Managing Executive : Imas Insurance Brokers

Imasfinance; Gauteng; On-site; ZAR 1 300 000 - 1 700 000; Full time

Job summary

A leading financial services cooperative in Gauteng is seeking a Managing Executive for its Insurance Broking business. This role involves overseeing strategic direction, financial performance, and compliance within the insurance sector. The ideal candidate will have extensive experience at an executive level within insurance and a strong educational background in business management. The position is full-time and requires visionary leadership to foster a high-performance culture.

Qualifications

• Minimum of 10 years of experience in insurance, preferably in a broking environment.
• At least 5 years must be on executive management level.
• Registration as a Key Individual is recommended.

Responsibilities

• Responsible for the strategic direction and operational performance of the insurance business.
• Drive corporate governance and compliance initiatives.
• Create a high-performance culture through effective people management.

Skills

Functional / Technical Industry knowledge

Corporate governance knowledge

Regulatory compliance skills

Networking and influencing skills

Advanced business acumen

Analytical skills

Problem-solving skills

Conceptual thinking skills

Communication skills

Education

Honours Degree in Business Management or Financial Management

Master's Degree in Finance or Business Administration

Tools

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

Job description

MANAGING EXECUTIVE: iMAS INSURANCE BROKERS

In support of the iMasFinance transformation strategy, preference will be given to candidates from the designated groups.

About This Position

iMasFinance, a financial services Cooperative, is looking for a Managing Executive for its Insurance Broking business.

This position reports to the Group Chief Executive Officer ("GCEO"), and is responsible for the strategic direction and execution, as well as operational and financial performance of the iMasFinance Group's Insurance Business (life insurance and short-term insurance), by developing and executing on current and long-term business strategies.

The successful candidate will be an innovative, dynamic and energetic self-starter with seasoned experience on executive level in the insurance brokerage business and management of Insurance product providers.

Job Outputs

Strategic Direction

Strategic direction and positioning of the iMas insurance business.

Formulate and implement business strategy, human relations strategy, business plan and strategic objectives.

Review and optimize strategy regularly, assess future business needs through sustainability forecast to ensure currency and appropriateness and take corrective action where needed.

Selection and management of business associates.

Identification and participation in new ventures.

Divisional and corporate business plans and budgets compilation and management thereof, contributing towards the execution of corporate.

Regular reporting to the GCEO and Exco, as well as the iMas Insurance Brokers Board regarding performance against the strategy.

Compliance And Governance

Driving the overall corporate governance framework.

Ensure and drive adherence to corporate governance and principles including codes of conduct (e.g. King IV), legislation, statutory requirements, policies and procedure to ensure compliance at all.

Ensure ongoing maintenance of dialogue with Exco to ensure well considered and informed.

Support operations of Exco by advising and informing executives and acting as interface between Exco and management.

Ensure compliance with all relevant Acts and regulations.

Leadership

Visionary leadership, providing direction and strategic leadership to employees, ensuring execution of the company vision and strategic objectives and achievement of expected results.

Financial And Operational Performance

Responsible for the sustainable financial growth and management of the company.

Drive the creation of sustainable wealth to ensure achievement of strategic targets through sound financial and business practices.

Initiate, lead, authorize and drive initiatives aimed at optimizing operations.

Drive and control the strategic and operational budgets, goals and standards.

Compile and manage annual budgets and targets for Group approval in alignment with growth objectives.

Risk Management

Proactively identify and lead assessment of critical organizational risks and implement remedial action where necessary.

Provide early notification of significant changes to Exco.

Ensure that formal risk management processes are approved and implemented.

People Management

Create a high-performance culture.

Be an inspirational leader.

Manage Senior Management's and other management team members' performance.

Ensure implementation of equitable HR practices, including the EE plans.

Qualifications

An Honours Degree in Business Management or Financial Management is essential.

A Master's Degree in Finance, Business Administration / MBA or Direct Marketing is recommended.

Registration as a Key Individual is recommended.

CIMA, CITA, IISA, SAIA or SAICA registration will be an advantage.

A valid driving licence is essential.

Experience

Minimum of 10 years of experience in insurance (preferably in a broking environment) is essential, of which at least 5 years must be on executive management level.

Knowledge And Skills

Functional / Technical Industry and competitor knowledge, knowledge of corporate governance and relevant legislation impacting on business, corporate financial knowledge, knowledge of compliance and regulatory requirements in SA's financial services and insurance landscape, networking and influencing skills, advanced business acumen; good communication and interpersonal skills, critical relationship-building, problem-solving and decision-making skills, analytical skills and conceptual thinking skills.

Managerial / Supervisory

Cross-boundary thinking skills and the skill to drive for results; strategic thinking skills and knowledge of strategic management, knowledge of business management and people management skills, knowledge of contracting and negotiating, skills in examining and re-engineering operations and procedures, the ability to develop financial plans and manage resources, the ability to identify unique new business opportunities and improve on alternative revenue lines.

Leadership

Strategic, visionary, leadership competencies and entrepreneurial skills to ensure positive, inspirational and innovative leadership and business growth.

Computer Literacy

Advanced skills in Microsoft Excel, Word and PowerPoint.

Seniority level

Executive

Employment type

Full-time

Job function

Sales and Business Development

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