Introduction: The Head of National Broker Development is responsible for developing and managing strategic partnerships with leading national brokers in the Employer Benefits and Group Risk Market space. Description: THE JOB AT A GLANCE The Head of National Broker Development is responsible for developing and managing strategic partnerships with leading national brokers in the Employer Benefits and Group Risk Market space. This role involves developing and executing strategies to build strong relationships with brokers, ensuring the delivery of the RMAs Shared Social Value objectives and enabling RMAs partners to achieve their business objectives through these group value propositions. WHAT WILL YOU DO? Strategic Planning and Leadership in the Employer Benefits and Group Risk Market space Develop and implement a comprehensive broker development strategy to drive business growth. Lead, manage, and mentor the broker development team, ensuring alignment with company objectives. Set performance targets for the broker channel and ensure they are met or exceeded. Broker Relationship Management Build and maintain strong relationships with key brokers in the employer benefits & Group Risk Marker space, providing them with the necessary support to enhance their sales performance. Work closely with brokers to understand their needs, challenges, and opportunities. Create and maintain a feedback loop between brokers and internal teams to continuously improve service offerings. Sales and Distribution in the Employer Benefits & Group Risk Market space Drive the achievement of sales targets through the broker channel in the employer benefits space by developing and executing tactical plans. Identify new business opportunities and ensure the company's products are well-positioned in the broker market. Monitor market trends, competitor activities, and industry developments to inform strategy. Training and Development Provide training, coaching, and support to brokers on products, sales techniques, and regulatory requirements. Organize and lead regular meetings, workshops, and events with brokers to enhance product knowledge and sales effectiveness. Compliance and Risk Management Ensure all broker activities comply with regulatory and legal standards. Collaborate with compliance and risk teams to manage broker-related risks and ensure ethical practices. Reporting and Analysis Track and report on broker performance metrics, including sales volumes, retention rates, and market share. Analyze sales data and market trends to identify opportunities for growth and areas for improvement. Present regular reports and insights to senior management WHAT YOU'LL BRING TO THE TABLE? Bachelors degree in Business, Marketing, Finance, or a related field. A masters degree is a plus. Minimum of 7-10 years of experience (with 5 years at Senior Management level) in the life insurance industry, with a strong background in broker development & sales in the employer benefits & group risk market space. Proven track record of achieving sales targets and growing a broker distribution network in Employer Benefits/ Group Risk Market space. Experience in managing and developing high-performance teams. Skills Knowledge of the regulatory environment related to life insurance and broker channels. Employer Benefits & Group Risk Market Strong leadership and team management skills. Excellent communication and relationship-building abilities. Strategic thinker with a results-driven mindset. In-depth knowledge of the life insurance industry and broker channels. Ability to analyse data and make informed business decisions. Familiarity with regulatory and compliance requirements in the life insurance sector. WHAT WILL YOU GET IN RETURN? We offer great opportunities for personal and professional development in a stable company thats 130 years strong. The role comes with a competitive salary package and various benefits. Flexible work arrangements (combination of remote and in the office). Furthermore, you will be a part of a dedicated group of colleagues who value teamwork and collaboration. Turnaround time The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers. Kindly note that should you not receive a response within 21 days please consider your application unsuccessful. Closing date: 28 November 2024 Our Commitment to transformation: In accordance with the employment equity plan of Rand Mutual Assurance and its employment equity goals and targets, preference may be given, but is not limited, to candidates from under-represented designated groups. Requirements: Bachelors degree in Business, Marketing, Finance, or a related field. A masters degree is a plus. Minimum of 7-10 years of experience in the life insurance industry, with a strong background in broker development or sales. Proven track record of achieving sales targets and growing a broker distribution network. Experience in managing and developing high-performance teams.
