MOHAMMED SHIBU KARAT, Business Development Manager

MOHAMMED SHIBU KARAT

Business Development Manager

Alinma Tokio Marine

Location
Saudi Arabia - Jeddah
Education
Master's degree, PGDIRM
Experience
17 years, 11 Months

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Work Experience

Total years of experience :17 years, 11 Months

Business Development Manager at Alinma Tokio Marine
  • Saudi Arabia - Jeddah
  • My current job since June 2015

#. Responsible & Accountable for the regional broker business Targets
#. Responsible & Accountable for regional Life insurance & Protection and Savings business target
#. Broker Channel Development - Signing Contract, Training & Development, one to one meetings/ group meetings, Business Development, Broker servicing
# Life Insurance & Protection and savings channel development - Employees training, Broker training, face to face meetings, Group meetings,
# Risk assessment & Risk analysis
# Business Negotiations with Brokers and underwriting team.
# Settlements of accounts and ensure the collection from broker.
# Ensure the best service to the brokers and retain the corporate clients with ATMC
# Tracking & Monitoring of all Motor and Non motor claims from Brokers. And ensure all claims are properly settled.

Business Development Executive (Corporate Channel) at Saudi United Cooperative Insurance Company (Wala'a)
  • Saudi Arabia - Jeddah
  • November 2012 to May 2015

a. Identify new prospective Corporate Client for Wala’a
b. Approaching the corporate client through the face to face meeting / Telecal
c. Identify different Insurance needs of the corporate client.
d. Risk Assessment & Risk Analysis
e. Business Negotiations with client and underwriting
f. Deliver the most appropriate rate, terms and solutions to the client
g. Solutions Presentation to the client
h. Closing the deal and booking the business
i. Settlement of accounts and ensure the collection
j. Ensure good customer service & Maintaining the corporate accounts

Sales Manager at Tawuniya Insurance Company
  • Saudi Arabia - Jeddah
  • June 2012 to November 2012

1) Define the strategy and process for the sales department for 4 franchise branches of Tawuniya.
2) Hiring, Retention and on boarding of Marketing Representative for 4 branches
3) Training, Skilling and development of Marketing Representatives.
4) Driving and enabling the sales performance for 4 franchise branches of Tawuniya
5)Focusing the key drivers to achieve monthly as well as yearly plan
6)Conducting group meeting & Individual performance review and planning meeting to Marketing Representatives.
7)Setting up of new franchise branches & future leaders.

Manager Training at Max Newyork Life Insurance Co Ltd
  • India
  • March 2010 to March 2012

a) Training & Development Of Financial Advisors & Agency Development managers
b) Discharging responsibilities with office Leadership Team.
c) Accountable for 50% of branch business from current class productivity
d) Interacting with FPA’s regularly to assess their level of knowledge in the area of their work, push & motivate them to maintain productivity.
e) Give proper Training by conducting regular Training Modules and motivate them to achieve their monthly Plan.
f) Ensure the branch will hit the business plan in different parameters
g) Ensure that the Team is eligible for Various Contests. Thus increase the motivation of Team.
h) Ensure that Team is acquiring necessary skills to perform well as a successful Financial Planning Advisor
i) Ensure month on month activation of Financial Planning Advisor

Branch Training Manager at Bajaj Allianz Life Insurance Co Ltd
  • Other
  • November 2009 to February 2010

a) Training & Development Of Financial Advisors
b) Interacting with FPA’s regularly to assess their level of knowledge in the area of their work, push & motivate them to maintain productivity.
c) Give proper Training by conducting regular Training Modules and motivate them to achieve their monthly Plan
d) Ensure that the Team is eligible for Various Contests. Thus increase the motivation of Team.
e) Ensure that Team is acquiring necessary skills to perform well as a successful Financial Planning Advisor.

Trainer at Techno Systems & Solutions
  • Other
  • June 2009 to November 2009

training & development of agents & Executives regarding the domain of insurance

Manager Sales at Metlife India Insurance Co Ltd
  • Other
  • June 2008 to April 2009

Description of Job Profile:
a) Recruitment & Development of Financial Advisors
b) Ensure the quality of hiring by interviewing the prospective advisors and devising a strict screening process for gauging their level of interests.
c) Interacting with FPA’s regularly to assess their level of knowledge in the area of their work, push & motivate them to maintain
productivity.
d) Give proper Training by conducting regular GID’s and motivates them to achieve their monthly Plan.
e) Generating Sales through the Team of Advisors.
f) Ensure that the Team is eligible for Various Contests. Thus increase the motivation of Team.
g) Ensure that Team is acquiring necessary skills to perform well as a successful Financial Planning Advisor
h) Interact with Corporate & Retail Clients & establish contact with prospective customer.

Manager Sales at Reliance Pco
  • Other
  • April 2005 to June 2007

a) Recruitment of sales executives for selling Reliance PCO
b) Train, Develop and Motivate the sales executives for achieving their business plan
c) Achieving the branch business plan through the team
d) Conducting market surveys to here the customer complaints .

Education

Master's degree, PGDIRM
  • at International Institute for Insurance & Finance
  • May 2008

Specialties & Skills

Sales Training
Risk Management
Insurance
Business Development
Business Development & Sales training

Languages

English
Expert
Arabic
Beginner

Training and Certifications

management oreintation school (Training)
Training Institute:
max Newyork Life Insurance Co Ltd
Date Attended:
March 2010