Let's Write Africa's Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
Execution of the Outsourced Business Solutions growth and profitability drivers and enhance the organisation's presence and reputation within the general insurance industry. Deliver channel value proposition to build and cement relationships in the portfolio of binder brokers.
Key Responsibilities
- Deliver profitability and growth targets by ensuring that services and solutions provided to the binder holder brokers within the candidate’s portfolio meet or exceed defined service level agreements.
- Deliver on coordinated business development opportunities.
- Support the Senior Relationship Manager in making and delivering presentations to binder brokers to ensure alignment of broker and insurer goals and objectives and clearly present the economic result of the business relationship between the two parties.
- Ensure statutory and legislative knowledge is always current in order to resolve binder broker issues and queries, customer complaints.
- Advise the business on corrective solutions to mitigate compliance and business risks and to improve the customer experience whilst complying with governance requirements.
- Ensure adherence to binder contract rights and obligations, organisational policies, practices and procedures.
- Ensure binder audit findings are remediated within agreed timelines.
- Ensure a consistent, detailed understanding amongst all team members of the business development targets, goals, performance levels, products, business rules and conditions.
- Drive opportunities to improve and expand product and service offerings.
- Collaborate with Centre of Excellence Underwriting, Sales, and Services Operations and Claims to develop or enhance the current underwriting strategy with the intent to manage the risk and quality of the business being underwritten, while driving growth targets.
- Proactively monitor sales trends and identify and implement corrective actions as required.
- Lead the implementation of measures that monitor the quality and speed of services provided to brokers/customers.
- Drive new business by managing quotations and conversion ratios to guide conversations/provide status updates.
- Agree and drive targets with binder brokers to achieve growth and profitability budgets.
- Identify cross & up selling opportunities across all products.
Continuous Improvement
- Deliver on campaigns and interventions in line with opportunities, available resources, product scope and best practices.
- Lead the measurement, assessment and reporting on the performance of the portfolio.
- Drive the efficiencies that are required from outsourcing activities to binder partners.
- Ensure that any duplication or wastage is eliminated from the processes within the portfolio.
Service Delivery
- Maintain service, quality and desired outputs across the business process by ensuring compliance to tactical policies, procedures and standards.
- Establish productive operational relationships with key stakeholders in the various channels and administrative teams.
- Develop work routines in line with operational plans/schedules in order to manage achievement of service delivery goals.
- Share knowledge on, and participate in the creation of new standards, control systems and procedures to maintain service delivery.
Cost Efficiency
- Contribute to the development and implementation of fit for purpose budgets.
- Manage supplier relationships, and budgets associated with projects.
People Practices
- Align own behaviour with the organisation culture and values.
- Share and transfer multiple product, process and systems knowledge to colleagues and team members.
- Collaborate and work with the business to deliver required service levels.
- Actively share information with other team members regarding successes, issues, trends and ideas.
Experience, Knowledge & Skills Required
- Grade 12 with Insurance Level IV qualification.
- Relevant tertiary qualification would be advantageous.
- 5 – 8 years' experience in Underwriting and leading a team of Portfolio Managers.
- 3 – 5 years' experience in insurance sales.
Competency Descriptors
- Customer : Putting the customer at the heart of business decisions and driving to improve value for customers.
- Collaboration : Creates trust, respect and builds meaningful relationships. Able to handle a wide range of relational challenges to ensure collaboration across boundaries.
- Leading with Influence : Influences and rallies people behind common goals; actively supports growth and inspires others to exceed expectations. Communicates clear strategies and objectives for own function.
- Innovation : Generates creative/out of the box solutions. Challenges the status quo and/or demonstrates ability to relate to challenges from a range of diverse but relevant perspectives. Willing to take calculated risks when introducing novel ideas.
- Personal Mastery : Learns and actively works to build self-awareness; develop through experience and feedback from others. Copes effectively with stress and has the resilience to take on stretching and challenging assignments. Adjusts effectively to work within new work structures; processes; requirements and cultures.
- Executing : Displays consistent energy, drive and perseverance in order to deliver results. Demonstrates a willingness to take calculated risks to achieve stretch performance goals.
Closing Date: 21 October 2024
The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.
Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.
All prospective employees are required to disclose their vaccination status as part of the recruitment process.
Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.
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