Latest Job Advertisement at Old Mutual
POSITION: Head of Bancassurance and Alternative Distribution
Old Mutual strongly believes in the potential of Africa, and our varied talent exemplifies this.
Position Overview
Reporting to the Deputy Head of Distribution – Partnerships, this position manages bancassurance, digital, and alternative distribution methods. The current holder identifies possible markets, formulates strategies to access growth areas within pertinent sectors, and performs market research to evaluate opportunities. This position seeks to promote business expansion and improve operational efficiency by examining existing methods and introducing creative solutions.
Responsibilities
Creation of Strategy
Create and execute plans for bancassurance and other distribution partnership avenues that correspond with organizational objectives, while leveraging market trends and growth prospects to enhance new business acquisitions and increase revenue.
Collaboration Enhancement & Income Expansion
- Form and uphold strategic collaborations with financial and other pertinent organizations, utilizing their customer base, distribution channels, and resources to enhance partnership operations and foster business expansion.
- Guarantee outstanding service provision to maintain partnerships and foster sustained growth.
- Enhance current partnerships and create new ones to foster business and revenue expansion.
- Digital and Alternative Channel Management
- Spearheaded digital transformation efforts for our distribution channels by utilizing technology to improve customer experience and optimize processes.
- Create and implement creative approaches to recognize and seize new market opportunities to remain at the forefront of industry developments.
Team Administration
- Offer strategic direction, advice, and assistance to the Bancassurance sales leaders within the team. Cultivate an environment of teamwork, creativity, and ongoing enhancement to promote exceptional performance and staff involvement.
- Encourage a teamwork-oriented and high-achieving atmosphere among the sales team.
Collaboration Across Functions
Work together with various teams to incorporate digital solutions smoothly into our current operations.
Operational Emphasis
- Create and implement marketing strategies to advertise insurance offerings via bancassurance, digital platforms, and other distribution methods.
- Track and assess sales performance, pinpoint areas for enhancement, and implement strategies to achieve sales goals. Guarantee effective lead generation, conversion, and customer onboarding procedures.
- Establish strong risk management strategies to ensure adherence and reduce operational risks, focusing on fraud prevention and safeguarding high standards of data privacy.
- Guarantee adherence to regulatory mandates and industry guidelines in bancassurance and various partnership channel operations. Create and implement governance structures, policies, and processes to reduce operational and legal risks.
- Extra tasks and assignments as directed by management.
Competencies
- Action Oriented
- Builds Networks
- Business Insight
- Communicates Effectively
- Customer Focus
- Directs Work
- Drives Results
- Instills Trust
How to Apply for this Job Advertisement at Old Mutual
Closing Date: January 16, 2025
NOTE:
It is important to keep in mind that employers receive many applications for each job posting and will only select the most qualified candidates. Furthermore, NewsNowGh does not have any influence over the decisions made by employers/recruiters. As a result, we cannot guarantee that sending applications will lead to candidates being shortlisted or selected for a particular position.
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