The Land and Agricultural Development Bank of South Africa (Land Bank) is South Africa’s only specialist agricultural bank established in 1912, the bank’s sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to finance land, equipment, improve assets and obtain production credit. The Land Bank provides financial services that have moved with the times and continues to provide services to agri-business and constantly reviews its offerings to ensure that they match the needs of an industry. As change has swept across the sector in South Africa the socio-economic makeup of agriculture has altered, bringing new entrants from historically disadvantaged backgrounds on to the land, these new farmers, facing the challenges of establishing sustainable agri-businesses across the agricultural value chain, Land Bank has been a commercial lifeline offering appropriately designed financial products that facilitate personal and commercial viability in a sector that is vital to the sustainability of South Africa and its people. MAIN PURPOSE OF THE JOB Involvement in the aligning and implementing the Insurance Company Sales and Distribution strategy in support of the overall LBLIC/LBIC company strategy. Responsible for the Sales & Distribution budget of LBIC/LBLIC Drives the top line of the LBIC and LBLIC businesses through strategic stakeholder engagement, sales and marketing strategy development and product development. Negotiates and structures distribution networks to support strategy and business growth. Identify and select for MD and Board approval suitable distribution partners (UMA’s/Brokers/Administrators) in support of the partnership model of the company.
1. Develops, implements and aligns a Sales, marketing and distribution strategy and plan to achieve company targets including market & competitors research and analysis to inform company strategy and tactical implementation 2. Develops frameworks and policies for implementation of plans, 3. Deal structuring, negotiations and management of Stakeholder Relationships 4. Product Development and distribution strategy 5. Departmental and People Management
Postgraduate degree FAIS Regulatory Exams (FSB Registered RE (Representative) FSB Registered KI (Key Representative) 7 - 10 years experience as a Senior Manager in Sales / Distribution / Product Development FSB Registered RE (Representative) FSB Registered KI (Key Representative)
Agricultural Insurance Industry Financial Planning Deal Structuring Distribution Models Marketing, Sales Stakeholder/Partners management - UMA, Admin, Premium Collection, etc. Insurance Operations Product Development Cycle
Knowledge of the PFMA Knowledge of the Land Bank Act Knowledge of DFI Knowledge of Short Term Insurance Act and Long Term Insurance Act FSB Regulations Travel as and when required Extended hours as and when required Driver’s License (Code 08)
