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Full-time Managing Director

at Mercantile Insurance Company in Nairobi

Managing Director at Mercantile Insurance Company in Nairobi – Kenya Jobs, Careers and Vacancies

Our Client, Mercantile Insurance Company Ltd. is a blue chip insurance company in Kenya licensed to underwrite both life and non-life business. Mercantile is a subsidiary of the Saham Group, a multinational capital holding company operating in various service industries across Africa and the Middle East and is the largest insurance group in Africa excluding South Africa.

In order to support and execute its growth and expansion strategy, Mercantile is seeking to recruit a results driven individual to the position of Managing Director (MD). Reporting to the Board of Directors, the MD will be charged with the provision of strategic direction and promotion of best management, financial, commercial and operational practices that will ensure sustainable growth of the business.

Roles and responsibilities will include:

  • Providing leadership in the development and execution of the company’s strategic plans;
  • Ensuring the execution of strategic priorities in order to achieve agreed financial, customer, and channel metrics;
  • Overseeing the development of innovative products for new and existing clients;
  • Ensuring that appropriate commercial and technological processes and infrastructure are in place for delivery of desired business objectives;
  • Understanding and managing key business risks including market, insurance, operational, compliance and legislative risks;
  • Building effective relationships with key stakeholders, including but not limited to * Boards, Regulators, Shareholders, Statutory Actuary, Auditors and Industry Bodies;
  • Identifying and executing acquisition opportunities to accelerate the achievement of the business strategy;
  • Enforcing a culture of regulatory compliance and good corporate governance;
  • Maintaining a conducive work environment for attracting, retaining and motivating employees, and
  • Diversifying the company’s product and customer mix towards the retail sector.

Skills and Attributes

  • A Bachelors degree in Business, Economics or Finance from a recognized institution. A Masters degree will be an added advantage;
  • An Advanced Diploma in Insurance (ACII) or other relevant qualification;
  • At least ten (10) years’ experience at senior level in the Insurance or Financial Services sector;
  • Excellent business acumen and awareness of the external environment;
  • Proven track record of leading and developing people, delivering strategic projects and achieving financial goals; and
  • Proficiency in both English and French will be a strong added advantage.

If you believe your career objectives match the above roles, please forward your application and detailed CV stating your current position, remuneration, contact details as well as names and contacts (telephone and e-mail address) of three (3) referees familiar with your qualifications and work experience, on or before 21 February 2014 addressed to:

The Director
Executive Selection Division
Deloitte Consulting Limited
Deloitte Place, Waiyaki Way, Muthangari
P 0 Box 40092 00100 Nairobi

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Published at 09-02-2014
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