Business Development Manager
2 weeks ago
Responsibilities
Business Development
- Identify, pursue, and secure new business opportunities within the marine insurance sector to drive sustainable revenue growth.
- Build and maintain strong relationships with key stakeholders including shipowners, charterers, commodity traders, industry partners, and organizations such as marine insurers and P&I Clubs.
- Develop and execute strategic business and marketing plans to expand the organization's client base and service portfolio.
- Collaborate with senior management to assess market trends and identify opportunities for new products or service innovations.
Marine Insurance Broking
- Manage and grow a portfolio of marine insurance clients while ensuring high-quality service delivery and client retention.
- Evaluate clients' marine insurance requirements and risk exposures to design tailored coverage solutions, including Protection & Indemnity (P&I), hull and machinery, cargo, and other maritime liability policies.
- Negotiate with underwriters to obtain the most competitive and comprehensive coverage terms for clients.
- Oversee fronting arrangements and corresponding reinsurance support to ensure compliant, cost-effective, and reliable insurance solutions.
- Coordinate closely with the Claims Department to ensure timely and effective resolution of client claims.
- Stay abreast of global marine insurance market trends and developments to provide strategic, forward-looking advice to clients.
Client and Market Engagement
- Represent the organization at industry events, conferences, and client meetings to promote its capabilities and expertise.
- Serve as a trusted advisor to clients, offering expert insights on marine insurance practices, market updates, and regulatory compliance.
Education & Experience
- Bachelor's degree or diploma in Maritime Studies, Insurance, Business Administration, or a related discipline.
- Minimum of 5 years of experience in marine insurance broking, underwriting, or a similar capacity within the maritime industry.
- Background in business development or sales within the insurance or maritime sectors is highly advantageous.
- Must hold a valid Licensing Exam Certification from the Philippine Insurance Commission; additional marine insurance certifications are preferred.
Skills & Competencies
- Proven track record in business development, client relationship management, and portfolio growth.
- Comprehensive understanding of marine (re)insurance, including P&I, hull and machinery, and liability coverages.
- Strong negotiation, analytical, and problem-solving skills with a client-focused mindset.
- Excellent interpersonal and communication abilities to engage effectively with diverse stakeholders.
- Proficiency in Microsoft Office 365 (Excel, Word, PowerPoint).
- An established professional network within the marine insurance or shipping industry is an advantage.
Job Type: Full-time
Pay: From Php100,000.00 per month
Work Location: In person
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