Recruitment at Stanbic IBTC Bank
Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa’s financial system for 150 years, and now spans 16 countries across the African continent.
Standard Bank is a firm believer in technical innovation, to help us guarantee exceptional client service and leading edge financial solutions. Our growing global success reflects our commitment to the latest solutions, the best people, and a uniquely flexible and vibrant working culture. To help us drive our success into the future, we are looking for resourceful individuals to join our dedicated team at our offices.
We are recruiting to fill the position below:
Job Title: Business Development Manager – SIPML
Job ID: 43241
Job Sector: Banking
- The Business Development Manager is responsible in providing tailored consultative solutions for all Pension and Gratuity related matters in the region by driving voluntary contributions across the employees of assigned institutions and growing SIPML’s market share in RSA Holders and Assets Under Management.
- Responsible for ensuring clients perceive, feel and experience the Company positively through timely and conclusive resolution of pre and post sales issues; and other related/incidental matters.
- The Business Development Manager is also responsible to support and deliver on the universal financial solution goals of the Stanbic IBTC Group.
Achieve monthly sales target in RSA & Contributions:
- Achieve and surpass assigned monthly RSA pin target
- Achieve and surpass assigned monthly/yearly contribution target
- Achieve and surpass assigned new employers targets
- Grow SIPML’s wallet share of employer’s business by generating and creating more contributing RSA pins.
- Provide advice to employers, on potential Pension/Gratuity solutions based on consultative analysis of their business model and pension industry dynamics.
- Identify, initiate and convert leads for SIPML.
- Operate within the Pencom guidelines and framework so as to avoid sanctions or infractions to the Company.
- Analyze and review potential labor challenges or peculiarities that may lead to sub-optimization for the employer or organization.
- Make physical / telephone calls / e-mails to clients for customer interactions
- Organize and facilitate Interactive sessions and Rotating Desks/PoW with clients and prospective clients.
- Effectively communicate and follow through, with client requests to back office /support units
- Maintain and update comprehensive employers’ database.
- Ensure Employers have updated contribution schedules.
- Collect schedules from Employer for upload to clients’ accounts.
- Follow up with employers on monthly pension contribution as at when due.
- Increase number of funded and contributing RSA Pins in the department.
- Consistently identify value to our customers by leveraging the various resources within the group
- Ensure not more than 5% customer attrition from assigned institutions during the transfer window
- Collect and correct email mandates for employees in assigned institutions
- Organize CFI capture with Organizations periodically by the regulator.
- Grow SIPML’s share of mind among clients/ organizations in assigned institutions
- Increase the funding and contribution ratios of employees’ contribution within assigned institutions
- Proffer possible strategies/ways to improve sales and relating to customers.
Ensure Legislative Compliance and SIBTC standards:
- Educate and enlighten employees and their employers about the dynamics of the Pension industry
- Operate within the Pencom guidelines and framework so as to avoid sanctions or infractions to the Company
- Ensure adherence to code of ethics and all other related guidelines
- Ensure smooth internal & external stakeholder management
Preferred Qualification and Experience
- First Degree in General Social Science
- Chartered Financial Analyst (CFA)
- Masters Degree in Marketing
- Minimum of five years experience with exposure in sales relationship management & leadership position
- Minimum of five years experience with exposure in client profiling
- Minimum of five years experience with exposure in sales relationship management
- Minimum of three years sales experience with exposure in sales and relationship management
- Effective Business Communication
- Presentation Skills
- Brand Management
- Customer Understanding
- Applications: Microsoft Office Suite