Lets Write Africa's Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
naThe Assistant Bancassurance Manager leads the banca sales strategy for insurance products within the organization, focusing on maximizing sales through bank channels. Collaborating with internal stakeholders and banking partners with an aim of meeting revenue targets, ensuring regulatory compliance, enhancing market presence and customer satisfaction.1. PRINCIPAL ACCOUNTABILITIES.
- Cultivate and maintain strong relationships with banking partners to promote bancassurance products.
- Collaborate with insurance providers to develop compelling product offerings tailored to customer needs.
- Conduct regular training sessions for bank staff to enhance product knowledge and sales
- Set up clear targets for sales and confronting poor performance when identified in order to ensure maximum productivity as well as motivating staff.
- Monitor Banks performance and addressing the reasons for failure to avoid unnecessary surprises in performance as well as implementation of strategies to take advantage of the opportunities unfolding.
- Conducts joint-field work with Branch Relationship Managers if necessary to support their endeavors in bringing in business.
- Set sales targets and performance goals for bancassurance sales teams.
- Monitor sales activities, track performance metrics, and provide regular reports to senior management.
- Implement effective sales strategies to maximize revenue generation and market penetration.
- Foster a customer-centric culture within the bancassurance team, emphasizing service quality and customer satisfaction.
- Address customer inquiries, complaints, and feedback in a timely and professional manner
2. KNOWLEDGE AND EXPERIENCE.
Minimum education:
- Bachelor’s degree in business administration, Finance, or related field. Master’s degree preferred.
- Professional qualifications required i.e. AIIK or ACII
Experience:
Over 6 (six) years of experience in the insurance industry, with a focus on Bancassurance distribution channels.
3. SKILLS AND COMPETENCIES.
Bachelor’s degree in business administration, Finance, or related field.
- Proven experience in bancassurance sales management or related roles within the financial services industry.
- In-depth knowledge of insurance products, regulations, and market trends.
- Strong leadership abilities with a demonstrated ability to motivate and inspire teams.
- Excellent communication, analytical, negotiation, and interpersonal skills.
- Ability to multitask, prioritize tasks, and meet deadlines in a fast-paced environment.
4. ANTI-MONEY LAUNDERING (AML) EXPECTATION
The incumbent will be responsible for ensuring adherence to, implementation of, and adoption of Compliance, Anti-Money Laundering (AML), and Sanctions-related policies, procedures, and process requirements within Old Mutual and its subsidiaries. This includes execution of customer due diligence processes, ensuring compliance with Know-Your-Customer (KYC) standards, conducting ongoing and enhanced due diligence, and maintaining data quality. Additionally, the role involves identifying and monitoring potential AML, Sanctions, or Compliance breaches and unusual activities, and escalating these concerns to the Risk and Compliance Office for further action.
Skills
Competencies
Builds NetworksBusiness InsightCommunicates EffectivelyCustomer FocusDecision QualityEnsures AccountabilityManages ComplexityPlans and AlignsEducation
Closing Date
23 December 2025 , 23:59The Old Mutual Story!
Similar Jobs
What We Do
Old Mutual Limited is a listed company on the Johannesburg Stock Exchange and has secondary listings on the London, Malawi, Namibia and Zimbabwe stock exchanges. As a Pan-African financial services company, we are focused on Africa, her needs and her people. Together with you, we have educated our children, given more homes warmth and light, empowered small businesses and improved infrastructure in Africa. Our story will continue #WithAfricaForAfrica
