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Sales Manager
1 month ago
Who are we?
Sanlam Developing Markets [SDM] (a wholly-owned subsidiary of Sanlam Life Limited) is one of the top financial services providers in the South African entry-level and emerging middle market. It aims to understand the unique requirements of clients and offers a wide range of simple and affordable financial solutions that cover needs such as funeral insurance, savings for education, life cover and personal accident plans. In terms of the Sanlam Group Governance Policy, SDM is managed by the SA Retail Mass cluster, which is part of the Sanlam Life and Savings cluster within the Sanlam Group. The cluster focusses on retail products, as well as group schemes.
What will you do?
KEY RESPONSIBILITIES
1. Business planning
Work with Branch Manager and contribute operational insights to monthly, quarterly and annual business planning. Work with Branch Manager to determine sales targets for the team, in line with and in support of the objectives and strategy for the Branch, Area and Province.2. Sales managemen t
Communicate and manage the achievement of sales targets to ensure growth in clients and profit. Plan and manage the weekly and monthly activities of representatives (Financial Advisors) in line with sales targets. Responsible for the operational effectiveness of the team: Monitor and reduce the number of NTUs (not taken up premiums). Investigate NTUs, identify problems and recommend/implement solutions to rectify. Secure client retention through managing the quantity of cases written by Financial Advisors and quality of service in line with relevant standards.3. People management
Work with Human Capital and Talent Acquisition to put the necessary capacity / capability in place to achieve sales targets. Coach and develop team members, providing the necessary guidance, training, and work exposure to ensure personal and career growth.4. Monthly planning and reporting
Draw daily and weekly reports to monitor activities and the achievement of sales targets. Work with Financial Advisors to adjust tactics where necessary. Responsible for monthly reporting of sales and team activities. Analyse data to identify areas of improvement and plan for the next month. Conduct monthly and annual planning based on reports.5. Stakeholder engagement
Identify key internal and external stakeholders (branch managers, customers, commercial companies, facilities, . Determine effective engagement tactics that will contribute to building and maintaining relationships. Engage with clients address escalated queries. Ensure the efficient resolution of queries and provide timely feedback. Manage and coordinate the delivery of internal stakeholders supporting the teams (support functions).
Qualifications and Experience
Grade 12 Meet the qualification requirements in line with their DOFA: Individuals who joined the industry prior to 2010 must have obtained their 30 or 60 credits or alternatively obtained a full qualification as per the FSCA’s list of recognized qualifications. Individuals who joined the industry from 2010 must have obtained a full qualification (120 Credits at NQF Level 4 for Categories B1 and B2) as per the FSCA's list of recognized qualifications at the point of recruitment. It would be advantageous for the individual to meet the following criteria but not compulsory: In order to register for the Retail Pensions Category, the Manager must have obtained a full qualification (120 Credits. at NQF level 4 would be required and NQF level 5 would be advantageous Categories B1 and B2) as per the FSCA's list of recognized qualifications at the point of recruitment. RE 5 required from date of appointment)
Class of Business
Should the candidate have been deemed Fit and Proper for Tier 1 by 01 April 2018, the candidate is then deemed competent for Class of Business. All applicants that were still under supervision for any competency requirement pre or post 01 April 2018 will be required to have obtained Class of Business prior to appointment. If a potential candidate has not completed Class of Business they are still deemed to be under supervision and cannot be appointed as a Sales Manager.
Knowledge and Skills
At least 2 years sales experience of which at least 1 year must be within the financial services industry (Cat B1/Cat B2/Retail Pensions) A minimum of one year management experience Relevant Regulatory frameworks, policies, and standards Sanlam insurance products (ideal) People management practices and principles Where the appointment is an internal appointment, past performance must be checked to ensure that all company criteria was met
Personal Qualities
Good leadership skills. Entrepreneurial with good business acumen. Strong action orientation Good written and verbal communication skills. Ability to make decisions. Initiative and innovativeness. Planning and organizing. Achievement orientation. Negotiation skills. Coaching and enabling skills
Build a successful career with us
We’re all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping our employees to realise their worth. Through its five business clusters – Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.
Core Competencies
Cultivates innovation - Contributing through othersCustomer focus - Contributing through othersDrives results - Contributing through othersCollaborates - Contributing through othersBeing resilient - Contributing through others
Turnaround time
The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers.
