Managing Director in a Leading Insurance Company

A leading Insurance Company in East Africa requires qualified and experienced candidates to fill the vacant position of:

Job Title: Managing Director

Location: East Africa

Job Description
Reporting to the Board, the successful candidate will serve as the principal strategy and business development executive of the company and will have ultimate P&L responsibility. S/he will be responsible for developing, implementing and managing short, medium and long-term strategies that will ensure the continued growth and profitability of the company. Specifically, the candidate will:

• Champion the formulation of the company’s strategies and ensure implementation.
• Serve as a key brand icon for the company, creating a niche for it in the insurance sector and consistently reinforcing and promoting the corporate brand value and identity.
• Lead the overall business development efforts (including deal sourcing and origination) to ensure the realization of the company’s growth aspirations.
• Develop and maintain relationships with key stakeholders and lead the development of relevant strategic alliances.
• Manage the assets, liabilities and human capital of the Company.
• Drive the development of annual operating plans including business plans, operational requirements, staffing and budgets to ensure business continuity.
• Take full ownership of the company’s financial performance and provide periodic update on it to the Board.
• Lead the design of the strategic plan, business plan and other relevant documents.
• Periodically, generate progress reports indicating extent of achievement of targets.
• Ensure the company complies with the regulatory requirements

Qualification, Experience & Attributes:

• A good first degree in the field of Management, Economics, Insurance, Law, Finance or related discipline, from a reputable University. An MBA or any other higher degree will be an added advantage.
• Professional qualification (s) in insurance (e.g. ACII), actuarial sciences or equivalent is an added value.
• Minimum of 15 years post-qualification experience including 5 years’ experience at senior management level. Experience in the insurance industry is an added advantage
• Language proficiency: ability to speak any of the local languages spoken in the region (Kiswahili, Kyaruwanda, Kirundi etc) in addition to excellent spoken and written skill in English is an added advantage.
• Excellent relationship management and strategic networking skills in the context of insurance business.
• Sound knowledge of regional and global trends in the insurance industry as well as an understanding of the key macroeconomic drivers is an added advantage,
• Excellent communication and interpersonal skills,
• Excellent leadership, negotiation, marketing, planning and organization skills.

Behavioral Competencies:

• Demonstrates cooperation and tact when dealing with others
• Demonstrates efficiency in the use of time and talent in order to achieve targets
• Encourages innovation, creativity and flexibility in supervisees
• Willingly adjusts to new situations and learns new material quickly
• Perseveres with good spirit under pressure
• Modifies behavioural style and management approach to reach goals
• Demonstrates the ability to effectively present ideas or tasks to an individual or to a group
• Inspires and motivates supervisees
• Should be very outgoing and result-oriented

Application Closing Date
24th June, 2014

How to Apply:
To apply, please indicate the position you are applying for as the subject of your email and send your updated resume, 3 referees who are knowledgeable about your professional achievements and abilities and email to us at: [email protected]

All applications will be treated in confidence. Only short-listed candidates will be contacted.