Job Description
Our business product offering has grown significantly over the years which lead to the development of the face to face distribution channel (Commercial and Personal).
The incumbent of this position will head up a team of Regional Managers including OUTsurance Brokers located in their designated region.
The key outputs for this role are as follows :
- Achievement of performance measures
- Business development
- Coaching
- Working with data to inform business outcomes
- People Development and Management
- Risk management
- Customer Relationship Management
The OUTsurance Broker General Manager must align themselves with the OUTsurance culture and values of Awesome Service, Passionate, Honest, Human, Dynamic and Recognition as well as aligning themselves to the leadership quotients.
Responsibilities
Targets and Business Management
Support the achievement of OUTsurance Brokers by giving input on initiatives within the company in order to enhance sales volumesFacilitate the achievement of performance measures .Facilitate the communication of agreed performance measures to the OUTsurance BrokersCommunicate the necessary expectations of all parties involved in order to meet collaborative goalsReport to the OUTsurance Brokers key changes in strategic direction, structures and operating models in order to ensure transparent communication and effective operation within the regionExplain and agree targets with individual OUTsurance Brokers, communicate to all levels and take accountability for the overall achievement of performance objectives in the business area in terms of employee satisfaction, customer experience, cost performance and return on investmentProvide clear direction to team members on the OUTsurance Brokers strategic and execution plans and key focus areas and ensure their understanding and buy-in by explaining their expected contribution to achievement of business objectivesManage regional budgets including signing off of invoices and quotes within mandate. Escalate out of budget items to the Head of Sales for approvalReview performance against balanced score card components as prescribed by the Head of Sales , discuss gaps and agree action plans to close gapsBenchmark productivity of the region against industry standards and create measures to improve productivityAssist OUTsurance Brokers, as necessary, by interacting with clients in order to facilitate sales and / or client concerns / complaintsCoaching
Coaching all OUTsurance Brokers within the region to promote a productive sales environment to ensure sales targets are reachedMeet with OUTsurance Brokers in the regional team on a regular basis in on a one on one basis to coach them on best practice sales processesCoach the OUTsurance Brokers on issues and challenges they are experiencing in the region and provide guidance to them on resolving the issues by e.g. brainstorming around the issues / challenges or creating support network for the OUTsurance Brokers to align toPeople Management
Actively participate in the recruitment and selection process of all OUTsurance Brokers by interviewing new team members including determining appropriate compensation levels per the relevant remuneration model for OUTsurance BrokersEstablish and maintain a succession plan for the regional team of OUTsurance Brokers by seeking and attracting OUTsurance Brokers on an ongoing basisCreate effective workforce plans and recruitment demand plans for own region to ensure that current and future business requirements can be met. Plans should be revised at least twice a year or as and when requiredWork with OUTsurance Brokers in the team to achieve excellent business results through continuous people development and mentoring activitiesConduct meaningful performance development discussions with OUTsurance Brokers and ensure that agreed action plans are implementedDetermine and analyze training and development needs for OUTsurance Brokers. Ensure that identified training is budgeted for and executedMotivate OUTsurance Brokers in allocated regions and ensure that their efforts are recognizedRisk management
Communicate processes, control requirements and risk management frameworks that impact the sales process in own region and provide documented support to ensure understanding and for reference by OUTsurance BrokersCoach team members on all the processes and controls that they have to execute in their daily work and ensure that they understand the reasons for the controls and the consequences for failing to adhere to the prescribed processesOwn and agree corrective action items arising from Compliance, Internal Audit and / or Management assurance findings related to the functional area under managementEnsure that OUTsurance Brokers in own region complete all required compliance exams and attestations within specified timeframes. Do not allow OUTsurance Brokers to work until they have completed pre-requisite compliance trainingEnsure team understands all compliance requirements and call for the area’s Compliance Officer to conduct briefing sessions if gaps are identifiedEnsure that all regulatory requirements are adhered to by facilitating knowledge acquisition by OUTsurance Brokers. Provide information on all changes to policies, processes and procedures that are being planned and ensure that team members read circulars that are relevant to the area and answer questions they may haveIdentify Business Opportunities
Identify and manage the creation of new business opportunities for the region in order to expand the market size for OUTsurance Brokers and support the OUTsurance Brokers with new sales opportunitiesIdentify new business offerings for the OUTsurance Brokers in order to provide additional sales opportunitiesCompetencies
Self-starterInfluential, concise, rational and practical communicatorCreative flair and innovative thinker with a passion for salesSound understanding of businessIncredibly well spoken with strong interpersonal and negotiation skillsRelationship managementChange and project management skillsThe ability to manage multiple projects within tight deadlinesSelf-motivated team player, able to inspire colleagues and display leadership by exampleDiscretion, judgment and high levels of trustQualifications
Essential
Relevant B Degree and / or equivalent NQF7Higher Certificate / Diploma in the insurance industryRE 1 / RE 5 / FAIS qualificationsMinimum 5 years’ experience as a key stakeholder / manager in insurance Sales and Business DevelopmentMinimum of 5 years’ experience in a Sales Management role with emphasis on people managementStrong flair for numbers and an ability to augment business rationale with supporting calculationsStrong understanding of the Face to Face Distribution model in a direct insurer / tied agency environmentExcellent people management skills, including a track record of successfully leading large sales teamsSolid Business Development understanding with specific focus to sales optimization as well as performance drive of the OUTsurance Brokers.Additional Information
The OUTsurance General Manager will report directly to the Head of Sales, as well as other internal and external stakeholders, including : the Actuaries, Training, Marketing, Compliance and HR departments.
An ideal candidate will be able to align their personal work values to the OUTsurance values of Awesome Service, Dynamic, Honest, Human, Passionate and Recognition.
In accordance with OUTsurance Insurance Company Ltd Employment Equity goals, preference will be given to individuals who meet the job requirements and are from the various designated groups.
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