Job Summary

Insurance Principal Officer to oversee the company’s objectives, drive strategy, man the day-to-day operations, including marketing, expense control and quarterly financial goal management.

  • Minimum Qualification: Masters
  • Experience Level: Executive level
  • Experience Length: 5 years

Job Description

Our client is an Insurance Brokerage company providing affordable and quality insurance services in Kenya. The company is a new entry in the insurance brokerage business and seeks to hire a competent, strategic and self-driven Insurance Principal Officer.

The incumbent will be tasked with overseeing all aspects of the brokerage business, by networking and bringing in new business.


Industry: Insurance

Location: Nairobi

Seniority: Reporting to the B.O.D

Salary: 200 – 300K


Responsibilities

  • Conduct regular and systematic appraisals and evaluations of the Company’s operations and keep the Directors updated on the same.
  • Sourcing, managing and maintaining key relationships with external service providers.
  • Develop and implement procedures and controls that will promote adequate communication and information flow which will solidify management control and direction of the organization.
  • Developing a base for long-term sources of clients by using referrals, occupational, and special-interest groups to compile lists of prospects.
  • Approaching potential clients by utilizing mailings and phone solicitation; making presentations to groups at company-sponsored gatherings; speaking publicly to community groups on the subject of financial well-being.
  • Determining clients’ particular needs and financial situations by scheduling fact-finding appointments; determining extent of present coverage and investments; ascertaining long-term goals.
  • Developing a coordinated protection plan by calculating and quoting rates for immediate coverage action and long-term strategy implementation.
  • Enhancing broker sales reputation by accepting ownership for accomplishing new and different
  • Direct short-term and long term planning and budget development in line with the company’s overall objectives and strategic business goals
  • Establish the performance goals, allocate resources and assess policies for senior management and all staff
  • A key deliverable would be to acquire, retain and create strategic partnerships to grow client base and revenue
  • Giving sound insurance advisory services and support to the clients, selling insurance policies to customers.
  • Design and monitor claims handling procedures for timely claims settlement for the clients as well as ensure compliance with IRA and other service level standards.
  • Proper and efficient coordination and administration of insurance services in the Company


Qualifications

  • MBA in Strategic Management/Marketing/Finance or related field
  • Degree in any business related field, e.g. Insurance, Marketing, Commerce, Economics etc.
  • ACII, IIK Diploma/COP
  • 5 years in an executive level position such as CEO/General Manager from a reputable organization.
  • Superior networking, business development skills with thorough knowledge of the Insurance business
  • Unquestionable moral and ethical background, with a valid certificate of good conduct and CRB clearance
  • Prior experience in leading teams, with a strategic approach
  • Excellent interpersonal, communication, public speaking and presentation skills
  • Solid working knowledge of budgeting, sales, business development and strategic planning
  • Ability to generate respect and trust from staff and external constituencies.
  • Keen to detail, reliable, goal oriented, task driven, team leader/player

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