Corporate Sales - General Insurance Broking Job Description Template
As a Corporate Sales professional specializing in General Insurance Broking, you will be responsible for driving sales and extending our market reach. You will engage with corporate clients, understand their insurance needs, and provide customized solutions. Your goal is to build and maintain strong client relationships, ensuring customer satisfaction and business growth.
Responsibilities
- Identify and develop new business opportunities in the corporate sector.
- Build and maintain strong relationships with clients to understand their insurance requirements.
- Prepare and present proposals, quotes, and insurance solutions to corporate clients.
- Negotiate terms and conditions with underwriters to secure the best policies for clients.
- Ensure compliance with industry regulations and company policies.
- Monitor market trends and competitor activities to adjust sales strategies.
- Collaborate with internal teams to provide comprehensive insurance solutions.
- Achieve sales targets and contribute to overall business growth.
Qualifications
- Bachelor's degree in Business, Finance, or related field.
- Minimum 5 years of experience in corporate sales, preferably in insurance broking.
- Strong understanding of general insurance products and industry regulations.
- Proven track record of achieving sales targets.
- Excellent communication and negotiation skills.
- Customer-oriented with the ability to build strong client relationships.
- Analytical and problem-solving abilities.
Skills
- Salesforce
- Insurance broking
- Client relationship management (CRM)
- Negotiation
- Market analysis
- Regulatory compliance
- Microsoft Office Suite
Frequently Asked Questions
A Corporate Sales professional in General Insurance Broking is responsible for acquiring and maintaining client relationships with businesses. They assess corporate clients' insurance needs, offer tailored insurance solutions, and facilitate policy renewals. Additionally, they stay updated on industry trends to provide informed recommendations and negotiate terms with insurance companies on behalf of their clients.
To become a Corporate Sales professional in General Insurance Broking, one typically needs a bachelor’s degree in business, finance, or a related field. Industry-specific certifications can enhance prospects. Experience in sales or insurance is preferred, and candidates must possess strong negotiation and communication skills. Networking and continuous industry education are also crucial for growth in this role.
The average salary for a Corporate Sales professional in General Insurance Broking varies based on location, experience, and the size of the brokerage firm. Generally, compensation includes a base salary with performance-based incentives or commissions. Established professionals in larger markets may earn more due to higher business volumes and complex account management.
A successful career in Corporate Sales for General Insurance Broking typically requires a bachelor’s degree in business, economics, or insurance. Additional certifications in insurance or risk management can provide an advantage. Key qualifications include strong analytical skills, attention to detail, and customer relationship management experience, as well as familiarity with insurance products and regulations.
Key skills for a Corporate Sales role in General Insurance Broking include excellent communication, strategic thinking, and relationship-building abilities. Responsibilities include identifying and targeting potential corporate clients, advising on insurance products, handling contract negotiations, and ensuring client satisfaction. Staying informed about market trends and regulatory changes is also critical for success in this dynamic field.