Section Head, Agrotakaful Strategic Development

Agrobank; Kuala Lumpur; On-site; MYR 200,000 - 250,000; Full time

Job summary

A leading company in the agricultural banking sector is seeking a Section Head for Agrotakaful Strategic Development. The role requires formulating strategies for establishing a Takaful entity, optimizing financial resources, and enhancing outreach to underserved customers. A strong background in insurance and customer-oriented solutions is crucial for success in this strategic position.

Qualifications

• Minimum 10 years of working experience in insurance or financial services.
• At least 5 years’ experience with insurance, banca, or wealth management.

Responsibilities

• Support the creation and expansion of Agrobank’s Corporate Transformation Plan.
• Formulate strategic initiatives to establish a Takaful entity.
• Achieve the organization’s revenue target with various strategic initiatives.

Skills

Business planning

Customer focus

Creative thinking

Effective communication

Collaboration

Agile mindset

Education

Bachelor’s degree in business or related discipline

Tools

MS Word

PowerPoint

Excel

Job description

Section Head, Agrotakaful Strategic Development

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The overall purpose of this job is:
To support the creation and expansion of Agrobank’s Corporate Transformation Plan (CTP). To meet this purpose, the scope of this job includes supporting the process of establishing a Takaful entity from inception to operationalization:

• Formulate the strategic initiatives to establish a Takaful entity
• Design and deliver the end-to-end target operating model for Takaful business.
• Prepare relevant approval papers for internal and external stakeholders’ endorsement.
• Prepare and execute proper development plan to meet the company’s business target

PRINCIPAL ACCOUNTABILITIES

• Achieve the organization’s revenue target with the implementation of various strategic initiatives.
• Plan and optimize the financial resources to generate maximum value for the company.

• To formulate appropriate strategy to create awareness on takaful products amongst Agrobank customers and the agriculture community as a whole
• To develop and provide affordable products and to cater for the needs of unserved and underserved customers
• Fulfill customer expectations on takaful products and services through efficient and effective methods and deliverables with particular focus on insurtech usage

• Provide alternative tools for the customers and the community to perform their financial transactions such as cashless or digital payment platform.

• Plan and recommend comprehensive proposal and initiatives for establishing a takaful entity focusing on agriculture with proper deliberations and due care given to matters related to Regulatory and Supervisory Framework, Shariah governance, Risk-based Capital Framework and Takaful Operational Framework.

• Assist in developing suitable training modules using the appropriate delivery channels to ensure effective and wider coverage.
• Accommodate smooth knowledge and technology transfer from the company’s strategic partners.

• Prepare relevant literatures and materials and ensure effective communication to internal stakeholders.

QUALIFICATIONS

Education: Bachelor’s degree in business, or related discipline
Experience: Minimum 10 years of working experience. At least 5 years’ experience with insurance, banca, wealth management, and/or financial services.

KNOWLEDGE AND SKILLS

• Experienced in preparing and appraising business plans and proposals for a new business venture.
• Familiar with insurance/takaful business particularly on the Regulatory and Supervisory Framework, Shariah governance, Risk-based Capital Framework and Takaful Operational Framework
• Exposure and experience in agriculture takaful/insurance would be highly advantageous.
• Experience with organizational transformation.
• Driver & self-starter – an ability to demonstrate initiative, independent, solution-oriented mindset.
• Customer focused – an ability to understand and anticipate customer’s perspectives and needs.
• Collaboration and networking – comfortable working with others to accomplish shared goals and objectives.
• Systematic and integrative thinking with an ability to connect the dots on a macro basis.
• Creative and able to come up with out of the box solutions and ideas.
• Effective communication – possess excellent ability to express thoughts orally and in writing with good interpersonal skills, communications, relationship building and presentation skills.
• Agile and versatile – an ability to respond positively, is flexible and quick to adapt to changes in work processes, environment, culture, and priorities.
• Competent with MS Word, PowerPoint and Excel and other collaboration & communication tools.

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At Agrobank, our mission is to provide a holistic range of financial services and banking facilities with a focus on the agricultural sector.We dedicate our priority to the needs of our customers by providing attractive products and services such as savings activities, banking services, takaful, financing and advisory services.

Agrobank is a continuity of the former Bank Pertanian Malaysia which has 40 years of experience in agricultural banking and an excellent track record in shaping and developing successful entrepreneurs. With a wide network of branches throughout Malaysia, we are confident of providing the best services to all.

Agrobank is a Government-owned Bank under the Minister of Finance Incorporated (MFI). The bank’s financing of the agricultural sector is driven by a policy set forth by the Ministry of Agriculture and Agro-Based Industry (MOA). Agrobank today operates through 190 branches throughout Malaysia, and employs over 3,400 employees.

At Agrobank, our mission is to provide a holistic range of financial services and banking facilities with a focus on the agricultural sector.We dedicate our priority to the needs of our customers by providing attractive products and services such as savings activities, banking services, takaful, financing and advisory services.

Agrobank is a continuity of the former Bank Pertanian Malaysia which has 40 years of experience in agricultural banking and an excellent track record in shaping and developing successful entrepreneurs. With a wide network of branches throughout Malaysia, we are confident of providing the best services to all.

Agrobank is a Government-owned Bank under the Minister of Finance Incorporated (MFI). The bank’s financing of the agricultural sector is driven by a policy set forth by the Ministry of Agriculture and Agro-Based Industry (MOA). Agrobank today operates through 190 branches throughout Malaysia, and employs over 3,400 employees.