ASSISTANT MANAGER BUSINESS DEVELOPMENT – BANCASSURANCE SECTION

Madison Life Assurance Kenya Limited, a subsidiary of Madison Group Limited, is a well-known provider of life assurance, group schemes and pension administration in Kenya. The Group also provides through two other subsidiaries, general insurance underwriting as well as fund management services.The Company is recruiting for the position of Assistant Manager Business Development – Bancassurance Section reporting to the Business Development Manager. The job holder will be based at its Head Office in Madison House, Nairobi.Identify bancassurance business opportunities in banks and saccos, negotiate and close business deals within the company quality business guidelines to increase the market share.Drive achievement of the annual, quarterly and monthly production budget targets.Manage quality of business, productivity, and overall sales performance.Provide accurate and competitive quotations for all the products lines and ensure they are delivered promptly to banks and prospective clients.Conduct continuous product training for assigned banks, saccos and branch networks.Exploit synergy with other Group companies to grow business.Identify and evaluate new business opportunities, including potential partnerships, mergers, or acquisitions to enhance the organization’s capabilities and market positioning.Collaborate with management team to set strategic goals and targets for the business development team, aligning them with the organization’s overall business objectives.Monitor industry developments, regulatory changes, and emerging trends affecting Corporate life.Provide insights and recommendations to the management team on product development, pricing strategies, and market positioningPremium Collections – Collect all premiums of business debited as per the Company policy.Monitor sales performance, track progress against targets, and provide regular reports to the management team.Develop and maintain...