Business Executive - Sales and Retention

Role Overview: As a Business Executive - Sales and Retention at Loop, your main responsibility will be to drive sales, customer goals, revenue expansion, and product utilization. Your focus will be on ensuring the activation, engagement, success, retention, and growth of Loop's clients. This role involves engaging in high-impact, high-value activities in all aspects of business development and retention. Key Responsibilities: - Keep track of the renewals becoming due in the next 1 month for the clients assigned. - Communicate with clients in advance about their renewals. - Collect appropriate, proper, and complete data required for renewals, policy review, and analysis to support proper advice on changes to policy terms, limits, etc. - Obtain best quotes from Insurance Companies and/or liaison with the underwriting department to obtain the best quote. - Collect or arrange to collect premium cheques on time and remit them to the respective Insurance Company accounts or ensure the premium is transferred by the client on time with the accurate amount. - Ensure the Insurance policy is collected, delivered, or set to the clients on time. - Enter details of renewals accurately in the Operational Software from the date of initiation till its execution. - Approach new clients voluntarily and achieve periodic meeting targets if given. - Collect policy copies from prospective clients and share with the Underwriter if required. - Keep updated on the presentation about the Company and services verticals and present it before prospective clients when asked for. - Assist prospective clients with filling out forms, communicating with the company, finding the best plans and strategies, and negotiating the final deals. - Share client information with Underwriters to determine the best products to recommend. - Strive to win accounts against competitors and ensure a 100% retention rate. - After renewals, meet existing major clients periodically as directed to build and maintain business relationships with clients. Qualification Required: - Any degree/diploma. Prior Insurance industry experience is an added advantage. Preferred Skills: - Understand the provisions of each policy and communicate this information to the customer. - Act as a liaison between Underwriters/claims team and clients. - Support claims team by helping them in collecting documents required from the clients. - Research insurance trends, policies, and products, and keep track of changes happening in the Insurance Industry. - Prepare and submit periodic client visit reports, business conversion reports, and other reports as advised by the seniors.,