Vacancies In A Reputable Specialist Life Assurance Company

PricewaterhouseCooper (PwC) - Our client is a widely recognised Specialist Life Assurance Company in Nigeria, serving thousands of customers with bespoke insurance products tailored for each phase of their lives. The company is aimed at improving the quality of life of clients by providing prompt and quality insurance service delivery. They offer a range of insurance products such as annuity, investment plans, group life plans and much more. They are recruiting to fill the position below:     Job Title: Executive Director, Technical Reference Number: 130-PEO00978 Location: Nigeria Department: People & Change Nigeria Job type: Permanent Roles & Responsibilities

• Prepares, administers and manages the departmental budget on an annual basis. As well as analysing and identifying future budgetary requirements required to achieve organisational targets
• Maintains checklist of daily operations of all equipment and advises divisional heads on the proper use of equipment to avoid breakdown and reduce repair costs.
• Monitors maintenance and operating costs to ensure they are within the limits of the budgets
• Analyses business needs and liaises with the relevant consultant or external party on issues that are beyond the expertise of the in-house technicians
• Liaises with procurement for the purchase of needed technical equipment
• Performs installation of machinery and equipment at the various business locations
• Establishes procedures and practice standards for carrying out technical maintenance activities in the business
• Engages with relevant internal colleagues, establishes and implements documentation standards, procedures and tools for Technical services
• Establishes and implements measures to monitor and report delays or variances in inbound/outbound deliveries to the appropriate parties
• Reviews periodic reports on all Technical services related transactions
• Oversees and monitors operational and service performance against targets and reports to management at agreed intervals
• Develops and oversees the implementation of the asset management system, including the establishment of an effective and efficient operations unit
• Restructures Technology services when needed
• Provides vision, direction and leadership to IT resources and structures.
• Accountable for Facilities
• Develops and maintains the strategic annual asset management plans and aligning with the departmental strategy and budget
• Develops and maintains asset registers
• Manages cost and ensures that departments work within assigned operations budget
• Designs and supports better management reporting, information flow and management, business process and organisational planning.

• Minimum of a Bachelor's degree in any related discipline
• Minimum of fifteen (15) years technical post-graduation experience, with at least seven (7) years as a senior management staff
• Relevant Master’s Degree is an added advantage
• Experience in the Insurance Industry is also an added advantage.

• Ensures employees compliance with policies that promote the company strategy, culture, mission and vision
• Provides advice to Company Management regarding Corporate Services and implementation of agreed management decisions
• Contributes to organisational leadership and strategic planning
• Identifies and eliminates errors and gaps in the application of appropriate controls to Company’s business processes
• Leads and participates actively in interdepartmental working groups as required
• Evaluates the performance of the Department against stated objectives, developing performance measures and ensuring feedback to staff on the department’s performance in meeting targets and objectives
• Communicates process improvement strategies to employees
• Plans, organizes and leads teams for internal initiatives and ensures accountability
• Seeks to ensure the development of effective working relationships between the department and others across the Company
• Reviews and improves approaches for communication, visibility, and reporting for clients
• Improves client strategic approach and relationship growth approach
• Assists in hiring process for new talent
• Provides strong direction and leadership, ensuring clear strategic objectives are in place to guide the work of the department
• Supports the implementation and facilitation of relevant workshops and training courses
• Promotes a strong team culture
• Analyses industry trends, competitive threats, expansion opportunities and internal performance across all units
• Monitors the progress of the Company and its competition to ensure that all goals and benchmarks are met, as well as re-evaluating and adjusting them as needed
• Ensures the development, monitoring and management of department budget
• Contributes to the development and implementation of administrative, financial and operational procedural statements and guidelines for use by staff in the organization.

• Minimum of first degree in any relevant discipline
• MBA or Masters in any Business related discipline
• Professional membership in the Insurance industry is required
• Project management certification is an added advantage
• Minimum of ten (10) years cognate experience in the industry, out of which five (5) years must have been spent at a senior management level.

• This role demands a resourceful and highly organized individual with demonstrated capacity to simplify complex issues and recommend solutions and policy changes.
• The individual must have a comprehensive grasp of integrated agency workflows and operations, along with training in project management programs, tools and methodologies.
• The role calls for a highly analytical and strategic thinker, one who is able to pay critical attention to detail.
• The role also calls for good leadership, networking/ social skills, confident disposition, written and verbal communication skills, in-depth knowledge of the company’s activities, industry and competition.

• The MD/CEO is responsible for providing strategic leadership for the company by working with the board of directors and the executive management team to establish long-range goals, strategies, plans and policies.
• This role reports to the Chairman of the Board and the Group CEO, West Africa.

• Responsible for strategic direction of the overall business, including all operational components of Finance, HR, Risk, IT, Programme Office and Compliance.
• Responsible for developing and implementing the long term 3yr+ business plan.
• Manages the profitability of the business (bottom line responsibility).
• Develops overall distribution growth strategy and sets aggressive performance targets for the different channels that result in increased sales and improved operating efficiencies.
• Creates a sustainable channel economic model that incorporates the regulatory framework and is based on delivering products that are relevant to customer needs and competitive in the market place.
• Ensures the financial viability of all segments in the Non - Life Company.
• Ensures efficient Non - Life Company operations that deliver customer satisfaction and retention.
• Ensures development of new business initiatives that deliver new sources of customers and revenue.
• Analyses risks and comes up with strategies for managing them and ensuring that assets of the Non - Life Company are adequately safeguarded and maintained.
• Ensures capable management succession as well as progressive employee training and development programs.
• Ensures that capability and synergy exists within each channel and segment to manage key external client relationships in order to enhance distribution reach.
• Responsible for fostering a culture that promotes customer focus, ethical practices, integrity, a positive work climate and high performance - enabling the business to attract, retain and motivate a diverse group of employees.
• Engages and manages all relevant stakeholders continuously, i.e. internal and external.
• Manages risk and compliance.
• Manages external relationships and influences industry bodies.

• Governance & Compliance
• Strategy Implementation
• Functional Effectiveness
• Investment Performance Measurement
• Stakeholder Management.

• Must have a first degree and an MBA or M.Sc in any discipline
• Certifications from at least 2 Executive Business Programmes
• Must be a registered member of the Chartered Insurance Institute of Nigeria
• Membership with the Chartered Insurance Institute of the UK or any other recognised professional qualification in Insurance is an added advantage
• At least ten (10) years working experience in the insurance industry, with a minimum of seven (7) at senior management level or at least fifteen (15) years working experience, with a minimum of ten (10) at senior management level in a Technical Department of an Insurance or Reinsurance Company
• Relevant work experience in a multinational or international company
• International work experience and/or exposure is an advantage
• Experience in one of the top five (5) Composite Insurance Companies in Nigeria at a management or senior management level
• Good knowledge of the Insurance industry in Nigeria
• Experience and skills in Business Development and Marketing
• Experience in presenting at Board meetings and liaising with Directors

• Presentation skills; Financial Analysis; Technical Insurance (Claims, Underwriting and Re-insurance); Excellent Communication skills; Excellent business acumen; Strong leadership abilities; Goal oriented; Energetic and agile personality; Able to deal with new and difficult situations easily; High level of maturity; Mentorship skills; High level network

• Shortlisted candidates will be required to satisfy the requirements of sections 12, 13 & 14 of the Nigeria Insurance Act of 2003, must not be convicted of any offence involving dishonesty or fraud or guilty of serious misconduct.
• If any of the statements in sections 12, 13 & 14 of the Nigeria Insurance Act of 2003 apply, shortlisted candidates will be required to provide relevant details.