Old Mutual Life Assurance Company
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Old Mutual Life Assurance Company Employee Reviews in Bloemfontein, Free State

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Bloemfontein, Free State12 reviews

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3,7Work-Life Balance

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A stressful environment to work at

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Their commission structure changes from time to time. You never know how much is going to be.They prefer paying people through competitions rather than commission. Managers never wants to approve leave yet they take leave for days.

Pros

guaranteed job security

Cons

Salary is too small
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It was stressful working as a financial advisor

It was stressful. It was stressful working as a financial advisor. The targets were unreachable at times. Management can be on your neck pushing you everyday.

Pros

Flexible

Cons

Targets
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Productive and fun workplace

Working at Old Mutual is a great experience. The problem I experienced was being limited to service employees earning R15000 and above. I resigned because if I don't meet target I don't earn anything for that month
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It so productive and need skills and experience

Old mutual is the company that works with energetic and determined individuals. The best to achieve is to acquire more skills and experience. Old mutual is s company thst believes on productive individual. Working hard is the srtive to achieve more and earn a lot
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responsibility

teaches employees to be responsible as there is no monitoring and one works flexible hours in that case you taught how to manage time efficiently and correct
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Exciting working environment

The job gave me a good experience of working with people, it also gave me a platform to face my challenges head on. My colleagues and manager made it easy for me to adjust to the environment. It was a great pleasure working for the old mutual company.

Pros

Friendly staff, monthly braai and learning opportunities

Cons

Getting paid on commission
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Very similar to the Nedbank branches

Had a mixture of traditional banking as well as financial planning environment through the PFA Old Mutual focus. Mostly established Nedbank staff working for this brand, as it was merely an extension of the Nedbank branch network. More a culture of the old Permanent Bank that was taken over by Nedbank.
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Positive environment

A very positive environment to work in. Learned how to do decent cold calling, and maintaining good relations with customers. Management know what they are doing. Co-workers are all very helpful Hardest part is balancing time, between sorting admin and seeing clients

Pros

Good working hours; Working independently

Cons

Having staff meetings every week
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Productive and nice to work with clients.

Start the day see if all requiremente for the previous day has been met, and get all outstandings. Go throug diary and see clients accordingly. Everyday you learn that clients needs are increased, and you have to manage new clients and the old clients so that they all can be on the same level. The hardest part of the job is to get new bussiness and the most enjoyable part is when something happend and the promise paid out as promised.

Pros

Pension fund and medical scheme

Cons

Working on commission
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Productive workplace

Do my appointments.See the clients and market the products.

Pros

Meet new people by referrals.

Cons

N/a
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To grow and expand the knowledge and skills in the industry

I am currently selling insurance, and I have learned that you need to sell features and benefits of your product. And my co-workers believe I am good presenter and also good on closing business. The hardest part of my work is competition that is growing every day in insurance industry, most enjoyable part is when people buy my product, and most when they show buying signal while I am presenting
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Excellent Company to work for

The typical day at work is to recruit and manage advisers for my company. Further to this, rendering financial advice and services to customers is very fulfilling, but in the same breath difficult and challenging. (which I like !) I work with very professional people and in a very professional environment with great support structures.

Pros

Meeting so many new people every day

Cons

Large and challenging market place.
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Overall rating

Based on 1 536 reviews

Ratings by category

3,7 out of 5 stars for Work/Life Balance
3,4 out of 5 stars for Salary/Benefits
3,4 out of 5 stars for Job Security/Advancement
3,5 out of 5 stars for Management
3,8 out of 5 stars for Culture
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  • Old Mutual Life Assurance Company
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  • Bloemfontein, Free State