Head of Bancassurance at TUME Middle Africa Consulting Limited

3 weeks ago


Nairobi, Kenya TUME Middle Africa Consulting Limited Full time

TUME Middle Africa Consulting is a business advisory service offering support to Companies and business professionals who want to build their brands and markets in Africa. TUME works with selected independent professional partners to merge global expertise with local knowledge and deliver outstanding, actionable solutions. Engaging TUME will strengthen your professional capability significantly and help shape your growth.
This positions’ key responsibilities are:

Assess potential risks and liabilities faced by the company and identify appropriate insurance coverage to effectively mitigate these risks. Ensure zero exposure to loss.
Ensures that the Company’s insurance coverage complies with applicable regulations and the strategic direction of the Company. Zero litigations.
Conduct thorough market research, develop, recommend, and implement customer centered insurance policies and services to achieve business growth and revenue targets.
Maintain timeliness, accuracy and adequacy of insurance related reports provided to the management, board and other stakeholders. Provide recommendations, input into strategic planning.

SPECIFIC JOB RESPONSIBILITIES:
The Head of Bancassurance is responsible and accountable for the following core job elements:

Assessing potential risks and liabilities faced by the company, as well as identifying the appropriate insurance coverage to mitigate these risks effectively.
Ensuring that all insurance activities adhere to relevant regulations while also aligning with the broader strategic objectives of the company.
Developing, recommending, and implementing plans, policies, and programs for all company insurance coverage to protect the human, physical, and financial assets of the company.
Evaluating available policy options, negotiating terms with insurers, and ultimately approving the most suitable insurance packages for the company. Ensuring that company products have adequate protection.
Developing strategies to help customers secure appropriate insurance coverage for their needs, including negotiating favorable terms with insurers on their behalf.
Acting as a central point of contact for insurance-related matters across the organization, providing guidance and support to various departments as needed.
Cultivating strong partnerships with insurers to facilitate collaboration, negotiate favorable terms, and ensure effective communication.
Conducting thorough market research to identify emerging trends, customer needs, and opportunities for improving the company's insurance products and services.
Working closely with cross-functional teams and product owners to translate insurance strategies into tangible products and services that meet user needs and align with the company's overall objectives.

EDUCATIONAL AND COLLATERAL REQUIREMENTS:

Bachelor’s degree in business administration or a related field from a recognized University and a post graduate certification in Management or Insurance. An MBA is an added advantage.
Ten or more years of experience, five of which must be in a similar senior role driving end-to-end product initiatives, rapid and successful partnership initiatives in the banking or fin-tech or Insurance businesses.
Ability to expertly analyze P&L and ensure strategic alignment. Proficient in risk analysis, coverage, underwriting, rating, markets and contracts; adept at communicating insights to team members.
Must be passionate about creating social impact through education and willing to travel to low-income communities to evaluate customer’s businesses.
Excellent interpersonal, coaching, negotiation, presentation and good Microsoft Windows skills.
Self-starter, street smart, team player, mature individual with outstanding strategic, analytical, numerate, creative skills, communication and presentation talents



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