Managing Director- Life Insurance

Lets Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

Old Mutual Botswana is a member of the Old Mutual Limited. We offer a wide range of short-term and long-term insurance services in Botswana with branches in Gaborone and Francistown. Our products provide insurance services to personal, commercial and corporate clients.

We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.

We are looking for a Managing Director for our Life Insurance business.

Key Requirements

• A relevant business degree, coupled with strong business acumen.

• Certificate of Proficiency in Long Term Insurance.

• Professional qualifications, such as Chartered Accountant, Actuarial, ACII, FIISA or similar will be an added advantage.

• A minimum of 5 years’ Executive level experience in insurance or financial services.

• Sales and Distribution experience.

• Strong track record of delivering business results.

Guides the business units in developing OML’s business strategy, translating the business strategy into the corporate plan and implementation plans with performance targets. Monitors the execution of the strategy and plans, evaluates and consolidates business performance reports based on the inputs provided by the business units and reporting on the business performance.

ResponsibilitiesFunctional Strategy Formation

Lead the development and implementation of strategy for an important area of responsibility within a function, anticipating complex issues, challenges, and opportunities and ensuring integration with wider functional strategy.

Strategy Formation and Implementation

Develop the strategy for a significant area of responsibility, such as a function, anticipating complex issues, challenges, and opportunities. Ensure the strategy is successfully implemented and meets medium-term business needs.

Policy Development and Implementation

Develop functional or operational policies and help develop policy frameworks for area of responsibility or department. Take responsibility for creating underlying procedures and monitoring their implementation.

Business Development

Take responsibility for implementing the business development strategy for a significant part of the organization. Formulate the strategy and identify, evaluate, and structure key transactions to ensure continued financial health and maximum value creation through the entire product life cycle. Transactions may involve alliances, collaborations, mergers and acquisitions, in- and out-licensing initiatives, and other activities. 

Business Planning

Develop and propose annual business plans for a given area or department, ensuring alignment with strategy. Recommend financial and headcount budgets; propose business targets, for example, revenues or other key performance indicators (KPIs); and schedule key activities/projects, ensuring integration with other elements of the organization.

Recommendations

Provide integrated, long-term solutions and strategies for a significant area of responsibility, such as a function.

Leadership and Direction

Identify and communicate the actions needed to implement the function's strategy and business plan within the business area or department; explain the relationship to the broader organization's mission, vision, and values; motivate people to commit to these tenets and do extraordinary things to achieve local business goals.

Strategic Planning

Manage an element of the organization's strategic planning. This could involve being responsible for development or delivery or both.

Budgeting

Manage budget plans for a department. May involve development or delivery or both.

Performance Management

Manage and report on performance within the department or area of responsibility; set appropriate performance objectives for direct reports and hold individuals accountable for achieving them; take appropriate corrective action where necessary to ensure the achievement of annual business objectives.

Organizational Capability Building

Evaluate the capabilities of staff within the department to identify gaps and prioritize development activities. Implement the organization's formal development frameworks within the area of responsibility. Coach and mentor others to support the development of the organization's talent pool.

Skills

Action Planning, Adaptive Thinking, Agile Project Management, Business Acumen, Commercial Acumen, Communication, Executing Plans, Legal Practices, Oral Communications, People Management, Policies & Procedures, Policy Development, Presenting Solutions, Sales, Strategic Focus, Strategic Planning, Strategic Prioritization

Competencies

Balances StakeholdersBuilds Effective TeamsBusiness InsightCommunicates EffectivelyCustomer FocusDrives ResultsFinancial AcumenManages Complexity

Education

Bachelors Degree (B)

Closing Date

07 April 2025 , 23:59

The Old Mutual Story!