Executive: Distribution; Short-Term Insurance
1 week ago
Job Description,
Lead the development and execution of the distribution strategy for PPS Short-Term Insurance and drive the achievement of sales targets across all channels. Collaborate with the rest of the PPS Short-Term Insurance Executive Team and PPS Group Marketing Function to deliver sustainable growth, superior stakeholder experience, and consistent brand representation.
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Requirements
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Education
- A relevant bachelor's degree is essential
- Certified Finance Planner would be advantageous
- Meet the fit & proper requirements of FAIS
Experience
- At least 10 years Sales Management experience in sales and distribution within the Financial Services/Short Term or similar environment
- 3 to 5 years' experience in Insurance product sales or advice
- Proven track record in people management and leading a sales team
- Proven track record in achieving sales targets
Knowledge And Skills
- Deep understanding of the graduate professional market, wider South African short-term insurance market and short-term insurance products.
- Expertise in sales capacity planning, production margin, acquisition costs, and their impact on business value.
- Working knowledge of Treating Customers Fairly (TCF) and consistency in advice/service delivery.
- Proficiency in MS Office, CRM, and short-term insurance systems.
- Strategic vision, agility, confidence, assertiveness, and resourceful problem-solving.
Competencies
- Target-driven and self-starter
- Persuasive and influential
- Client service orientated
- Team leader and team player
- Self-awareness and resilience
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Duties and Responsibilities
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Sales Leadership & Strategy
- Develop, implement, and monitor sales strategies, business plans, and budgets aligned to PPS Short-Term Insurance's strategic objectives.
- Set and deliver ambitious but achievable sales targets, monitor performance, and drive corrective actions to address gaps.
- Lead the sales and distribution functions, ensuring high productivity, effective pipeline management, and optimal conversion rates.
- Take responsibility for growing premium income, member numbers, and market share.
- Keep abreast of market trends, competitor activities, and regulatory changes impacting sales performance.
- Develop and maintain excellent relationships with the distribution functions of all PPS entities
Collaboration With Group Marketing
- Act as the primary interface with the PPS Group Marketing Function
- Co-develop integrated sales and marketing strategies, ensuring alignment of campaigns, messaging, and member engagement initiatives.
- Participate in campaign planning and execution, providing field feedback and ensuring distribution channels are equipped with the right assets and training.
- Ensure consistent brand representation and compliance with PPS's values and standards across all distribution activities.
- Share market intelligence, sales data, and customer feedback with the PPS Group Marketing Function to inform campaign adjustments and future strategy.
- Drive cross-functional initiatives, including new product launches, digital transformation, and member education.
- Maintain regular communication and shared accountability for results with Group Marketing.
Operational Excellence
- Manage budgets, expenditure, and logistics.
- Oversee lead generation, ensuring a robust and high-quality sales pipeline.
- Work closely with the Chief Operations Officer to drive lead to sale conversion.
- Monitor and report on individual and team sales performance, productivity, and adherence to quality standards.
- Ensure compliance with internal business rules, regulatory requirements (FAIS), and best practices in the department
- Drive continuous improvement in sales processes, intermediary engagement, member experience, and operational efficiency.
People Leadership
- Lead, motivate, and develop the external distribution team, fostering a high-performance culture.
- Build strong relationships with key business partners, intermediaries, and internal stakeholders.
- Promote collaboration, knowledge sharing, and professional development within the team.
- Ensure succession planning and support talent acquisition and retention.
Reporting & Analytics
- Provide regular, insightful reporting on sales performance, pipeline status, campaign effectiveness, and market trends.
- Use data-driven insights to inform strategy, identify opportunities, and address risks.
Risk & Compliance
- Ensure adherence to delegated authority levels, business rules, and compliance policies.
- Proactively identify and mitigate risks related to sales, distribution, and member engagement.
- Support audit, risk, and governance processes as required.
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