Our client a startup company in the Insurance Industry is in
need of a General Manager.
General Manager – Insurance & Corporate
Job Profile:
The GM is fully responsible for the financial targets of the
company/business unit.
Overall Job Description
- The company will
carry General, Life and Medical Insurance products and services
- As the lead
insurance broker, you act as the chief intermediary between the company
and insurance companies, for both corporate and retail/personal products.
This includes product development, underwriting, risk assessment,
coordination for regulator approvals where necessary, product testing and
claims intermediation.
- As the lead
insurance broker, you will also specifically act as the intermediary
between our corporate clients and insurance companies.
- You are expected
to use your in-depth knowledge of risks and the insurance market to
determine and arrange suitable insurance policies for corporate clients.
- As an
independent insurance broker, we plan to offer our own products to ensure
that customers get the best possible cover(s). You are thus further
expected to use your knowledge of risks and the insurance market to assist
the retail product innovation team to design and package products that
will pass the basic insurer product evaluation criteria for risk and other
considerations.
- The GM –
Insurance and Corporate will further lead the charge in the stated own
product development strategy and ensure the necessary coordination and
alignment with insurers to actualize and roll out such products.
Key Responsibilities
- This will
include revenue and profit generation, including new business development
for the corporate division;
- Gathering
information from corporate clients, assessing their insurance needs and
risk profile; renewing or amending existing policies;
- Building and
maintaining ongoing relationships with corporate clients including
understanding the nature of clients’ businesses and fore-seeing their
insurance needs;
- Researching
insurance companies’ policies and negotiating with Insurers to find the
most suitable products for corporate and retail clients at best prices;
- Arranging
specialized types of insurance cover in complex cases; this may involve
preparing reports and negotiating with insurers;
- Advising
corporate clients on risk management, and helping to devise new ways to
mitigate risks
- Advising clients
on claims on their policies;
- Developing
strategic partnerships with service providers in the insurance value
chain, e.g. assessors, valuers, distributors and other professionals;
- Keeping up with
changes in the insurance market and in the clients’ industries;
While all of the above are the responsibilities of the GM, it is
expected that you will build a team to help you in the implementation of the
objectives and in achieving the said responsibilities.
Skills and Experience
- Candidate must
be a trained insurance professional with up to date certification and
testing in the relevant areas
- Minimum of
Bachelor’s degree or equivalent education
- Must be dynamic
and have practical industry experience with a strong understanding of
technology.
- Must have 5+
years post certification experience – Chartered Insurance Institute
- Must have
operating experience in senior management roles and in particular in the
execution of new projects and launching of new products
- Demonstrated
understanding of key laws and rules guiding insurance brokers, insurance
companies and customers in this market
- Demonstrated
understanding of the use of technology in work and the opportunities in
using technology in the insurance industry
- Ability to lead
and manage a team of professionals
- Excellent
written and oral communications, good organization, speed to execute work,
maturity, and sense of judgment
- Must have
integrity and high sense of ethical responsibility
If you believe you qualify for this position, please send your
CV and details of your current and expected remuneration to:
resume@interviewupconsulting.com
Only qualified candidates
will be contacted.
