Strategic Broker Development Manager
1 week ago
Rand Mutual Admin Services seeks an experienced Strategic Broker Development Manager to drive business growth in the Employer Benefits and Group Risk Market space. This key role involves developing and executing strategies to build strong relationships with leading national brokers, ensuring delivery of our Shared Social Value objectives.
Key Responsibilities:
• Develop and implement a comprehensive broker development strategy to drive business growth
• Lead, manage, and mentor the broker development team, ensuring alignment with company objectives
• Set performance targets for the broker channel and ensure they are met or exceeded
• Build and maintain strong relationships with key brokers in the employer benefits & Group Risk Market space
• Work closely with brokers to understand their needs, challenges, and opportunities
• Create and maintain a feedback loop between brokers and internal teams to continuously improve service offerings
• Drive the achievement of sales targets through the broker channel in the employer benefits space by developing and executing tactical plans
• Identify new business opportunities and ensure our products are well-positioned in the broker market
• Monitor market trends, competitor activities, and industry developments to inform strategy
• Provide training, coaching, and support to brokers on products, sales techniques, and regulatory requirements
• Organize and lead regular meetings, workshops, and events with brokers to enhance product knowledge and sales effectiveness
• Ensure all broker activities comply with regulatory and legal standards
Requirements:
• Bachelor's degree in Business, Marketing, Finance, or a related field
• Master's degree is a plus
• Minimum of 7-10 years of experience in the life insurance industry, with a strong background in broker development or sales
• Proven track record of achieving sales targets and growing a broker distribution network
• Experience in managing and developing high-performance teams
• Strong leadership and team management skills
• Excellent communication and relationship-building abilities
• Strategic thinker with a results-driven mindset
• In-depth knowledge of the life insurance industry and broker channels
What You'll Get:
The role comes with a competitive salary package of R1,200,000 per annum, flexible work arrangements (combination of remote and in-office), and various benefits.
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