Managing Director - Non life insurance
Managing Director - Non life insurance
Posted on :
15-11-2024
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1 Vacancy
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Job Description
Job Description:
We are seeking an experienced resultsdriven Managing Director for our NonLife Insurance division. This key leadership role is responsible for overseeing the strategic direction operational management and P&L performance of the business. The ideal candidate will be a proven sales leader with a strong track record of driving growth optimizing operational efficiency and achieving financial targets in the competitive insurance market.
Key Responsibilities:
- Strategic Leadership:
- Develop and execute the overall strategic vision for the NonLife Insurance division in alignment with the companys objectives.
- Drive the businesss growth by identifying and capitalizing on emerging market opportunities building strong relationships with key stakeholders and expanding market share.
- Ensure the business maintains a competitive edge in product development pricing and customer service.
- Sales and Business Development:
- Lead the sales strategy to drive new business acquisition as well as expand existing client relationships.
- Oversee the development of innovative sales channels and partnerships to maximize revenue opportunities.
- Actively engage with key clients brokers and other intermediaries to ensure a strong market presence.
- Analyze market trends customer needs and competitor performance to continuously refine sales strategies.
- P&L Management:
- Assume full accountability for the divisions P&L ensuring the achievement of financial targets and profitability.
- Develop and manage the budget cost control and financial planning processes to ensure sustainable growth.
- Monitor financial performance and implement corrective actions to address any variances from targets.
- Ensure profitability while maintaining the right balance between risk and growth.
- Operational Management:
- Lead and mentor a highperforming team of sales underwriting claims and operations professionals.
- Ensure the delivery of highquality insurance products and services that meet the needs of customers while adhering to regulatory requirements.
- Implement best practices in underwriting claims management and risk assessment.
- Drive operational efficiencies and improve process automation across the division.
- Regulatory & Compliance Oversight:
- Ensure compliance with local and international insurance regulations and industry standards.
- Act as the divisions representative in dealings with regulatory bodies and stakeholders.
- Oversee internal audit processes and risk management protocols to minimize financial and operational risks.
- Innovation & Market Positioning:
- Champion the use of technology and data analytics to drive smarter business decisions and improve customer experience.
- Foster a culture of innovation and continuous improvement particularly in product development and claims handling.
- Position the company as a market leader by focusing on differentiated products and customercentric solutions.
Employment Type
Full Time
Key Skills
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