Job Description
- Compile target lists based on the sales plan for identified clients as well as your own
- Development of new business pipeline
- Prepare action plans for effective search of sales leads and prospects
- Initiate and coordinate development of action plans to penetrate new markets
- Create and conduct proposal presentations to potential Clients
- Achieve new business sales targets in line with sales plans
- Provide after sales service to ensure that the new business vests
- Identify opportunities for up/cross selling and write additional business
- Regular Networking -Identify opportunities and implement marketing and promotional activities
- Build relationships through regular contact, identifying critical decision makers with all stakeholders (Client, Insurers, etc);
- Client Communication – Keep clients informed of developments in the industry and market
- Adhere to FAIS requirements and set company procedures
- Collate all relevant information once opportunity is presented by Potential Client and agree a Mandate.
- Negotiate with Market (Insurers) and obtain best possible proposals. Present to Potential Client using standardized company documentation only.
- Incept covers with Insurers once appointed using standardized company procedures only.
- Obtain a “Letter of Appointment” and “Debit Authority” from Client.
- Issue Client in writing a “Summary of Insurances” in respect of covers laid off
- Introduce the Account Executive to the client appointed on their Account and ensure a smooth handover procedure.
- Maintain a hard copy file throughout process as well as electronic version
Minimum Requirements:
- Matric
- Level 4 FETC Short-term Insurance Qualification
- Passed FAIS Regulatory Exam
- Higher Certificate in Insurance
- Post matric qualification is an advantage (BComm Risk/Accounting, BBA)
- Minimum 7 years short term insurance with 5 of the 7 years in a commercial sales and service capacity in a broking environment.
- Experience writing medium to large commercial accounts
- Successful new business acquisitions
- Experience in customer liaison; building and maintaining relationships
- Experience working in a Brokerage is an advantage
Competencies:
- Business Acumen (understand the economic environment & identify viable financial opportunities)
- Broking skills
- Influencing and negotiation
- Computer Literacy
- Communication
- Delegation
- Analytical Ability
- Numeracy skills
- Networking
- Presentation
- Report Writing
- Decision making
- Time management
- Selling
- Ability to manage own work and outputs
Knowledge:
- Insurance and brokerage industry and environment
- Comprehensive Commercial Insurance Product Knowledge
- Legal requirements of the insurance industry
- Marketing and sales principles
- Knowledge of products and services
- Technical Commercial Insurance Knowledge
- Knowledge of underwriting criteria
Please note only shortlisted candidates will be contacted.
About Other Insurance Jobs in Eastern Cape
The Other Insurance sector is a significant player in the financial services industry, particularly in the Eastern Cape region of South Africa. Typically, this field is characterized by a moderate growth rate, driven by the increasing need for risk management and financial protection solutions among individuals and businesses. As a result, job seekers in this area can expect to find a relatively stable and secure employment market.
In terms of compensation, salaries for Other Insurance professionals in Eastern Cape are generally within the range of R500 000 to R1 000 000 per annum, although this can vary widely depending on factors such as level of experience, company size, industry sector, and specific role requirements. It is essential to note that these figures are broad estimates and should be used as a rough guide only.
Common skills required for Other Insurance roles include strong analytical and problem-solving abilities, excellent communication and interpersonal skills, proficiency in insurance software and systems, and a solid understanding of financial regulations and industry standards. Additionally, professionals in this field often possess technical knowledge in areas such as risk management, policy underwriting, and claims processing. Other valuable skills may include business acumen, leadership abilities, and strategic thinking.
The Other Insurance sector is commonly found in industries such as the financial services sector, technology industry, and manufacturing sector, among others. These sectors require specialized expertise to navigate complex regulatory environments, manage risk, and develop effective insurance solutions for their customers. As a result, professionals with experience in these areas are often in high demand.
Career development opportunities for Other Insurance professionals are numerous, with potential paths including senior management roles, consulting positions, or specialized fields such as actuarial science or risk management. With continued education and training, individuals can enhance their skills, expand their expertise, and move into more senior or specialized roles within the industry.
This information provides general career guidance. Actual salaries and requirements vary by employer.
GO APPLY NOW
Safe & secure application process
Explore More Opportunities
Get Similar Job Alerts
Job Seeker Tip
Learn the common software and tools used in your industry - stay current with technology.
How to Apply
Click “GO APPLY NOW” to visit the company’s application page.
Follow their instructions carefully.
JVR Jobs connects you with employers – we don’t process applications directly.
Latest Job Opportunities
Alberton: Ontvangs/Administratiewe Dame
Opsoek na n ontvangs/administratiewe dame.Ouderdom tussen 25-35Moet in Alberton woon met eie voertuigSelaris sal bespreek word in onderhoudStuur Cv na:…
View JobWestern Cape: Commodities Account Manager posted by Collab SA
What You’ll Be Doing Account & Relationship ManagementAct as the primary point of contact for allocated customersGrow and maintain long-term…
View JobGauteng: Junior FOH / Floor Manager posted by Craven Cottage CC
Duties: Assist in all areas where neededChecking that all duties have been completed by floor staff.Conduct staff performance evaluationsDaily Cash-upDeal...
View JobWestern Cape: Storeman posted by Craven Cottage CC
Duties: Checking and ensuring the items aren’t damaged, is the correct pack size and weight.Storing in the correct storeroom or…
View JobWestern Cape: Housekeeping Supervisor posted by Craven Cottage CC
Duties: Monitor and administer time and attendance policyMonitor staff to ensure accountability in compliance with departmental goals.Execute operational...
View JobWestern Cape: Butler posted by Craven Cottage CC
Duties: Meet guests when they arrive and getting them settled in their roomsAnticipate guests’ needs by learning their preferences, allergies,…
View Job
Browse Employers
Job Alerts