Business Development Officer - Pensions at Old Mutual Kenya in Nairobi, Kenya

    Old Mutual Kenya logo

    Business Development Officer - Pensions

    Old Mutual KenyaNairobi, Kenya

    Posted

    5 days ago

    Apply by

    25 Aug

    Full Time
    On Site
    Mid
    Banking, Insurance & Financial Services
    Sales

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    Job Description

    Delivery of the budget for both Grow pensions Business Sales through brokers, independent agents, tied agents and direct sales.

    Key Responsibilities

    • Ensure the set budget for pensions is realized for the year.
    • Obtain market information in respect of Corporate and pensions business and ensure the information is used for product improvement so that our product offering remain relevant and continue to meet customer expectations.
    • Ensure proposals are delivered within the agreed timelines.
    • Follow up competitiveness of proposals sent out.
    • Driving business and ensuring sustained growth, focusing on achieving/ surpassing sales targets.
    • Expanding business reach and proactively creating new sales leads/ opportunities.
    • Constantly interacting with prospects and maintaining cordial business relationship with key clients.
    • Expanding channel business by sourcing new partners as well as maintaining efficient business relationships with existing partners to enhance growth of business operations.
    • Handling high value sales, addressing minor details and identifying areas of improvements in customer service.
    • Undertaking business case assessment to enhance channel sale relations, as well as assessing and evaluating new products.
    • Managing an efficient sales cycle sales pipeline and value based service cycle through use of deal pipelines to drive the following business goals: Identify Target customer, Meeting to determine needs, Client acquisition, Account Service Plan – client/intermediary visits, policy documentation, credit control, claims management, SLA's etc.
    • Ensure that proper management of accurate, quality and timely business reports.
    • Monitor competitor activity and advise the business on opportunities/threats that are presented by such activities.
    • Understanding and enforcing company policies and risk control measures in relation to handling of new clients.
    • Escalate risks/control breaks to management when identified.
    • Assist in management of those risk/control breaks.
    • Compliance to all regulatory requirements and internal policies.

    Required Qualifications

    • Decision Making, Initiating Action, Business Development, Key Accounts Management, Contractual Evaluation & Negotiation
    • Ability to interact at all levels./stakeholder management
    • Setting Strategies/ Sales Target, Clientele Development, Sales Management Coordination, Competitor Analysis
    • Product Management, Customer Care
    • Vendor Management
    • Communication & Interpersonal, Leadership, Analytical Thinking Skills
    • Technical Knowledge
    • At least 3 years' experience
    • Bachelor degree Marketing, Commerce or Business Administration
    • Sales experience
    • Pensions and Employee Benefits training and experience will be an added advantage
    • Meeting set revenue targets measured periodically
    • Timely delivery of proposals and quotations
    • The amounts of new revenue placed through targeted distribution channel partners.
    • Debtor days for Distribution Channel partners
    • Expense controls for Profitability of accounts placed
    • The number of suggested new solutions to clients and distribution channel partners
    • Timely periodical reports to seniors

    Job Details

    Job Function

    Sales

    Minimum Experience

    3 years

    Education Level

    Bachelor’s Degree

    Area of Study

    Business

    Field of Study

    Marketing, Commerce or Business Administration

    Languages

    English

    Additional Information

    How to Apply: Interested and qualified? Go to Old Mutual Kenya on oldmutual.wd3.myworkdayjobs.com to apply.

    Master the Pensions Sales Cycle

    This role is about hitting revenue targets in a competitive pensions market. Hiring managers will look for a track record of closing deals, managing intermediaries, and understanding the regulatory landscape. Show them you can drive growth and manage relationships.

    1. Quantify your sales wins: On your CV, use numbers to show how you've met or exceeded targets. For example, "Increased pension sales by 20% in one year" is stronger than "responsible for sales."

    2. Know the Kenyan pensions market: Research key players, trends, and regulations like the Retirement Benefits Authority (RBA). Mentioning this in interviews shows you're serious.

    3. Show stakeholder management: This role involves brokers, agents, and clients. Give examples of how you've built and maintained relationships with different types of stakeholders.

    4. Demonstrate analytical skills: You'll need to analyze competitor activity and market intelligence. Prepare a story about how you used data to make a business decision.

    5. Prepare for case studies: Expect to be asked how you would approach a new client or handle a difficult negotiation. Practice structuring your answer.

    6. Highlight your training: If you have any pensions or employee benefits training, make sure it's prominent on your CV and in your interview.

    7. Understand the full sales cycle: From lead generation to account service, be ready to discuss each stage and how you manage it efficiently.

    8. Show compliance awareness: This role requires enforcing policies and regulatory compliance. Mention your understanding of risk control measures.

    CareerSasa Safety Alert: Never pay employers or agencies for interviews, training, or job placement. Does a job request payment? Report it immediately using the "Flag" button. While CareerSasa vets job postings thoroughly, always verify opportunities independently.
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    Tags

    Business Development
    Pensions
    Sales
    Key Accounts
    Stakeholder Management