Britam Chief Executive Officer - Jobs in Tanzania

Britam Chief Executive Officer - Jobs in Tanzania

Job purpose

The role holder will be responsible for providing effective leadership and direction to the business by ensuring that the desired profitability and market share are achieved in line with the company strategy while managing key stakeholder relationships and maintaining a high performance culture.

Key Responsibilities

  • Participate in the formulation and implementation of the business strategy to ensure overall achievement of the company’s objectives;
  • Provide strategic direction and leadership on matters relating to business performance, new business opportunities, marketing, investments and other initiatives that enhance profitability and shareholder value for the insurance business;
  • Prepare regular and periodic reports to the Board that provide a strategic perspective, quantitative and qualitative assessment of the achievement of the planned goals for insurance business;
  • Provide effective leadership in the execution of the company’s strategy and annual business plans/budgets;
  • Ensure the achievement of targeted operational results in line with annual business plans/budgets;
  • Ensure appropriate management structures and policies are developed, implemented and maintained;
  • Maintain a proactive public relations policy that upholds the image and reputation of the company in the marketplace and the country at large;
  • Maintain robust Business Development and Customer Relationship strategies that ensure business acquisition, retention and growth targets of the strategic and business plans/budgets are attained;
  • Ensure that accurate data is maintained on all IT, core and related systems;
  • Establish and manage highly collaborative relationships with business partners, policy makers, customers and other key stakeholders, both locally and internationally;
  • Effectively manage the day to day relationships with the Regulator (TIRA);
  • Effectively superintend the entire Tanzania Insurance Business; and
  • Deliver performance requirements as defined by the company from time to time.

    Key Performance Measures
  • Profit
    Before Tax
  • Gross Written Premium/Gross Earned Premium
  • Underwriting Profit
  • Operating Expense Ratio
  • Loss Ratio
  • Combined Ratio
  • Channel Productivity
  • Share of Medical, Motor and non-motor in the portfolio
  • Client Retention Ratio
  • Employee net promoter score

    Knowledge, Experience and Qualifications
    Qualifications
  • A Bachelor’s degree as well as a Master’s degree, in a business-related field;
  • Professional qualifications: ACII, FCII or Equivalent;
  • At least 10 years’ experience including senior management level, with at least 8 years post qualification experience in a highly competitive and fast growing insurance industry;
  • In-depth knowledge and understanding of the
  • Tanzanian Insurance industry and its dynamics;
  • A thorough understanding of local customers, the Tanzania market and industry competitors;
  • Excellent knowledge of insurance regulatory requirements;
  • Effective negotiation skills;
  • Excellent organizational and analytical skills;
  • Excellent report writing skills;
  • Effective business management skills; and
  • Strong working knowledge of English (spoken and written).

    Competencies
  • Ensure Business Objectives are met;
  • Be vision carriers; facilitate, drive and extract the vision for the business with the functional team;
  • Ensure the successful implementation of the strategy;
  • Ensure a sustainable business over a long-term defined vision;
  • Have a global understanding of business practices and local application;
  • Have a long-term view on profit, functions and processes;
  • Grow stakeholder value over the long-term;
  • Grow profitably across products and all business units;
  • Engage in continuous brand building to become the trusted partners to customers;
  • Develop innovative partnerships and distribution channels to increase market penetration;
  • Appropriately allocate funds and capital to maximise shareholder value;
  • Work strategically to ensure market leading position; and
  • Adequately manage operational risk.

    How to Apply
  • Interested and qualified candidates should apply online by 23rd June 2019
  • For more information and job application details, see; Britam Chief Executive Officer - Jobs in Tanzania

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