Sales Executive

Position : Sales Executive

Location : Turbhe, Navi Mumbai

To apply: hr@parasco.in

Salary : based on interview and experience.

Experience: Minimum 4+ Years

Gender : Any
• Immediate Joiners are preferred.

Skills : Insurance , SIP, Mutual Funds

Position Overview :

The Sales Executive in Financial & Trading Insurance is a key member of the sales team responsible for generating revenue and driving growth in the financial and trading insurance sector. The role involves identifying and pursuing new business opportunities, building strong relationships with clients, and promoting insurance products and services tailored to meet the specific needs of financial and trading organizations. The Sales Executive will collaborate with internal teams, including underwriters and risk assessors, to provide comprehensive insurance solutions to clients in the financial and trading industries.

Key Responsibilities:
• Business Development: Identify potential clients in the financial and trading sector, including banks, investment firms, trading companies, hedge funds, and other relevant businesses. Prospect and generate leads through various channels, including cold calling, networking, and referrals.
• Client Relationship Management: Cultivate and maintain strong relationships with existing clients to ensure client retention and satisfaction. Understand clients' insurance needs and provide appropriate coverage solutions to address their risk exposures effectively.
• Consultative Selling: Conduct in-depth needs analysis and consult with clients to

understand their financial and trading operations, risk management strategies,

and insurance requirements. Offer tailored insurance solutions that align with

their specific needs.

 Insurance Product Promotion: Effectively communicate the features and benefits

of insurance products and services to clients. Provide clear explanations of

coverage options, policy terms, and conditions.

 Quoting and Proposal Preparation: Prepare accurate and competitive insurance

quotes and proposals based on clients' risk profiles and requirements. Present

proposals to clients in a professional and persuasive manner.

 Negotiation and Closing: Engage in negotiation with clients to reach mutually

beneficial terms for insurance contracts. Secure signed agreements and policies to

finalize sales.

 Market Research: Stay abreast of market trends, competitor activities, and

industry developments in the financial and trading insurance sector. Utilize

market insights to enhance sales strategies and stay competitive.

 Sales Reporting: Maintain accurate and up-to-date sales records, reports, and

client information in the CRM system. Provide regular sales performance updates

to management.

 Compliance and Regulatory Adherence: Ensure compliance with all relevant

industry regulations and guidelines while conducting sales activities.

 Team Collaboration: Collaborate with underwriters, risk assessors, and other

internal teams to develop comprehensive insurance solutions for clients.

Requirements:

 Bachelor's degree in Business, Finance, Insurance, or a related field.

 Proven track record in sales, preferably in the financial services, insurance, or

trading industry.

 In-depth understanding of financial and trading operations, risk management,

and insurance concepts.

 Excellent communication and negotiation skills, with the ability to build and

maintain strong client relationships.

 Self-motivated and target-driven, with the ability to work independently and as

part of a team.

 Strong analytical skills to assess client risk exposures and recommend appropriate

insurance solutions.

 Knowledge of various insurance products, including property and casualty,

liability, and financial lines insurance, is an advantage.

 Familiarity with insurance regulations and compliance standards in the relevant

market.

 Proficiency in using CRM software and sales-related tools.

 Ability to adapt to a fast-paced and dynamic environment.

Job Types: Permanent, Full-time

Benefits:
• Health insurance
• Provident Fund

Shift:
• Day shift

Supplemental pay types:
• Performance bonus
• Yearly bonus

Travel requirement:
• No travel

Ability to commute/relocate:
• Thane, Maharashtra: Reliably commute or planning to relocate before starting work (Required)

Education:
• Bachelor's (Preferred)

Experience:
• Business development: 6 years (Required)

Language:
• English (Preferred)

Work Location: In person