Dangote Group is one of Nigeria’s most diversified business conglomerates with a hard – earned reputation for excellent business practices and products’ quality with its operational headquarters in the bustling metropolis of Lagos, Nigeria in West Africa.
We are recruiting to fill the position below:
Location: Head of Insurance
Location: Lagos
Job Summary
- The Head of Insurance is responsible for leading and managing the organization’s insurance strategy, operations, and risk financing programs to ensure adequate protection of business assets, operations, and liabilities.
- The role oversees insurance policy administration, claims management, insurer and broker relationships, and compliance with regulatory and corporate governance requirements.
- The Head of Insurance works closely with business units, risk management, finance, legal, and executive leadership to identify insurance needs, mitigate exposure, and support business continuity and operational resilience.
- The role also provides strategic guidance on insurance matters, drives operational efficiency, and ensures effective management of the organization’s insurance portfolio in alignment with corporate objectives.
- Insurance is a centre-led function with the Group and will therefore be responsible for the management of all insurance policies across the Group from the centre.
- The Head of Insurance may, from time to time be required to sit a couple of days a week at the Subsidiaries.
Key Duties and Responsibilties
- Implement the Group’s insurance strategy, policies, and risk transfer programs.
- Manage insurance coverage for key business operations including manufacturing plants, logistics, energy, infrastructure, and corporate assets.
- Oversee policy administration, claims management, renewals, and insurer/broker relationships.
- Evaluate operational and strategic risks to ensure adequate and cost-effective insurance protection across the Group.
- Lead negotiations with insurers, brokers, and reinsurers to secure optimal coverage terms and pricing.
- Monitor claims trends, loss ratios, and insurance performance while driving continuous improvement initiatives.
- Ensure compliance with regulatory requirements, corporate governance standards, and internal policies.
- Provide insurance advisory support for major projects, contracts, investments, and business expansion activities.
- Prepare insurance and risk reports for executive management and the Board.
- Support business continuity, crisis response, and operational resilience initiatives.
- Collaborate with risk management, finance, legal, compliance, and operational teams to align insurance objectives with business strategy.
- Lead and develop the insurance team while promoting operational excellence and strong stakeholder engagement.
Key Requirements
- Bachelor’s degree in Insurance or Actuarial Science
- Post Graduate Qualification in Insurance
- MBA or Master’s degree is an added advantage.
- Professional certifications such as ACII, FCII, AIIN, CPCU, IISA, or related insurance qualifications are preferred.
- Minimum of 12 years’ relevant experience in insurance, risk management, underwriting, or claims administration.
- At least 5 years in a senior leadership or managerial role.
- Experience within manufacturing, oil & gas, logistics, infrastructure, energy, or large conglomerates is required.
- Strong experience managing large-scale corporate insurance portfolios and complex claims environments.
- Previous experience as an underwriter, insurer, reinsurer, captive license provider, wholesale broker or reinsurance broker will be advantageous.
Key Skills & Competencies:
- Strong understanding of corporate insurance programs, risk financing, underwriting, placement, negotiating, and claims management.
- Knowledge of industrial and operational risks within large manufacturing and infrastructure businesses.
- Strong negotiation, analytical, and stakeholder management skills.
- Excellent leadership, communication, and presentation abilities.
- Ability to influence strategic decisions and manage relationships with senior executives, insurers, and regulators.
- Strong governance, compliance, and internal control knowledge.
- High integrity, professionalism, and sound judgment.
- Strong project management and problem-solving capabilities.
- Understanding of captive structures and UMA’s.
Application Closing Date
Not Specified.
https://www.hotnigerianjobs.com/hotjobs/902723/head-of-insurance-at-dangote-industries-limited.html