Job Purpose
Achievement of the business targets, income and profit budgets by way of engaging the stakeholders and offering insurance supports and advice to commercial lines customers.
Manage and develop business strategies and identify opportunities within the segments for commercial lines. Implement strategies for profitable results.
Overview of policy classes,
Helping in diversifying our business portfolio into other non- conventional product which is in line with current market trends e.g. Terrorism cover, cables, contractors all risks cover, Marine etc.
Ensuring that policies issued are in line with the risk exposures for Commercial lines clients.
Providing technical input to clients and the team, this should help in revenue generation.
Key Responsibilities/Accountabilities
Sales Management
Oversee the sales performance on commercial lines.
Identify anomalies and develop strategies to rectify and improve performance.
Provide input to branch/regional/national campaigns to ensure maximum penetration into core insurance products.
Maximize penetration of SIA by achieving sales volumes targets timeously
Correction of poor performance
Achieve transformation targets
Relationship building
Constantly maintain a professional environment and celebrate our successes
Timeously feedback to the network
Build relationship with key players and group companies
Attend regular meetings with key stakeholders
Analysis competitor trends, pricing to optimize on sales
Liaise with insurance companies
Service all complaints in respect of our clients
Training
Ensures competency-based training on Advisory products takes place with various stakeholders as and when required.
The stakeholders are trained accredited, and coached on the various products
Management
Servicing of expenses and control cost to income ratios
Control expenses and use them correctly in order for us to achieve the highest return related to business
Analysis MIS and act accordingly
Apply knowledge, resources and experience to resolve problems
Able to follow or professional challenge defined processes
Participate in adhoc company events
Support other business units and other departments within Stanbic Insurance Agency
Live the values and the brand
Be a brand Ambassador
Share best practices, tactics and action plans
Risk & Compliance
Provides complete disclosure to the customers in terms of accreditation, service fees, and commission.
Ensures proper record keeping in terms of Proceeds of Crime and Anti Money Laundering Act, The Banking Act (Cap 488), The Anti-Corruption & Economic Crimes Act, The Insurance Act (Cap 487) and any other relevant legislation
Ensure all forms are completed correctly and send to Operations for uploading to Bancassurance Policy Management system as the record keeper
Assist channel in achieving their risk compliance ratings in terms of all SIA requirements
Ensure customers are satisfied with SIA Advisory products bought in
Preferred Qualification and Experience
Relevant Degree from recognised University
ACII or other relevant high level insurance qualification
Previous banking or Insurance sales
Experience of working within a team that delivers
Experience in the Insurance and insurance broking industry
Proven business acquisition skills
Over 10 years’ experience in handling commercial customers
Knowledge/Technical Skills/Expertise
Understanding of macro-economic, business, social, political trends and the transformation of this knowledge into operational strategy
Create, edit and print files from Word, Excel to capture and analyse Insurance/financial data & Power Point.
In depth understanding of range of products in market, competitor advantages and disadvantages and own product competitive position
A sound understanding of risk cycles pertaining to the industry being analysed.
A good current knowledge and understanding of different industry sectors and sector risk profiles/ trends.
A thorough knowledge of multi-level products available to Personal banking and SME Tier II banking customers.
Extract and apply information to CRM (Customer relationship management) strategy
Full understanding of all products, sound knowledge of the bank processes and procedures
Results orientated/Customer service focused and people orientated
Computer literacy, negotiation, listening skill, presentation skills, sales skills, communication skills, marketing skills and coaching skills
Excellent communication skills
Clear verbal and writing skills, with an ability to explain and interpret data and business information.
Willingness to ask leading questions to ensure communications are fully understood
Ability to listen and pitch level of interactivity with others appropriately
Presentation design and development skills
Negotiation
Networking/ Influencing skills
Excellent networking abilities – uses networks and relationships to achieve business goals
Ability to influence thinking of others – to introduce and drive new ideas and initiativesRelationship building skills
Ability to build and sustain credibility within working relationships
Handling of conflict situations calmly, tactfully and patiently
Ability to understand and acknowledge other perspectives
Receptive to constructive criticism, feedback and ideas from business partners, colleagues and subordinates
Client Service and Relationship Building
Engenders and personally models a client orientated ethic, which is characterised by long term, solution driven relationships
Ensures portfolio and client account plans are implemented
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