Are you passionate about driving innovation and creating impactful solutions within the insurance industry? Join our Financial Services team at Mr Price Money as a Commercial Business Partner, where you’ll play a critical role in product development, optimizing distribution channels, and improving product profitability.
Educational Background: Bachelor’s degree in finance, Accounting, Business Management, or related fields. Newly qualified CA(SA) preferred.
Industry Experience: Minimum 3 years in financial services, with a focus on insurance and retail finance. Experience in product development and distribution optimization is advantageous.
Technical Proficiency: Advanced skills in Microsoft Office Suite (Excel, Word, PowerPoint). Familiarity with financial modeling and forecasting tools.
Core Competencies:
Strong analytical and commercial acumen.
Exceptional communication and interpersonal skills.
Proven project management capabilities.
Ability to manage multiple priorities in a fast-paced environment.
Regulatory Knowledge: Familiarity with FAIS.
Entrepreneurial Flair: Demonstrated ability to identify and capitalize on growth opportunities.
About Us At Mr Price Money, we believe in fostering innovation, collaboration, and customer-centric solutions. Join a dynamic team committed to reshaping the insurance space within the retail financial services industry.
We are an equal opportunity employer dedicated to Employment Equity.
1. Business Partnering
Act as a key partner across business units to drive performance and profitability for insurance products. Collaborate with the Commercial Manager to execute strategic initiatives, ensuring alignment with business objectives. Work with the Marketing, Operations, and BI teams to enhance omni-channel sales performance and optimize customer acquisition across distribution channels. Build and maintain relationships with external partners and suppliers, ensuring mutually beneficial agreements. Partner with Finance to develop cost of acquisition models, reconcile sales, and support budgeting and forecasting processes. Collaborate with IT and BI teams to streamline reporting, enhance automation, and provide actionable insights. Engage with HR and Training teams to ensure product-related training materials are effective and up to date.2. Product Development & Performance Management
Monitor product profitability and customer segment performance, implementing improvements as needed. Support the design and execution of commercial models and forecasts for new product development. Formulate and present business cases for product enhancements and innovations that align with customer needs and market opportunities. Identify and act on revenue growth opportunities through market research and trend analysis.3. Distribution Channel Optimization
Assess and recommend enhancements to distribution channels to drive profitability and customer engagement. Collaborate with internal teams to optimize omni-channel strategies, focusing on cost-effective and scalable solutions. Track the effectiveness of channel deployment strategies to improve product reach and impact.4. Compliance and Risk Management
Work closely with Legal and Compliance teams to ensure adherence to FAIS, and other regulatory requirements. Support quarterly compliance reporting for insurance submissions. Monitor and manage the implementation of financial and operational controls.5. Project Leadership
Lead and support projects aimed at improving product and process performance across the business. Assist in the migration to scalable technology platforms, ensuring alignment with strategic goals and compliance standards.6. Cross-Functional Collaboration
Act as a liaison between various teams, including Marketing, Finance, Operations, and IT, to ensure cohesive execution of business initiatives. Provide support and insights to the Commercial Manager to facilitate data-driven decision-making.