Head of Bancassurance & Alternate Channels at Old Mutual Kenya

Job Description

To innovate, strategize and execute plans to acquire & retain business and manage the relationship with Banks and non-traditional distribution channels (Micro-Finance Institutions, Saccos, Digital & Aggregator groups). To enhance existing business relationships as well as identify and develop new ones to expand retail & group distribution channels so as to achieve set business targets.

PRINCIPAL ACCOUNTABILITIES

• Prospecting for new product lines and revenue
• Managing Banks’ and non-traditional sales channels’ relationships Proposing and implementing value propositions to retain and grow revenues
• Support marketing and promotional activities for Distribution channel partners
• Provide quotations to the Distribution channel partners on a timely basis
• Accurately and timely generate business development reports
• Develop and implement new distribution channels in consultation with the Distribution Director
• Meet assigned targets for profitable sales volume and strategic objectives as assigned.
• Advise on potential products and device strategies to enable the company respond appropriately to emerging business opportunities.
• Monitor channel performance and deal with evolving issues to avoid undesirable outcomes.
• Recruit, train, coach and retain high level partners to meet set annual targets and drive results through Activity Management, Reward & Recognition programs, etc. 
• Build a performing Alternative Distribution sales team and enhance their performance through coaching.
• Host regular general-purpose staff workshops to communicate policy and develop team.
• Ensure Management reports are sent on timely basis.  Interpret the reports to make relevant changes in the day to day Management of the Channels.

• Formulate and implement Direct Marketing Strategy with all key alternative channels to meet set targets

KNOWLEDGE AND EXPERIENCE.

• University degree with professional qualifications in Insurance, Sales Management, Customer Care and Relationship Management
• Experience in project management will be an added advantage
• At least 3 years’ selling and 5 years’ Sales Management experience in Banking, Insurance or Telco sectors

KEY SKILLS AND COMPETENCIES

• Highly Motivated, Go getter attitude with staying ability to start and complete new projects
• Great networking and prospecting skills
• Excellent Negotiation & Presentation skills
• Customer Relationship building and management
• Flair for Sales and  Marketing

Closing Date: 02 December 2022