Job Title or Company Name
State, city
Job Title or Company Name
State, city
PricewaterhouseCooper (PwC) - Our client is a widely recognised Specialist Life Assurance Company in Nigeria, serving thousands of customers with bespoke insurance products tailored for each phase of their lives. The company is aimed at improving the quality of life of clients by providing prompt and quality insurance service delivery. They offer a range of insurance products such as annuity, investment plans, group life plans and much more.

Job Detail

Location: lagos
Experience: 10year(s)
Course of Study: not specified
Required Grade: any

Reference Number: 130-PEO00977

Location: Nigeria

Department: People & Change Nigeria

Job type: Permanent




    The MD/CEO is responsible for providing strategic leadership for the company by working with the board of directors and the executive management team to establish long-range goals, strategies, plans and policies.

    This role reports to the Chairman of the Board and the Group CEO, West Africa.


Roles & Responsibilities


    Responsible for strategic direction of the overall business, including all operational components of Finance, HR, Risk, IT, Programme Office and Compliance.

    Responsible for developing and implementing the long term 3yr+ business plan.

    Manages the profitability of the business (bottom line responsibility).

    Develops overall distribution growth strategy and sets aggressive performance targets for the different channels that result in increased sales and improved operating efficiencies.

    Creates a sustainable channel economic model that incorporates the regulatory framework and is based on delivering products that are relevant to customer needs and competitive in the market place.

    Ensures the financial viability of all segments in the Non - Life Company.

    Ensures efficient Non - Life Company operations that deliver customer satisfaction and retention.

    Ensures development of new business initiatives that deliver new sources of customers and revenue.

    Analyses risks and comes up with strategies for managing them and ensuring that assets of the Non - Life Company are adequately safeguarded and maintained.

    Ensures capable management succession as well as progressive employee training and development programs.

    Ensures that capability and synergy exists within each channel and segment to manage key external client relationships in order to enhance distribution reach.

    Responsible for fostering a culture that promotes customer focus, ethical practices, integrity, a positive work climate and high performance - enabling the business to attract, retain and motivate a diverse group of employees.

    Engages and manages all relevant stakeholders continuously, i.e. internal and external.

    Manages risk and compliance.

    Manages external relationships and influences industry bodies.


Key Result Areas:


    Governance & Compliance

    Strategy Implementation

    Functional Effectiveness

    Investment Performance Measurement

    Stakeholder Management.




    Must have a first degree and an MBA or M.Sc in any discipline

    Certifications from at least 2 Executive Business Programmes

    Must be a registered member of the Chartered Insurance Institute of Nigeria

    Membership with the Chartered Insurance Institute of the UK or any other recognised professional qualification in Insurance is an added advantage

    At least ten (10) years working experience in the insurance industry, with a minimum of seven (7) at senior management level or at least fifteen (15) years working experience, with a minimum of ten (10) at senior management level in a Technical Department of an Insurance or Reinsurance Company

    Relevant work experience in a multinational or international company

    International work experience and/or exposure is an advantage

    Experience in one of the top five (5) Composite Insurance Companies in Nigeria at a management or senior management level

    Good knowledge of the Insurance industry in Nigeria

    Experience and skills in Business Development and Marketing

    Experience in presenting at Board meetings and liaising with Directors


Skills & Competencies:


    Presentation skills; Financial Analysis; Technical Insurance (Claims, Underwriting and Re-insurance); Excellent Communication skills; Excellent business acumen; Strong leadership abilities; Goal oriented; Energetic and agile personality; Able to deal with new and difficult situations easily; High level of maturity; Mentorship skills; High level network


Additional Information:


    Shortlisted candidates will be required to satisfy the requirements of sections 12, 13 & 14 of the Nigeria Insurance Act of 2003, must not be convicted of any offence involving dishonesty or fraud or guilty of serious misconduct.

    If any of the statements in sections 12, 13 & 14 of the Nigeria Insurance Act of 2003 apply, shortlisted candidates will be required to provide relevant details.


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