The Kenyan Alliance Insurance is a leading Insurance and Financial Services Company offering a wide range of financial products and services in insurance. The product range includes life and general insurance, pensions, investment planning, wealth management, retirement planning and medical insurance.
As part of our growth strategy, the Company seeks to recruit a dynamic, passionate, innovative and result orientated professional to the below position;
Main Purpose of the Job- (Job Summary)
The role holder is responsible for directing, administering, and coordinating the internal operational activities of the Life Business in accordance with policies, goals, and objectives established by the Principal Officer and the Board. The Head of Life and Pensions Division will oversee quality assurance, Product development activities, and product management relating to Life Business at Kenyan Alliance. Central to this role is building positive and lasting relationships between Kenyan Alliance and its customers.
Main Responsibilities
- Participate in the development and preparation of short-term and long-range plans and budgets based upon the strategic plans and objectives;
- To manage life business operations in line with the company’s Policies and guidelines;
- Spearhead the development, communication and implementation of effective growth strategies and processes in line with the strategic objectives.
- Provide leadership for management of life fund and Pension in tandem with regulatory requirement and other areas of general management;
- Continuously propose the basis and scope of new insurance contracts and pricing for life products for market competitiveness;
- Carry out market intelligence to ensure the company is in tandem with the industry trends and adopt product pricing mechanisms that ensure profitability;
- Put in place control mechanisms that enable a measure of service satisfaction by agents, brokers, customers and the regulator;
- Continuously review and propose business handling procedures by recommending possible measures to enhance the company’s competitive ability;
- Promote a culture of high performance and continuous improvement that values learning and a commitment to quality;
- Carry out Market Intelligence and Research on new business potential in traditional and non-traditional sectors and subsequently formulating plans for developing and launching relevant insurance products.
- Perform any other roles as may be assigned by management from time to time.
Knowledge & Experience
The candidate must demonstrate and possess the following skills and qualifications:
- Bachelor’s Degree in Business related field, A Master’s Degree in Business will be an added advantage.
- ACII/AIIK graduate
- At least 8 years’ managerial experience developing and maintaining business growth with tangible results;
- Proven ability to guide the Life team members to achieve high performance;
- Thorough understanding of budgeting, accounting and financial reporting and analysis;
- Ability to work at both the strategic and tactical levels;
- Strong leadership skills and focused, confident individual with high level of integrity;
- Specialist training in General Management, Life Business Underwriting and or Claims Management.
- Strong analytical skills and attention to detail.
- Ability to create trends and innovative products from a myriad of information.
- Good written/verbal communication skills.
If you are interested in the position and have the required qualifications, please email a detailed CV indicating the current and expected salary and cover letter clearly indicating ‘HEAD OF LIFE AND PENSIONS’ on the subject line to hr@kenyanalliance.com by 22nd October 2024. Only shortlisted candidates will be contacted.
