Rose Avenue Consulting Group (RACG) is a financial management, strategy, and consulting firm. We are looking for a Managing Director for Bancassurance to provide strategic leadership and oversight for the business unit. The successful candidate will develop and execute business strategies that ensure the sustainable growth of the business from sales, operational, and customer experience perspectives.
Key Responsibilities
Financial Management
- Develop and execute business strategies ensuring sustainable growth from sales, operational, and customer experience perspectives.
- Drive and steer the business's financial performance including Income statement/P&L and Balance Sheet.
- Oversee all operations, service, administrative, finance, and business development functions of the business.
- Enhance the breadth and depth of product lines to achieve and sustain competitive positioning in target markets.
- Implement global standards within the region of operation.
- Build strong networks and foster positive, productive, and mutually beneficial business partnerships and relationships.
- Focus on cross-selling objectives, including bank products such as CASA and Assets.
- Collaborate with business owners in commercial units of other group operating entities to provide client solutions.
Business Processes, Risk, Compliance, and Audit
- Manage regulatory relationships.
- Ensure adherence to all operations as stipulated in the Insurance Act and related CBK Business guidelines.
- Comply with all audit requirements of the bank and insurance agency including Insurance Regulatory Authority (IRA) Guidelines, Prudential Guidelines, RCSA, and Business Continuity Plan (BCP).
- Maintain positive audit readiness by enhancing proactive self-risk assessment and mitigation.
Customer Strategy
- Provide strategic direction to the management of customers' sales and service experience quality.
- Direct the management of sales channels, service delivery systems, and relationships with business partners for insurance products.
People Leadership
- Develop and implement an organizational structure that supports the strategy.
- Drive recruitment and retention of a high-performing team and oversee talent management.
- Ensure a productive working environment and implement succession plans for key roles.
- Instill a learning culture and ensure compliance with regulatory requirements regarding people (leave, fit & proper approvals, fair treatment).
- Drive high productivity within the team with associated recognition and reward plans.
Other Requirements
- Masters and Undergraduate degree in a business-related field.
- Certificate of Proficiency (COP) in insurance and/or other insurance qualifications.
- Diploma in Insurance Management and/or other insurance qualifications.
- Member of a professional insurance body (e.g., Associate of the Chartered Insurance Institute, Chartered Institute of Marketing).
- Minimum of 12 years’ experience in sales and/or customer service operations for life and general insurance.
- At least 5 years’ demonstrable experience in a senior management or supervisory role in the financial sector (Banking and/or Insurance).
How to Apply
Interested and qualified candidates should apply online through the Rose Avenue Group recruitment link provided.
