With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Banc assurance products are currently distributed through Branch network and the range is dependent on market conditions and regulatory environment. There’s less than 3% insurance penetration of GDP across Absa Africa markets, but experiencing high rates of growth as economies evolve and consumer awareness grows. Banks currently contribute 5% of industry distribution compared to dominant status (25-60%) in evolved markets. This too is expected grow as regulations ease. Focus for the business is in diversifying the product range based on market potential into non-credit lines while enhancing distribution approach and upgrading the sales force.
Given headroom challenges on core banking lines and evolving market dynamics, customer protection will play an increasing strategic role in the overall Business Banking strategy of deepening impact with customers, driving revenue growth via cross sell and increased customer retention. This presents a unique opportunity in being a market maker in Banc assurance.
The Banc assurance Manager in this transformational role is accountable for the Banc assurance and expected to play a key role in the country strategy for growth, providing leadership and functional excellence in defining, developing and executing the overall strategy in the country. Alongside ensuring a best in class customer experience.
Build a sustainable business that becomes a significant contributor to the country financials as per overall strategy.
Where appropriate in consultation with country regulatory affairs manager actively engage regulatory authorities to explore alternative models of distribution to maximise cross sell potential:
Method of Application
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