Commercial Brokers (Agri) at Standard Bank Group

The Role

• Standard Bank Insurance Brokers is looking for experienced Commercial / Agri Brokers on an Independent Contractor basis. 

Duties and Responsibilities:

• Promotes sales in liaison with brokers and financial institution's leads and services brokers.
• Receives requests for quotations from clients and provides a packaged solution based on client needs.
• Actively promotes company products.
• Profitable Growth in Insurance New Business Sales by promoting and selling Insurance Solutions.
• Explaining and structuring customized insurance options.
• Supporting customers in their completion of insurance application information requirements e.g. financial needs analysis and proposal forms.
• Notifying customers regarding the insurance requirements on loan facilities such as vehicle finance, guarantees, property loans, agricultural production loans, marine, etc.
• Exploring alternative solutions if required in terms of a client’s insurance portfolio risk analysis.
• Continued adherence to disclosure and compliance in terms of the Financial Advisory and Intermediary Services Act (FAIS).
• Quotation – Preparation and obtaining quotes from Insurers.
• New Business – Ensure closing and capturing of New Business with Insurers/Ops.
• Endorsements – Process Endorsement as required by the client.
• Renewals – Obtains Terms from Insurers and present to the client.
• Renewals – Manage the renewal process and conclude renewals prior to the renewal date.
• Cancellations - Process Endorsement as required by the client.
• Claims - Assists and follow up regarding outstanding claims.
• Full and accurate broking submissions to insurers.
• General Service Standards (100% acknowledgment of requests within 24 hours, 100% delivery on commitments made).
• Adherence to all compulsory training and forums, submission of documents and forms required.
• Maintain a minimum of 95% accuracy score from the Quality Assurance audits and timeous adherence to the remedial actions required therefrom.

Required Experience:

• A minimum of 5-10 years previous working experience in Short term insurance is preferable to gain practical exposure to banking principles and to establish credible relationships.
• Must be fully FAIS Compliant
• Regulatory Exam Certificate (RE5)
• Registered FSP Representative (Category 1 and Sub-Category 1.2 and 1.6)
• Fit and Proper as determined by FAIS legislation (Honesty, Integrity and Financial Solvency)