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Old Mutual
Banking + 2 more
Description
v
SKILLS, KNOWLEDGE & COMPETENCIES
- Deep understanding of life insurance products & distribution models
- Strong negotiation, relationship-building, and communication skills
- Strategic thinker with a results-driven approach
- Ability to work collaboratively across teams and manage multiple projects simultaneously
3. QUALIFICATIONS & EXPERIENCE
- Bachelor’s degree in Insurance, Finance, Business, or a related field
- Diploma in Insurance / LOMA/CII
- 7+ years of experience in a similar role with a proven track record in sales and relationship management
- Proven track record of driving revenue growth through strategic partnerships
- Experience in insurance digital sales and partnerships is an added advantage
Responsibilities
A. Strategic Partnership Development
- Identify and evaluate potential partners, including financial institutions, affinity groups, technology platforms, and brokers etc to expand life, general and health insurance distribution channels
- Develop partnership strategies that align with the company’s growth objectives and customer acquisition goals
- Lead negotiations to establish high-value, mutually beneficial partnerships
B. Business Growth and Revenue Generation
- Drive revenue growth through new and existing partnerships by creating tailored solutions and offerings
- Develop joint business plans with partners, including marketing, sales, and operational initiatives to achieve agreed targets
- Oversee the launch and scaling of partnership initiatives & ensuring seamless execution
C. Collaboration and Internal Alignment
- Work closely with internal teams such as product development, underwriting, actuarial, marketing, IT and operations to design partner-specific insurance solutions
- Ensure partnerships comply with regulatory requirements and internal standards
- Act as a liaison between external partners and internal stakeholders to maintain alignment and resolve challenges
D. Relationship Management
- Build and nurture long-term relationships with key partners, ensuring ongoing collaboration and loyalty
- Serve as the main point of contact for partners, addressing their needs and ensuring satisfaction
E. Market Analysis and Innovation
- Monitor market trends, competitive activities, and regulatory changes to identify new opportunities for partnership-driven growth
- Explore innovative partnership models, such as Insurtech collaborations and digital integrations, to drive sales, and customer engagement
F. Performance Monitoring and Reporting
- Establish KPIs to measure the success of partnerships and track performance against goals
- Regularly report on partnership performance and provide actionable insights to senior management
- Identify areas for improvement and recommend adjustments to strategies as needed
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