeholder management
Business Awareness – Financial markets
Proven planning, co-ordination, and time management skills
Keen and attention to detail
Three (3) years sales experience
Professional and Academic Qualifications
Bachelor's degree in business related field
A marketing qualification will be an added advantage
Technical Knowledge – product, process, and know your customers /Anti Money Laundering compliance requirements knowledge
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