Principal Officer Job Responsibilities
Board related functions:
As a board advisor, you will provide critical advice to the board on current industry and marketing issues that are likely to impact the business;
Interface between the Board and staff and other stakeholders to drive and communicate the company’s objectives.
Ensure increased shareholder value to ensure business profitability.
Develop and recommend annual corporate budgets for Board approval and prudently manage the company’s resources within those budget guidelines.
Company leadership:
Promote sound corporate governance and ethical standards across the company.
Advocate / promote organization and stakeholder change that drives the company’s mission and objectives.
Provide strategic direction on new business opportunities for the company while actively seeking change opportunities for expanded growth.
Provide leadership in development and implementation of specific strategic thrusts to enhance profitability and shareholder value.
Keep abreast of and ensure corporate compliance with local legislature and regulator rules and requirements.
Oversee all marketing and sales activities of the company.
Effectively lead by demonstrating exemplary leadership behaviour, through personal involvement, commitment and dedication in support of organisational values.
Drive a culture that guides and directs best practice, fostering an environment of continuous learning, improvement and cohesiveness.
Enable a learning and growth culture whereby information regarding successes, issues, trends and ideas are actively shared between team members.
Execute effective workforce planning practices to ensure that staffing requirements are accurately forecasted
Create a positive work climate and culture to energise employees, give meaning to work, minimise work disruption and maximise employee productivity.
Effectively manage performance within the team in order to ensure business objectives are achieved
Encourage innovation, change agility and collaboration within the team and supervise heads of departments and evaluate overall performance of each.
Stakeholders and general public:
Effectively manage day to day relationships with the Insurance Regulatory Authority (IRA).
Company representative at all stakeholder forums and in all matters legal and economic.
Maintain a proactive public relations policy which includes corporate social responsibility programmes thereby enhancing the corporate image.
Qualifications for the Principal Officer Job
A minimum of 10 years working experience in the life insurance industry, five (5) of which should have been at senior management level
University degree preferably business, marketing or insurance option
MBA (Advantageous)
Hold a full ACII qualifications
Advanced Insurance Diploma is highly desirable.
Must pass the local regulator’s “fit and proper” assessment
