Business Development Manager - Insurance

Placements24; Vereeniging; On-site; ZAR 600,000 - 1,200,000; Full time

Benefits offered by this job

Competitive base salary

Commission & bonus

Medical aid & retirement fund

Travel allowances

Career advancement opportunities

Job summary

Placements24 in Vereeniging is seeking a dynamic Business Development Manager to drive growth in the insurance services sector, identifying market opportunities, forging strategic partnerships and expanding the client base. You will develop and execute robust sales strategies, lead negotiations, and collaborate with underwriting and marketing to ensure seamless service delivery.

This role offers a competitive base salary with commission, medical aid, retirement benefits, travel allowances and

Qualifications

• Bachelor's degree in Business Administration, Marketing, Finance, or a related field.
• Minimum of 5 years of experience in business development or sales management, preferably in financial services or insurance.
• Proven track record of developing new business and achieving sales targets.
• Excellent negotiation, communication, and presentation skills.
• Strong understanding of the insurance market and its key drivers.
• Strategic thinker who identifies growth opportunities.
• Must possess a valid driver's license and be willing to travel extensively within the Vereeniging area and surrounding regions.

Responsibilities

• Identify and pursue new business opportunities within the insurance market, focusing on strategic partnerships and client acquisition.
• Develop and implement effective sales and marketing strategies to achieve revenue and growth objectives.
• Build and maintain strong relationships with key stakeholders, including clients, brokers, and industry partners.
• Conduct market research to identify emerging trends, competitive activities, and potential growth areas.
• Lead negotiations for new contracts and service agreements, ensuring favorable terms for the company.
• Collaborate with internal teams, including underwriting and marketing, to ensure seamless service delivery and product alignment.
• Prepare and present business proposals and performance reports to senior management.

Skills

Sales strategy

Negotiation

Partnerships

Market development

Client acquisition

Education

Bachelor's degree in Business Administration/Marketing/Finance

Job description

About the Role

Our client is seeking a dynamic and results-oriented Business Development Manager to drive growth for their insurance services in the Vereeniging region. This role involves identifying new market opportunities, building strategic partnerships, and expanding the company's client base. You will be responsible for developing and executing sales strategies, leading negotiations, and achieving ambitious growth targets. This is a key position for an experienced sales professional looking to make a significant impact in a leading financial services organization.

Key Responsibilities

• Identify and pursue new business opportunities within the insurance market, focusing on strategic partnerships and client acquisition.
• Develop and implement effective sales and marketing strategies to achieve revenue and growth objectives.
• Build and maintain strong relationships with key stakeholders, including clients, brokers, and industry partners.
• Conduct market research to identify emerging trends, competitive activities, and potential growth areas.
• Lead negotiations for new contracts and service agreements, ensuring favorable terms for the company.
• Collaborate with internal teams, including underwriting and marketing, to ensure seamless service delivery and product alignment.
• Prepare and present business proposals and performance reports to senior management.

Requirements

• A Bachelor's degree in Business Administration, Marketing, Finance, or a related field.
• Minimum of 5 years of experience in business development or sales management, preferably within the financial services or insurance industry.
• Proven track record of successfully developing new business and achieving sales targets.
• Excellent negotiation, communication, and presentation skills.
• Strong understanding of the insurance market and its key drivers.
• Ability to think strategically and identify innovative growth opportunities.
• Must possess a valid driver's license and be willing to travel extensively within the Vereeniging area and surrounding regions.

Benefits

• Competitive base salary plus attractive commission and bonus structure.
• Comprehensive medical aid and retirement fund benefits.
• Generous provision for travel and related expenses.
• Significant opportunities for career advancement and professional development.
• A dynamic and results-driven work culture in Vereeniging.