Principal Officer at CIC Insurance

The Group seeks to recruit a dynamic and visionary leader to join this winning team as the Principal Officer – CIC Africa Life Assurance Uganda reporting to the Managing Director.

The successful candidate will provide strategic direction and leadership to ensure that the company’s vision mission, strategic goals and objectives are executed and aligned with the corporate values, while ensuring all legal, corporate governance and regulatory requirements are complied with.

Key Duties and Responsibilities

• Formulate, implement and ensure achievement of the Life Assurance Company’s overall business strategy
• Provide strategic leadership to the management serving as the principal link between the Subsidiary and the Uganda Board;
• Provide strategic direction on matters relating to life business performance and changes to enhance profitability and shareholder value;
• Develop, establish and operationalize Company policies, and ensure that appropriate management structures and policies are continuously developed, reviewed and implemented;
• Establish and manage highly collaborative relationships with key policy makers, regulators, customers and other key stakeholders, to ensure business retention and growth;
• Prepare regular and periodic reports to the Board for strategic direction and qualitative assessment on the achievement of the planned goals
• Ensure operating procedures and controls are established and communicated to solidify management control and direction of the business and
• Practice and promote a culture of high quality standards, integrity, ethics, diversity, Inclusion and corporate social responsibility across the Company.

Person Specifications

• Be a holder of a Bachelor’s Degree in related field, gained from a recognized institution. A Post Graduate Qualification in a business related field will be an added advantage;
• Be a member in good standing of a recognized professional body;
• Certificate in Corporate Governance will be an added advantage;
• Have knowledge and relevant work experience of not less than ten (10) years, with at least five (5) years served ¡n senior leadership position, and be able to demonstrate P&L responsibility and accountability;
• Proven organizational and stakeholder management skill is a key requirement for this position;
• Be a highly networked individual with ability to build and maintain relationships beneficial to the organisation;
• Should have strong business development focus with proven track record of business turnaround; and
• Have thorough understanding of financial management, regulatory compliance, board management, demonstrable commercial and investment acumen.