Business Executive - Sales and Retention

Job Description

About the Role As a Business Executive - Sales and Retention at Loop, you will play a key role in driving sales, customer goals, revenue expansion and product utilisation by ensuring the activation, engagement, success, retention, and growth of Loop s clients. This role is focused on high-impact, high-value activities in all aspects of business development and retention. What you would do: Keep track of the renewals becoming due in next 1 month for the clients assigned. Communicate to clients well 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, if required. Obtain best quotes from Insurance Companies and /or liaison with underwriting department to obtain the best quote, as the case may be. Collect or arrange to collect premium cheques on time and remit the same to the respective Insurance Company accounts or ensure the premium is transferred by the client on time and with accurate amount. Ensure the Insurance policy is collected and delivered/set to the clients on time. Enter details of renewals from the date of initiation till its execution accurately in the Operational Software. Ensure the Policy is entered and uploaded in the system on time. Approach new clients voluntarily and as guided by Manger/the Marketing head and achieve periodic meeting targets if given. Collect policy copies from the prospective clients and share with the Underwriter, if required. Keep updated the presentation about the Company and services verticals and present the same 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 which products are best to recommend. Try to win accounts against competitors and Ensure 100% retention rate. After the renewals meet existing major clients periodically as directed in order to Build and maintain business relationships with clients. 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. What we are looking for: Any degree/diploma. Prior Insurance industry experience is an added advantage. Communication skills(verbal and written), reporting skills, analyzing skills, presentation skills, documents reading skills, listening skills.