Manager - Strategy at Jubilee Insurance

Job Ref. No: JLIL 261

Role Purpose

The role holder plays a key role in development and implementation of strategic initiatives and providing analytical insights to support decision-making within the company. The role holder also focuses on analyzing market trends, evaluating competitive landscapes, and identifying growth opportunities as well as collaborating with cross-functional teams to develop and implement strategic plans aligned with the company's goals and objectives.

Main Responsibilities

Strategy

• Develop and execute a comprehensive strategic plan that aligns with the company's vision and goals, considering market trends, competitive landscape, and emerging opportunities.
• Conduct market research and analysis to identify customer needs, market trends, and competitive landscape, and use the insights to shape the strategy direction.
• Formulate strategic plans and initiatives to capitalize on market opportunities, enhance product offerings, and optimize operational efficiency.
• Collaborate with cross-functional teams to translate strategic priorities into actionable plans and initiatives.
• Monitor and evaluate the progress of strategic initiatives, adjust strategies as needed, and ensure alignment with organizational goals.

Operational

• Oversee the execution of strategic initiatives and projects, ensuring adherence to timelines, budgets, and quality standards.
• Provide guidance and support to operational teams involved in implementing strategic plans and initiatives.
• Monitor key performance indicators (KPIs) and performance metrics to track the effectiveness of strategic initiatives.
• Identify operational challenges or bottlenecks hindering the execution of strategic plans and recommend solutions.
• Foster a culture of innovation, continuous improvement, and accountability within the organization.
• Board papers preparation.

Corporate Governance

• Regulatory Compliance: Ensure adherence to insurance regulations, industry standards, and internal policies.
• Risk Management: Implement risk management practices and frameworks to assess and mitigate against emerging business risks.

Leadership & Culture

• Fostering a corporate culture that promotes ethical practices and good corporate citizenship while maintaining a conducive work environment.
• Collaborate with cross-functional teams to develop initiatives that promote a positive and inclusive company culture.
• Individualized Development Planning: Create personalized development plans that align with career aspirations and the organization's objectives.
• To provide the much-needed transformational leadership to meet and surpass the expectations of stakeholders.

Key Competencies

• Strategic Thinking-Ability to think critically, analyze complex situations, and develop strategic insights and recommendations.
• Analytical Skills-Strong quantitative and qualitative analytical skills to gather and interpret data, conduct financial analysis, and generate actionable insights.
• Business Acumen-Sound understanding of the insurance industry, including market dynamics, regulatory environment, and key drivers of profitability.
• Problem Solving-Ability to identify challenges, develop innovative solutions, and overcome obstacles to achieve strategic objectives.
• Communication and Presentation-Excellent verbal and written communication skills to effectively convey complex ideas and analysis to both technical and non-technical stakeholders.
• Collaboration and Influence-Ability to collaborate with cross-functional teams, build relationships, and influence decision-making processes.
• Project Management-Strong organizational and project management skills to prioritize tasks, manage multiple initiatives, and deliver results within established timelines.
• Technology and Data Analysis-Proficiency in data analysis tools, database management, and business intelligence software. Familiarity with statistical analysis and modeling techniques.

Academic Background & Relevant Qualifications

• Bachelor’s degree in business administration, Finance, Economics, or a related field.
• A master's degree is a plus.
• Professional certifications in strategy, business analysis, or related areas are advantageous.
• Minimum of 5 years of experience in strategic planning, business development, or management consulting,
• preferably within the insurance or financial services industry.
• Proven track record of developing and executing successful strategic initiatives and driving organizational growth.
• Experience in leading cross-functional teams and managing complex projects from inception to completion.