Health & Benefits Business Developer

WTW; Cape Town; On-site; ZAR 600,000 - 900,000; Full time

Job summary

A leading insurance and consulting firm in Cape Town is seeking a Health & Benefits Business Developer to enhance their portfolio of corporate clients. In this role, you will focus on business development, identifying client needs, and building strong relationships. The ideal candidate will have experience in sales strategy and market analysis, ensuring compliance with organizational guidelines and helping to mentor colleagues. This position requires a proactive approach to penetrate the local market and meet revenue targets.

Qualifications

• Proven experience in business development, especially in insurance or corporate services.
• Strong communication and interpersonal skills.
• Ability to analyze market conditions and tailor business strategies.

Responsibilities

• Develop and manage a pipeline of prospects.
• Identify client needs and develop solutions.
• Build trusted advisor relationships with clients.
• Utilize CRM tools for tracking and analysis.

Skills

Relationship management

Business development

Sales strategy

Market analysis

Job description

Overview

Health & Benefits Business Developer

This role sits within corporate Employee Benefits (Retirement, Risk Benefits, Medical Aid and Health Insurance). As a Business Development consultant in our South Africa Health & Benefits business you will help grow our portfolio of local and multinational corporate clients. Your primary accountability is penetrating the local market and bringing new clients to the company. You will focus on generating leads and closing business by developing and managing an active pipeline of prospects, conducting a needs analysis / risk assessment and, together with colleagues, presenting and sharing information on our capabilities. You will also be responsible for identifying cross-selling opportunities within the portfolio of Corporate Risk & Broking and Work & Rewards clients, working with their sales teams.

The reporting line will be to Health & Benefits Country Head. Collaboration with the CRB and W&R sales leads will also be required. You will be required to mentor and coach colleagues to develop selling and relationship management skills and to maximize our success rate. You will be responsible for H&B sales in South Africa; however your support and input may also be required for large regional schemes and travel outside of South Africa may be required from time to time.

Responsibilities

• Develop and manage a pipeline of existing WTW and “new to” WTW prospects.
• Identifies explicit and implied client needs by asking effective client questions and understanding requirements.
• Ensure that client / prospect relationships are secure and financially sound, and that all parties have a clear understanding of WTW financial arrangements, policies and procedures.
• Develops solutions that address client inefficiencies and improve the overall client experience.
• Serve as strategist for clients, ensuring Health & Benefits design meets client needs and fits within overall client strategy.
• Develop a trusted advisor relationship with client contacts through effective communication and efficient, quality execution.
• Raise awareness of WTW’s brand and capabilities in the marketplace.
• Adoption of WTW H&B value proposition and use and development of available Marketing materials.
• Responsible for local market insights and changes in current market dynamics that would affect the sales process.
• Build relationships with colleagues within and outside H&B to collaborate on new sales and cross-sell opportunities and to bring best value to clients.
• Demonstrate natural ease and effectiveness when dealing with clients / colleagues at all levels.
• Implements and maintains compliance processes in accordance with the H&B Excellence Model and FAIS Act.
• Adoption of WTW sales tracking tools and guidelines through CRM and any other WTW available tools.
• Identify appropriate client segments and determine sales strategy.
• Provides insight into client industry economic performance.
• Ensures compliance with WTW guidelines and procedures, adherence to the Excellence Framework.
• Works with the H&B Leader to develop and implement the strategy for business development at the provincial level, as well as country-wide.

Financial

• Be accountable for creating and executing a business strategy to penetrate the local market in obtaining new clients.
• Meet or exceed revenue targets.
• Utilize all sales tools and resources to successfully move prospects through the sales cycle.
• Contribute to client management, retention and expansion once brought on board.
• Work closely with H&B colleagues (Consultants / Placement) in order to negotiate the best offers from the market.
• Track, analyze and present sales metrics.

People Management

• Provide timely / quality feedback to colleagues.
• Assist team members in acquiring new skills.
• Help to identify and develop future talent.
• Ensure effective relationships and communication with all stakeholders both internally and externally.