Business Development Officer At Minet Kenya

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 ResponsiblitiesResponsible 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 AreasGrowth of Minet Umbrella– growth of the Umbrella Scheme in line with objectives of the departmentNew 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 RequiredGood communication skillsGood assessment, analytical and problem-solving skillsAbility to interact at all levels/stakeholder managementBusiness Awareness – Financial marketsProven planning, co-ordination, and time management skillsKeen and attention to detailThree (3) years sales experienceProfessional and Academic QualificationsBachelor's degree in business related fieldA marketing qualification will be an added advantageTechnical Knowledge – product, process, and know your customers /Anti Money Laundering compliance requirements knowledge