Assistant Manager- Business Development (Broker Channel) – FAK at Absa Bank Limited

Job Description

Job Summary

To deliver the targeted business growth with the right parameters for business mix, debt, and loss ratios.

Job Description

Business Development

Management of broker Relationships to deliver targeted premium outputs.
Pipeline business management quotation processing and transmitting the same to brokers within TATSs
Draw up and operationalize SLAs with brokers for differentiated service delivery.
Adhere to Interdepartmental Service level Standards in liaison with Underwriting team across the branches.
Champion cross selling for corporate business and other special assignments as allocated
Collect market intelligence through research by reading articles, publications, internet, word of mouth and networking daily to keep abreast of market developments.
Assess market opportunities with respect to competitor sales sources by remaining in touch with market forces and influencing.
Manage knowledge capital by collecting, categorizing, storing, protecting, and distributing the results of market.

Financial

Deliver financial parameters for GWP, loss ratios, cross selling
Debt management broker as per the debt management standard.
Manage and control expenditure for travel, events, and promotional items. Plan, assign and allocate funds for events plans, or promotional items required for brand management through brand management activities as per the structured calendar

Operations & Compliance

Actively keep up to date with all relevant knowledge, legislation and developments within the business unit and insurance industry that may have an impact on the Business Advantage
Coordinate Compliance with Regulatory requirements for Brokers for licensing and on boarding requirements as per ABC Third party Standards.
Management reporting

Prepare accurately production reports/ other statistics for management reporting
Represent the department in the absence the head of the department in various business reporting

Education and Experience Required:

Bachelor’s degree in a business-related field(Actuarial Science, Commerce, Insurance, Business Administration)
Professional qualification in Insurance (ACII, AIIK)
7 – 10 years of sales management and business development experience in Insurance, at least 1-2 of which should be in General Insurance and holding a management role.
An eye for detail, strong organizational skills and able to take responsibility for own workload.
Strong analytics skills
Demonstrated integrity and professional competence as reflected in work performance and results.
Excellent written and spoken communication skills.
Must be a team player.

Knowledge & Skills and Competencies:

Knowledge of insurance regulatory requirements
Knowledge of insurance products
Sales and marketing management skills
Effective client relationship management.
Business Analytics skills

Education

Higher Diplomas: Business, Commerce and Management Studies (Required)