About NIC:
NIC Holdings is one of the largest financial institutions in East Africa with a network of branches spread across the country, offering a full range of insurance products and services in Life and Non-Life insurance businesses and Financial Management. NIC Holdings has two subsidiaries which include NIC General Insurance Company Limited and NIC Life Assurance Company Limited.
Job Summary: The Managing Director – NIC Life will serve as the principal strategy and business development executive of the company and will have ultimate P&L responsibility. S/he will be responsible for developing, implementing and managing short, medium and long-term strategies that will ensure the continued growth and profitability of the company.
Key Duties and Responsibilities:
Lead the formulation of the company’s strategies and ensure implementation.
Serve as a key brand icon for the company, creating a niche for it in the insurance sector and consistently reinforcing and promoting the corporate brand value and identity.
Champion the overall business development efforts (including deal sourcing and origination) to ensure the realization of the company’s growth aspirations
Develop and maintain relationships with key stakeholders and lead the development of relevant strategic alliances.
Manage the assets, liabilities and human capital of the Company.
Take lead in the development of annual operating plans including business plans, operational requirements, staffing and budgets to ensure business continuity.
Take full ownership of the company’s financial performance and provide periodic update on it to the Board.
Lead the design of the strategic plan, business plan and other relevant documents
Periodically, generate progress reports indicating extent of achievement of targets.
Ensure the company complies with the regulatory requirements
Qualifications, Skills and Experience:
The ideal candidate should hold a first degree in the field of Management, Economics, Insurance, Law, Finance or related discipline, from a reputable University. Possession of an MBA or any other higher degree will be an added advantage.
Professional qualification(s) in Insurance (e.g. ACII), Actuarial Sciences or equivalent is an essential criterion for this position.
At least fifteen years of post-qualification experience including five years’ cognate experience at senior management level in an insurance firm / enterprise.
Excellent relationship management and strategic networking skills in the context of insurance business,
Detailed working knowledge of regional and global trends in the insurance industry as well as an understanding of the key macroeconomic drivers is an added advantage
Excellent communication and interpersonal skills,
Excellent leadership, negotiation, marketing, planning and organization skills.
Proficiency in English language as the official language spoken in Uganda. Ability to speak any of the other languages spoken in the region (such as French, Kinyarwanda, Swahili or Luganda) in addition to English language is an added advantage. .
Personal Competencies:
Demonstrates cooperation and tact when dealing with others
Demonstrates efficiency in the use of time and talent in order to achieve targets
Encourages innovation, creativity and flexibility in supervisees
Willingly adjusts to new situations and learns new material quickly
Perseveres with good spirit under pressure
Modifies behavioral style and management approach to reach goals
Demonstrates ability to effectively present ideas or tasks to an individual or a team.
Result-oriented
How to Apply:
All suitably qualified candidates should send their applications accompanied with a detailed Curriculum Vitae (CV), photocopies of academic documents and certificates, not later than addressed to: Head Human Resource, National Insurance Corporation Ltd., P.O. Box 7134, Kampala. Uganda.
E-mail to: vacancy@nic.co.ug and copy akomujuni@nic.co.ug
Deadline: 30th June, 2015 by 5:00 pm