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Job Overview

Company: Stanbic IBTC Insurance Brokers

Group 14

Location: NG, LA, Lagos, Walter Carrington Crescent

Group 15 Copy

Business Segment: Insurance & Asset Management

Fill 11

Job Type: Full-time

Compensation: GBP 1,200,000 - yearly

Group 16

Job Ref ID: 80457145A-0001

Group 16

Date Posted: 10/21/2026

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Job Description

Drives the organization business development strategies, enhances its current portfolio, and explores new business opportunities.
Develops and drives the sales strategy around growing the insurance broker subsidiary in line with and supports group’s broader strategy
Ensure effective cross sell of insurance products and services across all major product lines.
Maximize the insurance revenue opportunities in conjunction with the various business segments across Stanbic IBTC group
Has a good understanding of the strategic business drivers, opportunities, challenges, needs, competition, and threats inherent in the insurance environment
Ensure effective supervision of Business development managers to deliver their set targets for the organization
Training and Mentoring of Business Development Managers on product and insurance industry knowledge to deliver on their set key performance indicators
Achieve monthly and yearly Insurance brokerage income target
Achieve monthly and yearly insurance policy target
Achieve monthly and yearly new customer acquisition for both personal and business lines
Drive development and adoption of other channels through which customer can purchase and carry out interactions on their policies
Has insights into market trends, developments and benchmarks within the financial sector and its implications on the insurance brokerage business
Grow SIIBL wallet share of customer’s insurance portfolio by harnessing and upselling insurance products.

8-10 years experience in developing, designing and enabling segment value propositions. Strong understanding of digital, open banking and platform integrations.
8-10 years experience in all facets of consumer banking, including heading up a segment. Knowledge and experience of Affluent consumers, their needs and their markets gained from an extended period of industry experience and a proven track record in organisations of comparable size and complexity. Experience in managing an income statement and balance sheet.
Additional Information

Behavioural Competencies:

Technical Competencies:

Business Development
Customer Understanding ( Consumer Banking)
Economic Capital Management
Risk Reporting
Risk Response Strategy
Risk/ Reward Thinking
Write Effective Communications
Our Commitment to Diversity, Equity and Inclusion
Standard Bank Group is committed to fair and inclusive employment practices. We aim to build a workforce that reflects the diversity of the communities we serve and welcome applications from candidates of all backgrounds, including people with disabilities. We strive to create an environment where everyone has an equal opportunity to contribute and grow.
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Head, Business Development