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South Africa

Business Development Manager

Company Bryte Insurance Company Limited
Reference # BDM Enginerring
Published 29/01/2020
Contract Type Permanent
Salary Market Related
Location Johannesburg, Gauteng, South Africa
Introduction
The Business Development Manager Production Underwriter’s role is to manage, develop and grow a designated panel of Brokers, to retain existing business and generate new business opportunities with new brokers and achieve the desired sales volumes, achieve Gross Written Premiums and Loss Ratio Targets
Job Functions Business Development,Client Services,Sales
Industries Insurance
Specification
Key Tasks & Accountabilities

•Produce a Business Plan that reflects market opportunities for area of responsibility
•Produce a Sales plan that demonstrates how to identify ,develop and manage prospects
•Underwrite and accept risks within delegated authority to achieve effective implementation of business
•Grow and retain Bryte Sales target to ensure the GWP and profitability targets are met
•Track Productivity levels
•Deliver and enhance the highest level of client satisfaction by working with brokers to map and determine their business needs in delivering
superior client service
•Strategically analyse the Brokers business plan and develop future business opportunities
•Develop the Broker panel whereby the Business Development Growth targets are achieved through influence and persuasions.
•Ensure that technical and operational underwriting standards, procedures and controls are complied with
•Implement agreed underwriting measures to attain targeted loss ratios and rates
•Ensure adherence to the Regional Teams Sales plan

Business Accountabilities
•Analysis Governance and risk management executed to Bryte expectations and guidelines
•Provides technical underwriting expertise and guidance to Distribution, Business Units, Proposition Development in support of the achievement of business plans.
•Contribute to the development of business plans and pricing strategies and alignment of these with National, Business Divisions, Business Unit and Regional strategies Support key aspects of portfolio management, analysis to monitor profitability and growth of speciality areas of business and recommendation of aspects requiring change or remedial action.
•Provides guidance to lower level associates and proactively supports development of self and others.
•Customer support and required by the Stakeholders working with Regions and other LoB on a specific case by case basis.
•Liaison with Bryte Regions, customers, distributors tied agents, business partners as deemed required and agreed with respective stakeholders

Success Measures
•Achievement of assigned business plan
•Compliance with agreed business procedures/services level agreements
•Positive feedback from team, customers and distributors
•Continuous development of technical knowledge and Leadership management development as identified and agreed during IDP discussion
•Successful delivery of business solutions/initiatives (e.g. time quality, cost)
•Underwriting quality (e.g. recommendations, business underwritten and renewals)
•Minimize underwriting and negotiation leakage
•Financial, operational and competitive heath and proposition portfolio


Requirements
Qualifications & Experience
• 5 years+ Engineering insurance industry experience and sound experience in Sales with a strong presence in the Broker community.
•Comply with Industry Regulatory requirement, Company and Best Practice Underwriting Policies as well as local regulatory & industry requirements (RE)
•Has a high level of UW authority and involved in trade & Industry bodies for area of specialism
•Technical competent in Engineering Products and underwriting principles
•Business and Financial acumen

Knowledge:
•Sound understanding and knowledge of South African Insurance market Experience within Sales
•Sound knowledge of statutory and legislative requirements
•Maintain up to date knowledge of local markets and industry sectors
•Sound knowledge of Bryte South Africa and its business strategy and objectives

Technical Skills
•Sound understanding and knowledge of South African Insurance market Experience within Sales
•Sound knowledge of statutory and legislative requirements
•Maintain up to date knowledge of local markets and industry sectors
•Sound knowledge of Bryte South Africa and its business strategy and objectives

Travel and Other Requirements
•Extensive local travel in the role
•Driving licence required
Job Closing Date 01/03/2020
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Last Updated: 6 days ago [20.02.01.00]
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