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Jubilee Insurance was established in August 1937, as the first locally incorporated Insurance Company based in Mombasa in 1937. Jubilee Insurance has spread its sphere of influence throughout the region to become the largest Composite insurer in East Africa, handling Life, Pensions, general and Medical insurance.
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Job Ref. No. JLIL078
Role Purpose
The Product Manager will be responsible for the Life product planning and execution throughout the Product Lifecycle, including gathering and prioritizing Life products and customer requirements, defining the product vision, integration of backend/frontend operations for all products before launch and working closely with actuarial, sales, marketing teams and all key stakeholders to ensure revenue and customer satisfaction goals are met. The Product Manager will also ensure that the product supports the company’s overall strategy and goals.
Main Responsibilities
- Define the product strategy and roadmap
- Prepare Market Requirement Documents and Product Requirement Documents with prioritized features and corresponding justification.
- Analyse consumer needs, current market trends, and potential partnerships from an ROI and build vs. buy perspective.
- Drive the execution of all product lifecycle processes for all Life products, including product research, market research, competitive analysis, planning, positioning, roadmap development, requirements development, and product launch
- Translate product strategy into detailed requirements for prototype construction and final product development
- Work with external third parties to assess partnerships and licensing opportunities
- Develop the core positioning for the Life products
- Monitoring the market and developing competitive analyses.
Key Competencies
- Visionary Leadership
- Entrepreneur Spirit
- Market Awareness
- Customer Focus
- Continuous Innovation
- Ownership & Commitment
- Team Spirit
Qualifications
- Bachelor’s degree in Actuarial Science, Commerce, Statistics, or any other related field.
- Masters will be ad added advantage.
- Diploma in Insurance/LOMA Qualification
Relevant Experience
- A minimum of 7 years’ experience in Product Development.
- Project management experience will be an advantage.
- Deep knowledge of the insurance industry
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Job Ref. No. JLIL077
Role Purpose
The Unit Linked Sales Manager is responsible for delivering the unit linked products new business as per the set budgets, meeting revenue budget, engagement with stakeholders to ensure the seamless running of the backend / frontend operations for unit linked products and ensuring that the distribution channel is well equipped and adequately trained to sell the Unit Linked products.
Main Responsibilities
- Build and maintain a sales force whose focus is primarily to sell the unit linked products
- Manage and direct a productive sales force to ensure smooth running of the team
- Ensure the sales force are professionally trained to sell and service the Unit Linked products
- Meet the sales target for unit linked products
- Ensure that persistency level of the Unit linked products meets the Company’s acceptable set standards.
Key Competencies
- Visionary Leadership
- Entrepreneur Spirit
- Market Awareness
- Customer Focus
- Continuous Innovation
- Ownership & Commitment
- Team Spirit
Qualifications
- Bachelor’s degree in Sales, Marketing or any other related field.
- Masters will be ad added advantage.
- Diploma in Insurance/LOMA Qualification
Relevant Experience
- A minimum of 5 years’ experience in Sales.
- A minimum of 2 years’ experience in Unit Linked Product Sales
- Project management experience will be an advantage.
- Deep knowledge of the insurance industry
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Job Ref. No. JLIL076
Role Purpose
The role holder will be responsible for the Sales, Distribution and Marketing of Group Life products and grow the business by identifying new business opportunities and building positive and lasting relationships. The role holder will also drive synergy with other business heads to support the broader organizational strategic plan in ensuring competitive positioning of the company in its target markets.
Main Responsibilities
- To meet revenue targets for Group Life / Group Credit Life
- Responsible for generation of new business leads, negotiation of product pricing and growth of sales revenue.
- Participate in the development & preparation of short-term and long-term plans based on the company strategic plans & objectives.
- Spearhead the development, communication and implementation of effective growth strategies and processes.
- Provide leadership to the business development team and improve the productivity of the team.
- Researching, planning and implementing new target market initiatives
- Strength intermediaries’ relationships.
- Ensure full compliance with all relevant legislations.
- Responsible for qualitative and quantitative reporting of business performance.
- Put in place mechanisms to ensure high levels of customer satisfaction.
Key Competencies
- Visionary Leadership
- Entrepreneur Spirit
- Market Awareness
- Customer Focus
- Continuous Innovation
- Ownership & Commitment
- Team Spirit
Qualifications
- Bachelor’s degree in Commerce, Statistics, Actuarial Science or any other related field.
- Masters will be ad added advantage.
- Diploma in Insurance/LOMA Qualification
Relevant Experience
- A minimum of 7-8 years’ experience in Group Life Business.
- Project management experience will be an advantage.
- Deep knowledge of the insurance industry
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Job Ref. No. JLIL059
Main Purpose
The role holder will work within the IFRS17 workstream, with the responsibility for technical modelling and actuarial computations, implementation within strict timelines, system set-up, user acceptance testing, dry run & go live.
Main Responsibilities
IFRS17 transition and reporting
- Technical modelling, actuarial computations, and reporting under IFRS17 methods.
- Develop controls, model audit trails, validation and documentation around estimates and judgement in IFRS17 implementation for data & results consistency, completeness, and accuracy.
- Modelling Jubilee financial statements under IFRS17 basis and comparatives to IFRS4.
- Testing products to examine their technical & operational feasibility under IFRS17.
System set-up
- Setting up product models and reporting on actuarial & IFRS17 software
- User Acceptance Testing
Projections and Budgeting
- Projected actuarial cash flows under IFRS17 budgets
Financial & regulatory reporting
- Inputs to regulatory reports i.e., Financial Condition Report, Solvency, Risk Based Capital reports
- Support stakeholders with actuarial inputs: Finance, appointed actuary and audit/ assurance teams on IFRS17
- reporting within monthly, quarterly & end year reporting timelines
Profit testing
- Profit-testing of products under IFRS17 and recommendations on optimal treatment of onerous contracts
- New product development & reporting: Technical analysis under IFRS17
Actuarial analyses
- Analysis of Jubilee’s value of new business, embedded value & Asset Liability Management valuations
- Risk assessment, management, and reporting under IFRS17 reporting
Key Deliverables
- Fulfill IFRS17 implementation for the region
- Appropriate pricing to achieve target profit criteria set by executive management
- Actuarial reporting for regulatory compliance & financial statements.
Academic Qualifications
- Bachelor’s Degree in Actuarial Science, Statistics, Mathematics or any other related field
- Professional actuarial exams (associate under IFOA/SOA or equivalent) is a mandatory requirement
- Accounting qualification will be an added advantage
Key Competencies
- Entrepreneurial Spirit
- Market Awareness
- Customer Focus
- Continuous Innovation
- Ownership & Commitment
- Team Spirit
Experience
- Minimum of three (3) years’ relevant experience, one (1) of which is at a supervisory level.
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Job Ref. No. JLIL080
Role Purpose
The business analyst lead will serve as a liaison between Data and business teams; He/she find ways to increase productivity and efficiency. The role involves monitoring the progress of projects by tracking activity, resolving issues, and recommending actions; and providing regular updates on deliverable timeline and project status to senior management and project management.
Main Responsibilities
- Serve as bridge between the CDO and business users to plan and execute User Acceptance Testing
- Assist with business strategy, controls, and financial performance
- Help to ensure business adherence to end-to-end data life-cycle controls
- Handle business and project issues proactively and escalates appropriately
- Develop and manage relationships with relevant stakeholders and their respective requests for analysis
- Work collaboratively to assist in the design and implementation of analysis to answer challenging business questions
- Undertake research and analyze data garnered from disparate sources and related industries and external benchmarks
- Provide relevant insights and recommendations with statistical support/validity on analysis
- Aid in the design and delivery of automated, scalable analytical models to stakeholders
- Work collaboratively with cross-functional teams, including Operations, Claims, HR, Sales and Product teams
- Provide leadership and develop the team of business analysts.
- Develop financial estimates for operating and/or capital expenses expected from meeting team deliverables
- Functional Skills
- Critical thinking and analytic orientation
- Strong business judgment
- Problem solving skills
- Teamwork abilities
- Communication skills
- Project Management skills
Qualifications
- A Bachelor’s Degree in Business Management or in a quantitative field such as Mathematics, Statistics, Engineering, Computer Science, Economics, or Finance.
Relevant Experience
- Familiar with data visualization tools e.g., Power BI, Tableau
- Experience in developing requirements and formulating business metrics for reporting.
- Experience in utilizing numeric data and metrics to back up assumptions and develop business cases
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Job Ref. No. JLIL079
Role Purpose
The Analytics manager serves as an analytics specialist in the business, focusing on the management of data from various sources and providing data-driven insights to relevant departments.
Main Responsibilities
- Analyses business data to provide the business’s management heads and stakeholders with information that supports departmental as well as overall business objectives
- Identify, analyze, and interpret trends and patterns in complex data sets, drawing insights that will aid the business in developing a suitable course of action.
- Consolidate, interpret, and present data in reports/dashboards for Executive, Team Leads and Individual End Users focused on Acquisition and Financial Information
- Produce reports and dashboard using Microsoft Power BI, SSRS and other data tools.
- Define and document customer business processes and report/dashboard content needs including business process diagrams, data maps, and data modeling.
- Proactively integrate new technologies for more advanced analytics including and not limited to PowerFlow, PowerApps and Machine Learning.
- Provide Power BI desktop & cloud platform, gateways & administration support, and expertise
- Provide good DAX, data modelling and basic M (Power Query Editor) capability
- Provide technical input and effective data analysis to projects to support the achievement of deliverables to time and budget
Functional Skills
- Critical thinking and analytic orientation
- Strong business judgment
- Problem solving skills
- Teamwork abilities
- Communication skills
- Project Management skills
Qualifications
- A Bachelor’s Degree in Business Management or in a quantitative field such as Mathematics, Statistics, Engineering, Computer Science
Relevant Experience
- Familiar with data visualization tools e.g., Power BI, Tableau
- Experience in developing requirements and formulating business metrics for reporting.
- Experience in utilizing numeric data and metrics to back up assumptions and develop business cases
Method of Application
If you are qualified and seeking an exciting new challenge, please apply via Recruitment@jubileekenya.com quoting the Job Reference Number and Position by 21st July 2022.Only shortlisted candidates will be contacted.
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