Managing Director at CIC General Insurance Co. Ltd

Description

The Group seeks to recruit a dynamic and visionary leader to join this winning team as the Managing Director- CIC General Insurance Co Ltd.

Overall Objective

Reporting to the Group Chief Executive Officer, the successful candidate will provide strategic direction and leadership to ensure that the company 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.

Tasks and Responsibilities

• Formulate and implement the business strategy to ensure overall achievement of the company's long term strategy and annual business plans;
• Provide strategic direction on matters relating to business performance, new investments and business opportunities 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;
• Achieve operational results for all key metrics in line with annual business budgets and plans;
• 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.

Requirements

• Be a holder of a Bachelor’s Degree in related field, gained from a recognized institution. A Post Graduate professional qualification in Insurance and/or Actuarial, CFA, CPA (K), ACCA or CIMA;
• Master’s degree in related field will be added advantage
• Be a member in good standing of a recognized professional body;
• Certificate in Corporate Governance will be an added advantage;
• Must possess professional insurance qualification
• Have knowledge and relevant work experience of not less than ten (15) years, with at least five (10) years served in senior leadership position, and be able to demonstrate P&L responsibility and accountability;
• Proven ability to quickly grasp business risks and make sound decisions;
• 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 organization;
• 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

Benefits

Shortlisted candidates will be required to submit the following documents: Valid Certificate of Good Conduct from the Directorate of Criminal Investigations; Clearance Certificate from the Higher Education Loans Board; Latest Tax Compliance Certificate from the Kenya Revenue Authority; Certified copy of duly completed First Schedule (S.13) Self Declaration form from Ethics and Anti-Corruption Commission (EACC); and Report from an Approved Credit Reference Bureau.