Insurance Business Development Manager

Placements24; Rustenburg; On-site; ZAR 520,000 - 860,000; Full time

Benefits offered by this job

Competitive base salary

Commission and bonus structure

Company vehicle or travel allowance

Medical aid & retirement contributions

Career development opportunities

Generous leave allowance

Job summary

Placements24 is seeking an Insurance Business Development Manager to lead growth in Rustenburg and the North West region. The role requires identifying market opportunities, developing partnerships, and expanding footprint with brokers, agents, and corporate clients.

You will design and execute targeted sales strategies, negotiate deals, and drive revenue while collaborating with marketing to create effective campaigns. Travel within the territory is required.

Qualifications

• Bachelor's degree or equivalent in business, marketing, or a related field.
• Proven track record in insurance or financial services sales.
• Strong communication, negotiation, and presentation skills.

Responsibilities

• Identify and pursue new business opportunities in Rustenburg and surrounding areas.
• Develop and implement strategic sales plans to meet targets.
• Build and maintain relationships with brokers, intermediaries, and corporate clients.

Skills

Sales strategy

Negotiation

Relationship building

CRM software

Market analysis

Presentations

Travel willingness

Education

Bachelor's degree in business/marketing

Tools

Salesforce

MS Office

CRM systems

Job description

About the Role

Our client, a leading name in the insurance sector, is actively seeking a driven and results-oriented Insurance Business Development Manager to spearhead growth initiatives in Rustenburg, North West . This role is crucial for identifying new market opportunities, building strategic partnerships, and expanding our client's footprint within the region. The ideal candidate will possess a strong understanding of the insurance landscape, excellent sales acumen, and a proven ability to forge lasting relationships with brokers, intermediaries, and corporate clients. You will be responsible for developing and executing targeted sales strategies to achieve ambitious revenue goals. This is a fantastic opportunity to take ownership of business development efforts in a vibrant economic hub and contribute significantly to our client's success.

Key Responsibilities

• Identify and pursue new business opportunities within the Rustenburg and surrounding areas.
• Develop and implement strategic sales plans to achieve company objectives and sales targets.
• Build and maintain strong, long-lasting relationships with key stakeholders, including insurance brokers, agents, and corporate clients.
• Conduct market research to identify emerging trends, competitor activities, and potential new markets.
• Present and promote our client's insurance products and services effectively to potential clients.
• Negotiate and close sales deals, ensuring favourable terms for both the client and the company.
• Collaborate with the marketing team to develop effective sales collateral and campaigns.
• Provide regular feedback to management on market conditions, sales performance, and customer needs.
• Attend industry events, conferences, and networking opportunities to represent the company and generate leads.
• Achieve and exceed assigned sales quotas and business development targets.

Requirements

• Minimum of 5 years of experience in business development, sales, or a related role within the insurance industry.
• Proven track record of achieving and exceeding sales targets.
• In-depth knowledge of the insurance market, products, and distribution channels.
• Excellent communication, negotiation, and presentation skills.
• Strong networking abilities and a demonstrated capacity to build and manage client relationships.
• Self-motivated with a proactive approach to identifying and pursuing new business opportunities.
• Ability to analyse market data and develop effective sales strategies.
• Proficiency in CRM software and MS Office Suite.
• A valid driver's license and willingness to travel extensively within the designated sales territory.
• Understanding of the economic landscape of Rustenburg and its surrounding regions is a plus.

Benefits

• Competitive base salary with an attractive commission and bonus structure.
• Company vehicle or travel allowance.
• Comprehensive medical aid and retirement fund contributions.
• Opportunities for continuous professional development and training.
• A dynamic and supportive team environment.
• Potential for career growth within a reputable insurance organization.
• Generous leave allowance.