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OUTsurance is a customer-centric financial services company with a global foot print. We are vibrant, successful and values orientated with an awesome dynamic culture encapsulated by the ethos that clients and staff “always get something OUT.” Our success can be attributed, amongst other things, to the outstanding people that work for us.
Job Description
Our business product offering has grown significantly over the years which lead to the development of the face to face distribution channel. To facilitate this model the positions for OUTsurance Broker Regional Manager: Sales (Face to Face) have emerged.
The incumbent of this position will head up a team of OUTsurance Brokers located in their designated region.
Competencies
Self-starter
Influential, concise, rational and practical communicator
Creative flair and innovative thinker
Sound understanding of business
Incredibly well spoken with strong interpersonal and negotiation skills
Relationship management
Strategy and project management skills
The ability to manage multiple projects within tight deadlines
Self-motivated team player, able to inspire colleagues
The Regional General Manager: Face to Face Distribution must align themselves with the OUTsurance culture and values of Awesome Service, Passionate, Honest, Human, Dynamic and Recognition.
Responsibilities:
Targets and Business Management
Facilitate achievement of set targets in the region and by driving sales performance at all times.
Communication of agreed targets to OUTsurance Brokers within the regions
Report, to the OUTsurance Broker, changes in strategic direction, structures and operating models in order to ensure transparent communication and effective operation within the region
Explain and agree targets with individual OUTsurance Broker , communicate to all levels and take accountability for the overall achievement of performance objectives in the business area in terms of employee satisfaction, customer experience, cost performance and return on investment
Provide clear direction to team members on the strategic plan and key focus areas and ensure their understanding and buy-in by explaining their expected contribution to achievement of business objectives
Manage and drive the turnaround time in terms of targets to ensure a high sales performance within the region
Manage the delivery of deviance reporting to the OUTsurance Broker General Manager monthly/as and when requested in order to provide recommendations and mitigating solution to deviances that have occurred (e.g. sales targets not met etc.)
Review performance against balanced score card components as prescribed by the OUTsurance Broker General Manager, discuss gaps and agree action plans to close gaps
Assist OUTsurance Broker as necessary, by interacting with clients in order to facilitate sales and/or client concerns/complaints
Coaching
Coaching all OUTsurance Brokers within the region to promote a productive sales environment to ensure sales targets are reached
Meet with OUTsurance Broker in the regional team on a regular basis in on a one on one basis to coach them on best practice sales processes
Coach the OUTsurance Broker on issues and challenges they are experiencing in the region and provide guidance to them on resolving the issues by e.g. brainstorming around the issues / challenges or creating support network for the OUTsurance Broker to align to
Coach OUTsurance Broker (one on one and / or in groups)on how to use the relevant OUTsurance Face to Face Distribution systems and advise them on diary management in order to upgrade their sales skills
Coach OUTsurance Broker in instances where new projects, campaigns and products are launched into the regions and provide them with all relevant, updated information to enable them to produce sales
Coach OUTsurance Broker on all compliance-related processes, procedures and documentation and monitor their adherence to the same
People Management
Actively participate in the recruitment and selection process of all OUTsurance Brokers by interviewing new team members including determining appropriate compensation levels per the relevant remuneration model for OUTsurance Broker
Establish and maintain a succession plan for the regional team of OUTsurance Broker by seeking and attracting OUTsurance Broker on an ongoing basis
Create effective workforce plans and recruitment demand plans for own region to ensure that current and future business requirements can be met. Plans should be revised at least twice a year or as and when required
Work with OUTsurance Broker in the team to achieve excellent business results through continuous people development and mentoring activities
Conduct meaningful performance development discussions with OUTsurance Broker and ensure that agreed action plans are implemented
Determine and analyse training and development needs for OUTsurance Broker . Ensure that identified training is budgeted for and executed
Motivate OUTsurance Broker in allocated regions and ensure that their efforts are recognized
Ensure that poor performance is addressed and that continued poor performance is dealt with in line with the company/department standards
Approve leave requests for OUTsurance Brokers and manage the leave planning for own team of OUTsurance Brokers effectively
Act as first level escalation point for all grievances raised by OUTsurance Broker in the region
Risk management
Communicate processes, control requirements and risk management frameworks that impact the sales process in own region and provide documented support to ensure understanding and for reference by OUTsurance Broker
Coach team members on all the processes and controls that they have to execute in their daily work and ensure that they understand the reasons for the controls and the consequences for failing to adhere to the prescribed processes
Ensure that OUTsurance Broker in own region complete all required compliance exams and attestations within specified timeframes. Do not allow OUTsurance Broker to work until they have completed pre-requisite compliance training
Ensure that all regulatory requirements are adhered to by facilitating knowledge acquisition by OUTsurance Broker . Provide information on all changes to policies, processes and procedures that are being planned and ensure that team members read circulars that are relevant to the area and answer questions they may have
Identify Business Opportunities
Identify and manage the creation of new business opportunities for the region in order to expand the market size for OUTsurance Brokers and support the OUTsurance Broker with new sales opportunities
Identify new business offerings for the OUTsurance Broker in order to provide additional sales opportunities
Transformation:
Ensure that all operations are in line with the company-wide’s transformation policies
Qualifications
Qualifications
Relevant B Degree and/or equivalent NQF6
RE and FAIS Qualifications
Minimum 5 years’ experience as a key stakeholder in insurance Sales and Business Development
Minimum of 3 years’ experience in a Sales Management role with emphasis on people management
Strong flair for numbers and an ability to augment business rationale with supporting calculations
Strong understanding of the Face to Face Distribution model
Excellent people management skills, including a track record of successfully leading large sales teams
Solid Business Development understanding with specific focus to sales optimization as well as performance drive of the OUTsurance Brokers
Experience
A Proven track record of your sales experience and your ability to lead a team of successful Face to Face Sales staff.
Additional Information
Reporting Lines:
The Regional Manager Sales: Face to Face Distribution report directly to the General Manager Sales: Face to Face Distribution and will work closely with the Executive Commercial Agents
Additional Information:
In accordance with OUTsurance Insurance Company Ltd Employment Equity goals, preference will be given to individuals who meet the job requirements and are from the various designated groups.
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