Job Purpose
The Head of Business Development plays a strategic leadership role in driving business
growth through product innovation, opportunity assessment, strategic enablement, and
commercialization across Life and Non-Life insurance segments. The incumbent will
manage a portfolio of development initiatives, lead innovation through research and
insights, and build strategic partnerships that enhance the organisation’s market presence
and client value proposition.
Key Responsibilities
Strategic Growth & Innovation
- Lead cross-functional collaboration to manage the end-to-end product
development lifecycle.
Identify and assess new business opportunities through market research,competitor analysis, and innovation frameworks.
Drive the commercialization of products and expansion into new channels andmarket segments.
Lead the ideation and implementation of solutions through the Innovation Hub,ensuring alignment with strategic priorities.
Portfolio & Initiative Management
Deliver on the Business Development team’s strategic Book of Work aligned to a 3-year roadmap and stakeholder requirements.
Monitor and support pilot projects to evaluate success metrics and scalability.Communicate initiative outcomes in internal forums to enable informed decision-making and operational execution.
Stakeholder Engagement & Enablement
Build and sustain effective relationships with internal departments (e.g. Product,Distribution, Enablement, Marketing) and key external partners.
Collaborate with Product Portfolio Managers and the Marketing Team to conductresearch and benchmark offerings across the portfolio.
Actively participate in product and execution forums to manage product anddevelopment pipelines.
Business Case Development & Risk Integration
Develop business cases with clear insights, market analysis, financial modeling,and execution plans.
Incorporate risk, governance, and compliance requirements into all businessdevelopment initiatives.
Recommend and lead process improvements that support scalability and enhancedelivery impact.
Leadership & Talent Development
Lead, mentor, and support a team of Business Development Managers to ensurestrategic alignment and performance.
Foster a culture of learning, innovation, and execution excellence within the team.Support personal and professional growth through targeted development initiativesand succession planning.
Qualifications & Experience
Minimum Qualifications :
Matric / National Senior Certificate (Essential)Master’s Degree in Business Administration, Insurance, Strategy, or related field(Preferred)
Experience :
Minimum of 8 years' experience in business development, opportunitymanagement, research, and project management within the Financial Services or
Insurance industry.
Proven experience in leading multifunctional teams, launching newproducts / services, and developing strategic partnerships.
Knowledge & Skills
Strong understanding of :o Business principles and financial acumen
o Strategic communication and stakeholder engagement
o Governance, Risk, and Compliance frameworks
o Product development, innovation, and commercialization
o Research and market insight methodologies
o Project and portfolio management practices
o Operational systems and business process optimization
Behavioural Competencies
Innovation – Champions and drives creative thinking and new market solutionsStrategic Decision Making – Assesses opportunity and risk to guide directionPlanning and Organising – Manages complex workstreams with structure anddiscipline
Building Partnerships – Creates value through strong collaboration and influenceContinuous Learning – Promotes professional development and curiosityTechnical / Professional Expertise – Applies deep industry knowledge with strategicint