- Published on
SOUTH AFRICAN POST OFFICE (SAPO) - HEAD BANCASSURANCE - HEAD OFFICE - PRETORIA
SOUTH AFRICAN POST OFFICE (SAPO)
RE-ADVERTISEMENT INTERNAL & EXTERNAL
Job Title
HEAD: BANC ASSURANCE (L4)
(Position based in NPC, Pretoria)
Reports to: Chief Commercial Officer
Summation
Drive long-term and short-term insurance business across Postbank working with all stakeholders to plan, manage, lead and direct the business focus on the distribution of insurance products to achieve business, revenue and profit targets whilst implementing global standards
Key Responsibilities
Strategy and Planning
• Develop & execute an overall business plan covering all insurance activities across all channels based on business targets in alignment with Insurance Partners and global strategy
• Provide strategic business and operational direction for Bancassurance
Financial and Performance Management
• Active management of overall Insurance P&L to deliver customer, business, revenue and profit targets for the business by driving insurance products activities across all channels
• Monthly reporting of insurance financials including, but not limited to, commission reconciliation, financial projections, P&L monitoring, marketing allowance activities, etc
• Increase in penetration of Insurance products across client segments
Product Development and Operational workflow
• Identify insurance product needs for all customer segments with all channels, product managers and segment managers together and develop appropriate product and service propositions / offerings with Insurance Partner/s
• Manage relationship with existing and potential bank partners
• Develop business plans, marketing strategy, process workflow and campaigns with bank partners
• Develop an efficient Bancassurance operations support
• Monitor and manage performance of bank and own Bancassurance team
Monitor operational activities to ensure that they are compliant with
• Local regulations, policies and procedures
• SCB Country level and Group policies and procedures
Marketing and Brand Management
• Initiate, execute and manage marketing programmes and retention strategies in line with business objectives
• Ensure brand compliance for all above and below-the-line communication according to local / global standards for SCB and relevant Insurance Partner
• Prepare and manage annual budgets for the department
Compliance & Control
• Ensure a robust risk management and compliance model for the insurance business across client segments according to local regulations and internal policies
• Ensure active monitoring and maintenance of risk management policies and controls / standards
• Ensure all insurance-related staff and activates are compliant with local and Group policies / standards / controls
• Responsible for any necessary reporting as required by local country insurance authorities and regulators. Group Insurance must be informed of all external communications to regulators
Product Development and Operational workflow
• Identify insurance product needs for all customer segments with all channels, product managers and segment managers together and develop appropriate product and service propositions / offerings with Insurance Partner/s
• Manage relationship with existing and potential bank partners
• Develop business plans, marketing strategy, process workflow and campaigns with bank partners
• Develop an efficient Bancassurance operations support
• Monitor and manage performance of bank and own Bancassurance team
Monitor operational activities to ensure that they are compliant with
• Local regulations, policies and procedures
• SCB Country level and Group policies and procedures
Marketing and Brand Management
• Initiate, execute and manage marketing programmes and retention strategies in line with business objectives
• Ensure brand compliance for all above and below-the-line communication according to local / global standards for SCB and relevant Insurance Partner
• Prepare and manage annual budgets for the department
Compliance & Control
• Ensure a robust risk management and compliance model for the insurance business across client segments according to local regulations and internal policies
• Ensure active monitoring and maintenance of risk management policies and controls / standards
• Ensure all insurance-related staff and activates are compliant with local and Group policies / standards / controls
• Responsible for any necessary reporting as required by local country insurance authorities and regulators. Group Insurance must be informed of all external communications to regulators
Minimum Requirements, Job requirements, Skills & Attributes
Minimum Requirements
Qualifications:
• BSc (Hon) in Actuarial Science NQF Level 8, BSc (Hon) Mathematics, completed CFA, or equivalent qualification in Finance, Statistics, Investment Management and Actuarial Science.
• A master degree in the field of Science, Mathematics, Statistics, Financial Management, Investment Management will be an added advantage.
Experience:
• Candidates having experience in Insurance business especially in Banking Industry would be preferred
• Bancassurance leadership roles, with strong experience in sales and business management, as well as product development.
Knowledge and understanding of:
• Strong and demonstrable track record of successful implementation of product variants and innovative customer offerings
• Demonstrated ability in implementing business plans related to sales, distribution and service
• Strong communication and negotiation skills with the ability to influence outcomes
• Ability to implement change initiatives by taking ownership and working with all stakeholders
• Strong inter-personal skills and coordination ability, which encourages and promotes enthusiasm and team spirit.
• The ability to lead teams of people, flexing style when and where possible to be seen as a thought leader as well as producer
Skills and Attributes
Achievement driven & Attention to detail, Flexibility/Adaptability to Change; Excellent analytical skills; Ability to think strategically; Ability to generate new ideas and creative solutions; Strong relationship and networking skills both external and internal to the bank; Excellent people management skills; Good interpersonal and presentation skills; Strong strategy execution skills; Solid implementation and coordination capabilities; High level of emotional intelligence; Knowledge Management; Managing and developing others; Resilience; Customer and Client Orientation.
Contacts
The South African Postbank SOC Limited is committed to the achievement and maintenance of diversity and equity in employment, especially with regard to race, gender and disability. In compliance with the banks employment equity plans, first preference will be given to candidates from designated groups. Correspondence will be limited to short listed candidates only.
If you wish to apply, please forward your Curriculum Vitae (CV) to recruitment@postbank.co.za.
Please indicate in the subject line the position you are applying for.
Closing date: 28 April 2020
Position numbers: 60066580
Cost Centre: 55332
If you do not hear from the South African Postbank SOC Limited or its Agent within 3 months of this advertisement, please accept that your application has been unsuccessful. The South African Postbank SOC Limited reserves the right not to fill the positions or to re-advertise the positions at any time.