Position Title: Commercial Director – Pension Administration & Insurance
Gross Salary: Kes; 500,000
Career Management Centre is a Human Resources Management Consulting firm that offers comprehensive HR Services like Recruitment, Job Evaluation, Training, Payroll Outsourcing, Labor Compliance, Engagement surveys, Staffing Solutions & HRMS to businesses both at a strategic and operational level.
We firmly believe that HR is the nucleus of any organization irrespective of any size or industry
Our client, a leading regional financial services provider offering Pension and Insurance services to individuals, non-profit, public and the private sector seeks to recruit a Commercial Director – Kenya.
The Commercial Director is an Executive Level position reporting to the group CEO and the board. Our client is looking for a strategic individual with strong commercial acumen, a key player in supporting profit and growth for the business.
The successful candidate will have a strong record to lead, influence and communicate with all levels of the business, customers and stakeholders. The role is equivalent to a CEO.
The Role Profile: The Commercial Director provides leadership for all aspects of the operations in Kenya ensuring that consistent commercial performance is delivered in all areas of the business with an emphasis on long-term goals, growth, profit, and return on investment in accordance with the strategic plan and the operating and capital expenditure budgets as approved by the Board of Directors.
Key Accountabilities
- Establishing strategic plan – Develops annual strategic plans outlining the direction to ensure the organizations profitable growth and success.
- Strategy Execution – Actively participate in the implementation and execution of strategic objectives, goals and initiatives in support of the pension Fund’s strategy and overall business strategy
- Overseeing the Pension Fund’s operations – Provides leadership on the Fund’s operations entailing benefits and records management, member payments processes, tax management, and financial management and regulatory reporting and member engagements in line with the regulations and Service level agreements
- Risk Management and Compliance -Provide leadership and oversight in the Fund’s obligations and interactions with the Board of Trustees, the Sponsors, regulatory bodies, service providers and other relevant stakeholders and ensure compliance with all regulations and overseeing Contingency and Business Continuity Plans execution.
- Board relationship and reporting -Participating in the meetings of the Pension Board, its Standing Committee, the Audit Committee, the Committee of Actuaries and other related bodies;
- Financial Planning & Operations – Develop annually, for consideration by the Board, sound business plans and budgets to meet the goals and objectives.
- Business performance Reporting -Provides quarterly and annual reports addressing the accuracy of the financial statements and acing management’s discussion and analysis.
- Administrative functions – responsible for providing a range of administrative functions to ensure the smooth functioning of the Office.
- Team Leadership – Provides leadership to the teams to enable delivery of the Fund’s and the organization mandate through performance measurements and appraisals.
Qualifications:
- A Bachelor’s degree/ Master’s degree in Commerce, Actuarial Science, Commerce, Finance, Strategic Management or related discipline from a reputable institution.
- Professional qualification(s) in accounting e.g. CPA, ACCA or equivalent
- Training in Pensions/Fund Administration and other relevant certifications will be an added advantage.
Experience requirement
- Minimum of ten (10) years’ experience, five (5) of these in senior management role
- Experience in Pension Funds administration and management is mandatory with thorough knowledge of pension funds including substantive direct working experience and professional acumen in at least three of the primary pension fund management responsibilities (e.g. finance, operations, strategic planning and reporting, and legal and compliance),
- Ability to assess financial information and investment opportunities.
- Ability to use complex financial models to project future earning and profit potential and use this data to inform decisions.
- Ability to use statistical methods to obtain, interpret and present information.
- Ability to develop and implement valuation models in order to report accurate information on the value of investments.
- Demonstrable experience and knowledge in accounting, investments management, financial valuation and fund management processes
- Insurance business operations knowledge is added advantage
How to apply
Qualified candidates to apply via email jobs@careermanagementcentre.com clearly indicating the position they are applying for on the email subject as “Commercial Director ” by COB 4th June 2022.
Due to the urgency, application will be reviewed on a rolling basis.
NB: Only short-listed candidates will be contacted.
Career Management Centre is a proud equal opportunity and does not discriminate the applicants on any basis.