workinafrica Head Sales/Marketing Stanbic IBTC Holdings PLC
Rate Stanbic IBTC Holdings PLC
Stanbic IBTC Holdings PLC
Industry:
Country: Nigeria
City: Lagos
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  • Posted: 06 April 2015

Stanbic IBTC Holdings PLC is a full service financial services group with a clear focus on three main business pillars - Corporate and Investment Banking, (...)

Head Sales/Marketing

Description

  • Creation of a sales strategy that will deliver the insurance cross sell objectives of the Banking Group and execution of this strategy through engagement with both external and internal stakeholders.
  • Expansion of the Bank business, identification of revenue opportunities and harnessing of this revenue streams through the Stanbic IBTC Insurance Brokers sales and support in addition to the generic risk mitigation function
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Requirements

  • Profitability
  • Achieve Profitability by;
  • Ensuring that the right insurance products are offered to cover risk associated with lending to the Bank customers in the CIB, PBB and Wealth sectors.
  • Determine annual insurance brokerage income budgets for Stanbic IBTC Insurance Brokers
  • Agree targets CE Stanbic IBTC Insurance Brokers
  • Achieving budget annual insurance brokerage revenue on cross sell within the network and direct sales outside of the network.
  • Reviewing and ensuring renewal of all customer Insurance portfolios or arrangements currently in place through the Bank
  • Maximizing the insurance revenue opportunities in conjunction with the various segments eg Collateral, VAF, Trade, Agriculture, Distributor Finance teams as it relates to customer lending.
  • Maximize the penetration into Customers own insurance arrangements by harvesting the Banks client base in CIB, PBB and Wealth thereby reducing leakage of potential revenue.

Responsabilities

Develops and drives the sales strategy around growing and servicing the insurance broker subsidiary business while ensuring that it is in line with and supports the bank ’s broader strategy Has a thorough understanding of the strategic business drivers, opportunities, challenges, needs, competition and threats inherent in the insurance environment Views day-to-day decisions, relationships and operations in terms of the bigger picture, keeping the overall/long term strategic objectives of Insurance Brokerage in particular and the Bank in general in mind Has insight into market trends, developments and benchmarks within the financial sector, and its implications on the insurance brokerage Identify key insurance opportunities outside of the Stanbic IBTC Bank network and across the country and appropriately position Stanbic IBTC Insurance Brokers to capture the business and revenue streams. Support insurance sales in the network through awareness, training and a “helpdesk” function for relationship officers and sales consultants in the various business segments Embark on key joint calls with other business units across the country where required Deliver on sales, insurance cover and revenue targets for Stanbic IBTC Insurance Brokers as agreed with line manager. Has a good understanding of both traditional and non-traditional competitors, their drivers, products, strengths, vulnerabilities, market share/client base and the impact that these factors have on the Bank’s value proposition to the client base Continuously monitor market trends in the insurance industry, including the regulatory and legal framework, with a view to assessing the possible impact on the insurance brokerage. Perform analysis of insurance companies and make recommendations regarding those that can partner with Stanbic IBTC Insurance Brokers Establish and maintain key external relationships including establishment of MOU’s and functional agreements and periodic business discussions with insurance underwriting counterparties

Job Locations Availability

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    Nigeria - Lagos