Business Development Manager

Reposted Yesterday
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Hiring Remotely in Penang, MYS
Remote
Mid level
Fintech • Financial Services
The Role
Manage and grow agency, group and direct insurance portfolios to drive profitability. Develop and implement marketing and recruitment strategies, engage agents and partners, coordinate risk management and underwriting, monitor product competitiveness, ensure regulatory compliance, and identify market opportunities to expand market share.
Summary Generated by Built In

About the Role

We are looking for a motivated Business Development Executive to join our team at RHB Insurance Berhad, Prai Branch. In this role, you’ll support business growth and profitability through effective management of agency, RHB Group, and direct business portfolios. You will also play a key role in expanding market share, strengthening agency networks, and driving strategic marketing initiatives to achieve business targets.

What you will be doing

  • Support the Branch Manager in formulating and implementing marketing strategies to maximize business potential through the Agency channel.

  • Manage and grow agency, RHB Group, and direct business portfolios to improve productivity and profitability.

  • Collaborate with underwriters on the acceptance of new risks within the approved authority limits set by Head Office.

  • Drive Agency Recruitment Programmes to strengthen and expand the agency force.

  • Organize relationship enhancement activities to maintain strong engagement with agents and business partners.

  • Conduct agency portfolio segmentation and identify opportunities for business growth.

  • Review and monitor product portfolios to ensure competitiveness and market relevance.

  • Identify market opportunities and develop structured marketing strategies to expand market share.

  • Coordinate surveys and risk management programmes for Banca Retail clients.

  • Monitor compliance with Credit Control policies, regulatory requirements, and Company guidelines.

  • Ensure all business activities are conducted in accordance with regulatory guidelines and Company policies.

What we’re looking for

  • A degree or professional qualification from an institution recognized by the Government of Malaysia.

  • Candidates with knowledge and/or experience in the insurance industry are encouraged to apply.

  • Strong analytical skills with good knowledge of insurance products and market practices.

  • Proven ability to achieve profitability and sales targets.

  • Good interpersonal and communication skills.

  • Good contact network and relationship-building capabilities.

  • Self-motivated, proactive, and able to work independently.

  • Strong problem-solving and organizational skills with attention to detail.

What we offer

At RHB Banking Group, we foster a collaborative and inclusive work environment where you can grow and perform at your best. You can expect competitive rewards, development opportunities, and a supportive culture that values your contribution.

Only shortlisted candidates will be notified.

Skills Required

  • A degree or professional qualification from an institution recognized by the Government of Malaysia
  • Knowledge and/or experience in the insurance industry
  • Strong analytical skills with knowledge of insurance products and market practices
  • Proven ability to achieve profitability and sales targets
  • Good interpersonal and communication skills
  • Good contact network and relationship-building capabilities
  • Self-motivated, proactive, and able to work independently
  • Strong problem-solving and organizational skills with attention to detail
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The Company
HQ: Kuala Lumpur
14,000 Employees
Year Founded: 1997

What We Do

We are a multinational regional financial services provider that is committed to deliver complete solutions to our clients through differentiated segment offerings and an ecosystem that supports simple, fast and seamless customer experience, underpinned by cohesive and inspired workforce and relationship built with stakeholders Headquartered and listed in Malaysia, RHB Banking Group is the longest established local bank, formed though the mergers of several banks, the oldest of which was founded in 1913. RHB Banking Group and its subsidiaries provide a full range of services ranging from retail banking, business banking, corporate and investment banking, Islamic banking, transaction banking to treasury, insurance, asset management, private equity and stockbroking services. TOGETHER WE PROGRESS Our strong heritage is the foundation of our commitment to continue serving the community. For over a 100 years, we have been helping people and businesses grow and succeed, and will continue to do so. Our experience gives us an in-depth understanding of the needs of our customers and partners, inspiring us to constantly innovate and improve to serve them better. With their unending support, we have established ourselves with a strong footprint throughout Malaysia and we are now present in 9 other countries across the ASEAN region. We hope our legacy and pursuit for excellence continues as we tirelessly cultivate and nurture the next generation through our actions and words, preparing a brighter future ahead. We thank those who believe in us and welcome everyone to join us on our exciting journey of progress. The time has come for us to move forward in unison, to realise our greater potential together. Our new brand promise "Together We Progress” honours our past, celebrates the present and welcomes the future. We invite you to join us as we work towards a better and brighter future for all.

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