Are you a motivated and self-driven individual looking to start your career in the financial services industry? Do you have a passion for providing personalized financial advice and solutions? Old Mutual is offering an exciting opportunity for aspiring brokers through their Broker Internship program in Johannesburg.
Broker Internship Overview
- Position: Broker Internship
- Company: Old Mutual
- Location: Johannesburg
- Closing date: 6 August 2024
About Old Mutual
Old Mutual is a leading financial services provider in Africa, committed to leveraging the continent’s vast opportunities. Our diverse talent pool reflects our belief in continuous learning, growth, and giving back to the community. Old Mutual Insure, a part of the Old Mutual Group, is launching the Alternate Business Solutions (ABS) Black Broker Academy, aimed at nurturing and developing the next generation of brokers.
Broker Internship Description
As a Broker Intern at Old Mutual, you will play a crucial role in delivering personalized financial advice to our clients. This internship is designed to provide you with comprehensive training, hands-on experience, and the opportunity to build a rewarding career in the financial services industry.
Key Responsibilities
- Conduct Financial Needs Analyses:
- Assess clients’ financial situations and identify suitable financial products to meet their needs.
- Utilize analytical tools to evaluate client data and recommend tailored financial solutions.
- Client Relationship Management:
- Build and maintain strong relationships with clients, offering ongoing support and guidance.
- Regularly follow up with clients to review their financial plans and make necessary adjustments.
- Act as the primary point of contact for client inquiries and issues.
- Simplify Complex Concepts:
- Explain complex financial concepts in a clear and understandable manner to clients.
- Use visual aids and simplified examples to enhance client understanding.
- Provide educational resources to help clients make informed decisions.
- Compliance and Ethics:
- Ensure adherence to all regulatory requirements and uphold ethical standards.
- Stay updated on industry regulations and compliance procedures.
- Conduct business with integrity and transparency.
- Achieve Sales Targets:
- Meet and exceed individual sales targets through effective financial solutions and client engagement.
- Develop and implement sales strategies to attract new clients and retain existing ones.
- Monitor sales performance and adjust tactics to achieve goals.
- Market Research and Analysis:
- Conduct market research to stay informed about industry trends and competitor offerings.
- Analyze market data to identify new business opportunities and potential areas for growth.
- Use insights from market research to enhance service offerings and client engagement strategies.
- Product Knowledge and Training:
- Maintain thorough knowledge of financial products and services offered by Old Mutual.
- Attend training sessions and workshops to stay updated on new products and industry developments.
- Share knowledge and insights with team members to improve overall team performance.
- Networking and Business Development:
- Attend industry events, seminars, and networking functions to build professional relationships.
- Develop partnerships with other financial service providers to expand the client base.
- Actively seek out and pursue new business opportunities.
- Client Onboarding and Documentation:
- Guide new clients through the onboarding process, ensuring a smooth transition.
- Assist clients in completing necessary documentation and paperwork.
- Ensure all client records are accurately maintained and up-to-date.
- Feedback and Continuous Improvement:
- Gather feedback from clients to assess satisfaction and identify areas for improvement.
- Implement changes based on client feedback to enhance service quality.
- Continuously seek ways to improve processes and deliver exceptional client experiences.
Requirements
- Non-negotiable:
- Own transport and a valid driver’s license.
- Completed Matric with a minimum of 50% in Mathematics.
- Based in Johannesburg.
- Black South African citizens (Colored, Indian, and African); preference will be given to African females.
- Unemployed graduates and/or interns between the ages of 18 – 34.
- Advantageous:
- Relevant financial services qualification (RE5 according to DOFA date) or equivalent experience.
- Excellent communication and interpersonal skills.
- Strong product knowledge and the ability to learn new concepts quickly.
- Self-motivated and results-oriented with a strong work ethic.
Benefits
- Competitive Salary and Generous Commission Structure: Attractive compensation with performance-based commission.
- Comprehensive Training and Development Opportunities: Initial training, ongoing development, and mentorship programs.
- Supportive and Collaborative Work Environment: Team spirit, open communication, and employee wellness initiatives.
- The Chance to Make a Real Difference: Impactful work, community involvement, and sustainable growth.
- Additional Perks: Career progression, networking opportunities, and recognition programs.
Recruitment Process
- Panel Interview: Conducted with two members of the leadership team, including the regional manager and the team leader of the ABS team.
- Technical & Psychometric Assessments: Depending on the role, these assessments may be conducted concurrently with MIE & internal verification.
- Final Feedback: Provided after all assessments are completed.
Tip: Common Interview Questions and Winning Reponses
How to Apply
Ensure that you meet the requirements before applying for the internship.
Applications must be submitted before or on the 6th of August. No late applications will be accepted.
- Click on this link to apply: Apply Here
All prospective employees are required to disclose their vaccination status as part of the recruitment process. Old Mutual reserves the right to reinstate the requirement to vaccinate if deemed necessary.
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Joining Broker Internship at Old Mutual is a unique opportunity to start your career in the financial services industry. With a comprehensive training program, supportive environment, and the chance to make a real impact, this internship is the perfect stepping stone to a successful career.