AVP/Manager, Marketing and Customer Engagement (GEGM Retail & Digital)
§ To drive the development and execution of Mirco and Small Business segment strategy.
§ Expanding market presence and enhancing offerings to micro and small businesses, particularly targeting the uninsured segment.
§ To lead business development efforts, forge strategic partnerships and collaborate across departments to create value-added solutions that address the unique challenges faced by micro and small businesses.
Key Responsibilities
1. Strategic Leadership
- Develop and execute a comprehensive strategy for the Mirco and Small Business segment, ensuring alignment with overall corporate objectives and market opportunities.
- Define key performance indicators (KPIs) to measure success and implement data-driven adjustments to strategies as needed.
2. Business Development
- Identify and engage with potential strategic partners, including but not limited to SME associations, digital banks, non-profit organizations, governmental agencies and other relevant stakeholders.
- Cultivate relationships with existing distribution channels, including life agents, market agents, brokers and banking partners to drive growth and expand market reach.
- Conduct thorough market research and analysis to understand the landscape, identify customer needs, and assess competitive positioning.
- Utilize insights to inform product development, marketing strategies, and partnership opportunities.
4. Consumer Education and Awareness
- Design and implement consumer education programs aimed at raising awareness of insurance products, benefits and availability, specifically targeting the uninsured segment.
- Collaborate with external partners and community organizations to promote financial literacy and insurance awareness among micro and small businesses.
5. Collaboration and Internal Engagement
- Engage with cross-functional teams (underwriting, agency distribution, corporate distribution, digital & affinity and IT) to ensure alignment and commitment to the Micro and Small Business strategy.
- Lead change management initiatives to shift the focus of the distribution team to more inclusive offerings for SMEs, emphasizing the importance of this market segment.
6. Performance Monitoring and Reporting
- Monitor the performance of segment initiatives, analyzing results against KPIs and making recommendations for continuous improvement.
- Provide regular updates to the senior management team on progress, challenges and strategic insights.
7. Product Development
- Work closely with underwriting and product development teams to design insurance products that meet the specific needs of micro and small businesses.
- Advocate for innovative solutions that leverage technology and platforms to enhance customer experience & journey.
8. Communication and Advocacy
- Serve as the company’s ambassador for the Micro and Small Business segment, promoting value propositions to potential partners and clients.
- Develop and deliver presentations, proposals, and reports that articulate the segment strategy and its benefits to stakeholders.
Experience
- Minimum 7 years of experience in insurance, business development, or strategic planning, with a proven track of record in the SME or microbusiness sector.
- Experience in partnership development and managing cross-functional teams.
Leadership and Interpersonal Skills
- Strong leadership capabilities with the ability to inspire and drive a vision across diverse teams.
- Excellent relationship-building skills with a network of industry contacts and a strong reputation in the insurance industry.
Analytical and Strategic Thinking
- Exceptional analytical skills with the ability to synthesize complex information and develop actionable insights.
- Strategic thinker with a forward-looking approach to business development and market positioning.
Communication Skills
- Superior verbal and written communication skills, capable of engaging stakeholders at all levels.
- Experience in developing compelling presentations and proposals.
Adaptability and Problem-Solving
- Comfortable in a fast-paced, dynamic environment with the ability to pivot and adapt strategies as needed.
- Strong problem-solving skills with a proactive mindset toward overcoming challenges.