Manager, Life Assurance at Deloitte Consulting

Description

Our Client,a key player in the Insurance Industry, offering a wide range of products including General Insurance, Life Assurance, Asset Management, among others, is seeking to recruit a dynamic, highly motivated, and results-oriented individual to fill the position of Manager – for their Life Assurance Business. The Manager - Life Assurance will be responsible for the Acquisition of new business in group life schemes, credit life, deposit administration schemes, and in accordance with the set targets, conserve all existing business by timely renewals and service delivery including proposing new methods for enhanced market development and penetration, soliciting & acquiring business from corporate and large clients, new product development and competitor analysis.

Requirements

• Be a holder of a Bachelor’s Degree in Insurance or related fields from a recognised institution;
• A Master’s Degree in the related fields from a recognized institution shall confer an added advantage;
• Must possess relevant professional qualification(s) in Insurance, Actuarial, ACII, IIK, or any other relevant fields;
• Have knowledge and relevant work experience of not less seven (7) years, with at least three (3) years served in a managerial position;
• Have demonstrable knowledge of the life insurance and a proven track record for success; and
• A thorough understanding of underwriting, claims management, agency management, pension business, with demonstrable acumen for business development is essential to this role.

Key Responsibilities

• Assess underwriting risks and process claims in accordance with laid down underwriting and claims procedures;
• Identify market opportunities and make recommendations towards the development of targeted value-product offerings for viable market segments and enhance stakeholder relationships in line with the RBA Regulations;
• Prepare and deliver accurate and timely competitive quotations in respect of group products to prospective clients, brokers, and intermediaries;
• Ensure effective and efficient claims payment to enhance customer service delivery in line with the cooperate goals and objectives;
• Set up sales contests and promotions and distribution of awards to the respective qualifying agents;
• Renew policies in line with the underwriting guidelines within the stipulated time frames and ensure any policy amendments and endorsements are promptly done;
• Establish performance objectives for employees and monitor performance on a continuous basis as well as update, inform and train trustees on various responsibilities as governed by the law; and
• Ensure and promote excellent branch agency force support to enable the Company to retain existing TLAs / Unit managers, attract new ones and create a competitive edge.

Person Specifications

• Be a holder of a business-related Bachelor’s Degree in Business, Commerce, Economics, Finance or related fields from a recognised institution;
• Have a Master’s Degree in the related fields from a recognized institution;
• Must possess relevant professional qualification(s) in Insurance, Actuarial, CFA, CPA (K), ACCA or ACA or any other relevant professional fields;
• Must be a member in good standing of a recognized and relevant professional body;
• Have knowledge and relevant work experience of not less than Fifteen (15) years, with at least ten (10) years served in a senior leadership position;
• Have demonstrable knowledge of the insurance or financial services industry and a proven track record in business growth; and
• A thorough understanding of financial management, regulatory compliance, board management, with demonstrable commercial and investment acumen is essential to this role.