• Business Strategy Executive at Britam

  • Posted on: 21 November, 2016 Deadline: Not Specified
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  • Britam is a leading diversified financial services group, listed on the Nairobi Securities Exchange. The group has interests across the Eastern and Southern Africa region, with operations in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi. The group offers a wide range of financial products and services in Insurance, Asset management, Banking and Property. Our Mission is to provide outstanding financial services to our customers. Our Vision is to be the most trusted financial service partner. We aim to provide our clients, with an unmatched offering, ensuring first class solutions that help secure the future.

    Business Strategy Executive

     

    Key responsibilities

     

      • Interact with Business Unit leaders and managers to provide consultative support to the development and implementation of the strategy;
      • Assist the Business Unit leaders to translate the Strategy into a strategy map, KPIs and initiatives;
      • Work with key stakeholders to ensure effective cascading and communication of the strategy to the rest of the organization;
      • Track the overall performance of the Business Unit against key strategic goals and targets;
      • Prepares strategic analysis reports and recommendations and ensures regular, timely and accurate reporting to key stakeholders (or on an ad-hoc basis when required);
      • Collect, analyse and track key business performance data across key performance indicators (based on the Balanced Scorecard framework) and highlights strategic issues;
      • Conduct regular strategy review meetings with key stakeholders within the Business Unit to discuss the Business Unit performance against the strategy and ensure that key strategic decisions are taken in a timely manner;
      • Follows-up, coordinate and ensure that all decisions made in the performance and strategy review meetings are executed by the respective owners;
      • Support ongoing strategy implementation and monitoring by ensuring timely collection, compilation, analysis, and reporting of data on key initiatives and suggests corrective action where required;
      • Support the Business Unit in the quantification and monitoring of strategic expenditure (STRATEX) required for the implementation strategic initiatives and prepares a business case for the viability of new initiatives or projects;
      • Provide industry trends and competitor benchmarking and identification of best practice and innovation both locally, regionally and globally;
      • Coordinate with the Finance Department to assist in the development of business plans for the Business Unit including providing inputs into the planning/forecasting process;
      • Facilitate change in the organization by supporting change management activities and providing training to staff on effective strategy development and execution processes;
      • Monitor and report on key strategic risks on a periodic basis, follows-up defined risk mitigation and prevention plans and coordinates with Risk and Compliance Department; and
      • Perform any other duties as may be assigned from time to time.

     

     

    Key Performance Measures

     

      • Development of robust and comprehensive strategy plans;
      • Accurate and timely delivery of strategic analysis and update reports;
      • Timely and effective delivery of strategic initiatives;
      • Effective cascading and communication of the strategy to all staff;
      • Alignment of Business Unit strategies to Group Strategy;
      • Effective stakeholder engagement and change management;
      • Periodic reviews and updating of the strategy through market research and innovation; and
      • Risk identification and mitigation.

     

     

    Working relationships

     

    The Business Strategy Executive Will Be

     

      • Accountable to the Group Strategy Manager
      • Required to liaise and work closely with Business Unit and Departmental Heads and Managers

     

     

     

     

    External Working Relationships

     

      • Financial sector players

     

     

    Knowledge, Experience And Qualifications Required

     

      • Bachelor’s Degree in Economics, Business Administration, Finance, Actuarial or related field related fiel;
      • ACCA/CPA or CFA qualification (or part qualification) or other related field;
      • 4-6 years’ experience in strategy development and implementation, business planning and analysis or in strategy consulting;
      • Certification in the Balanced Scorecard or Project Management etc. would be an added advantage; and
      • Proficiency in Microsoft Office tools (Excel, PowerPoint, Access, etc.)

     

     

    Competencies

     

    Technical skills;

     

     

     

    • Strong strategic analysis skills using all of the following various methods such as:
    • PESTEL/STEEP analysis
    • SWOT analysis
    • Porter’s Five Forces Framework
    • Ansoff Matrix
    • Value Chain Analysis

     

    • Excellent financial modelling and analysis skills including:
    • Scenario Planning and Forecasting
    • Sensitivity Analysis and Logical framework analysis
    • Cost-benefit analysis

     

     

    • Project management skills – preferably a formal project management qualification (e.g. Prince2)

     

    Functional skills;

     

    • Strong time and capacity management skills; able to work across the organisation on multiple projects simultaneously, managing expectations and prioritising workloads.
    • Adaptable to change; able to respond to shifting requirements and priorities
    • Well organised and structured approach to work with good attention to detail.
    • Excellent report writing and presentation skills
    • Demonstrable problem solving and critical thinking skills

    Method of Application

    Interested and qualified? Go to Britam career website on careers.britam.com to apply

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