Insurance Business Development Manager

Placements24; Stellenbosch; Hybrid; ZAR 420,000 - 700,000; Full time

Benefits offered by this job

Competitive base salary with generous

Hybrid work arrangement

Medical aid and retirement benefits

Sales training and development

Company-provided mobile phone andlapt

Career advancement opportunities

Performance incentives

Strong client pipeline support

Collaborative team environment

Job summary

Placements24 is seeking an Insurance Business Development Manager in Paarl, Western Cape. You will identify new business opportunities, build strategic partnerships, and drive revenue growth within the insurance sector.

The role blends client-facing activities with remote administrative work in a hybrid setup. The ideal candidate has 3–5 years in insurance sales or BD, strong communication, negotiation and presentation skills, and demonstrates a proven ability to close deals while building

Qualifications

• Bachelor’s degree in business-related field.
• RE 1/RE 5 qualifications desirable.
• 3–5 years of sales or business development experience in insurance.
• Proven track record of meeting sales targets.
• Willingness to travel within designated territory.
• Hybrid work schedule based in Paarl.

Responsibilities

• Identify and pursue new business opportunities within the insurance market.
• Develop and execute strategic sales plans to achieve revenue targets.
• Build and maintain relationships with clients, brokers, and strategic partners.
• Understand client needs and tailor insurance solutions.
• Conduct presentations and product demonstrations to prospective clients.
• Negotiate and close deals with profitable outcomes.
• Stay informed about market trends and industry developments.
• Collaborate with underwriting and claims teams for seamless service delivery.
• Prepare regular sales reports and forecasts for management.
• Represent the company at industry events and networking functions.

Skills

Communication

Negotiation

Presentation

CRM software

Education

Bachelor’s degree in Business Administration/Marketing/Commerce or related field

RE 1/RE 5 insurance qualifications desirable

Tools

CRM software

Job description

About the Role

Our client, a rapidly expanding insurance brokerage, is seeking a dynamic and results-driven Insurance Business Development Manager to join their team in Paarl, Western Cape. This role is pivotal in identifying new business opportunities, building strategic partnerships, and driving revenue growth within the insurance sector. The ideal candidate will possess a strong understanding of the insurance market, excellent sales acumen, and a proven ability to cultivate long-term client relationships. This position offers a stimulating career path within a supportive environment, contributing to the expansion of our client’s market presence in the Paarl region and beyond. The hybrid work model ensures a blend of essential client-facing activities and remote administrative tasks, promoting efficiency and work-life balance.

Key Responsibilities

• Identify and pursue new business opportunities within the insurance market, focusing on specific target segments.
• Develop and execute strategic sales plans to achieve company revenue and growth targets.
• Build and maintain strong, long-lasting relationships with prospective clients, brokers, and strategic partners.
• Understand client needs and offer tailored insurance solutions that meet their specific requirements.
• Conduct presentations and product demonstrations to prospective clients.
• Negotiate and close deals, ensuring profitable outcomes for the company.
• Stay informed about market trends, competitor activities, and industry developments.
• Collaborate with internal teams, including underwriting and claims, to ensure seamless service delivery for new clients.
• Prepare regular sales reports and forecasts for management.
• Represent the company at industry events and networking functions.

Requirements

• A Bachelor's degree in Business Administration, Marketing, Commerce, or a related field.
• Relevant insurance qualifications (e.g., RE 1, RE 5) are highly desirable.
• Minimum of 3-5 years of experience in sales, business development, or a similar role within the insurance industry.
• Proven track record of achieving sales targets and generating new business.
• Strong understanding of various insurance products and market dynamics.
• Excellent communication, negotiation, and presentation skills.
• Ability to build rapport and trust with clients and stakeholders.
• Self-motivated with strong organizational and time-management skills.
• Proficiency in CRM software and standard office applications.
• Willingness to travel within the designated sales territory as required.
• Commitment to adhering to a hybrid work schedule based in Paarl.

Benefits

• Competitive base salary with an attractive commission and bonus structure.
• Hybrid work arrangement offering flexibility and work-life integration.
• Comprehensive medical aid and retirement benefits.
• Opportunities for professional development and sales training.
• A supportive and collaborative team environment.
• Company-provided mobile phone and laptop.
• Potential for career advancement into senior sales and management roles.
• Regular performance incentives and rewards.Access to a robust client pipeline and marketing support.
• Be part of a growing and reputable insurance service provider.