Manager - Business Development at COFACE NORTH AMERICA

Mumbai, maharashtra, India -

Full Time

Start Date

Immediate

Expiry Date

30 Apr, 26

Salary

0.0

Posted On

30 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Business Development, Partnership Management, Sales Strategy, Market Research, Negotiation, Client Relationship Management, Team Training, Risk Management, Compliance, Financial Institutions, Factoring, Credit Insurance, Contract Management, Communication, Forecasting, Product Development

Industry

Insurance

Description

Company Description At Coface we make trade happen everyday Our 5,200 experts representing 80+ nationalities in 58 countries are united by a shared purpose: helping companies navigate through uncertainty by empowering them to make the right decisions and trade smarter in a complex world. With nearly 80 years of global experience, we offer companies a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring — all driven by a unique data patrimony, cutting-edge technology, innovation and a deep understanding of the global economy. Joining Coface means being part of a close-knit international organization, where your ideas matter. We foster a culture of learning, collaboration and inclusion where you are given responsibilities and can see the impact of your actions. Shape the future of trade with us. Join our Happeners! Job Description MISSION : Lead the development of new and existing corporate partnerships which are complex and high in value. Identity and work on Bancassurance distribution channel Expand and develop new relationships with financial institutions and factoring companies Identify sales opportunities from existing and new key distribution channels (Boker/ Agent) to ensure that the sales potential is fully exploited to achieve annual sales targets. MAIN RESPONSIBILITIES: Business development: Maximise each partnership opportunity by developing multi-year sustainable partnerships. Research and identify new products, prioritize the feasible opportunities and implement with the partners. Manage the relationship with partners in order to keep their interest in maintaining active sales of Coface products. Prospect for potential new key clients to maximize revenue for the India Demonstrate products and services to potential key customers and assist them in selecting those best suited for their needs. Establish relationships and work with strategic and operational stakeholders. Prepare regular forecasts to enable effective sales planning. Ensure that the sales potential is fully exploited to achieve annual sales targets. Train and motivate Coface sales teams in order to make them aware of partnerships and what is expected by the partners and by Coface in order to make the partnership efficient and profitable Negotiation, follow-up, reporting: Act as the first point of contact for current and potential partners. Support/Lead the commercial negotiation with prospects and partners up to the signature of contractual documents. Follow up of sales development through each partnership: number of sales, new premium, cancellation, etc. Market monitoring: Conduct research to identify market trends, sales and other developments amongst competitors and report back to the appropriate stakeholders. Suggest improvements or modifications required to existing products to maintain their competitiveness in the market. Create and implement new strategies, tools and processes that will positively benefit the team and income. Communication: Establish and maintain communication links with other internal departments to identify all sales opportunities. Develop, maintain and lever strong relationships with partners/ intermediaries in order to increase the number of prospects. Participate in external events organized within India representing the company in the best light for building new business contacts. Work closely with the Commercial Support Functions to achieve the highest efficiency of the sales process by following group offering procedures with special care for precise targeting, well-tailored offers and cost control Risk & Compliance: Ensure prudent Commercial Underwriting of Credit Insurance Business, adhering to Group Standards. Take joint ownership of the loss ratio on the portfolio with the Risk department and deliver a profitable result to the business. Adhere to compliance standards set by Coface and external regulators. Additional information with regards to the main responsibilities : Manage and maintain Broker / Intermediary relationships to ensure Profitable growth of business. Assist with Large Key account management to ensure customer satisfaction Develop FI business and achieve Country targets Industry: Credit insurance A clear understanding of current economic climate and how it affects the market Functional: Factoring or Finance Contract management - in depth familiarity and knowledge of various contract structures in order to know how best to negotiate between price and risk Coface specific: Coface's portfolio of products Coface commercial tools IT: Microsoft Office Applications: Outlook, Word, Excel Qualifications Degree educated in Finance, Business Administration, Economics, Banking or equivalent. At least 5 years of sales/ business development ideally within a credit insurance organization. Experience in multicultural/international corporate environment is plus Additional Information Flexible working model after the first month of working from the office will be hybrid Great place to work: central and modern office Opportunities to learn: budget every year for training, languages platform, e-learning platform, dedicated development program… Career opportunities: Opportunity to build your career (both locally and internationally) in a large global company, one of the world leaders in its field Health care Department: Commercial - 002 Contract type (job boards): Permanent contract

Responsibilities

The role involves leading the development of corporate partnerships and maximizing sales opportunities through strategic relationships. Responsibilities also include market monitoring and ensuring compliance with underwriting standards.