PRINCIPAL OFFICER – MEGA AVENUES Insurance Brokers

VACANCY 

We are a dynamic and growing brokerage with a strong focus on client satisfaction and employee development.

About the Role:

The Principal Officer is a crucial leadership position responsible for the overall management and strategic direction of our insurance brokerage. This individual will lead business development, ensure regulatory compliance, and oversee all aspects of our operations. The Principal Officer will report to the Board of Directors or CEO and will be a key member of the senior management team.

Key Responsibilities

• Strategic Leadership

  • Develop and implement the company’s strategic plan, business plan, and annual work plan.

  • Provide strategic direction to the company to achieve its mandate as outlined in the Insurance Act.

  • Promote the company’s image and develop strong relationships with stakeholders and partners.

  • Oversee the formulation, implementation, and review of policies, processes, and procedures.

  • Lead business development activities, including sales and marketing strategies, to achieve revenue targets.

  • Identify and pursue new business opportunities within the insurance sector.

  • Develop and maintain strong relationships with insurance companies and other key partners.

• Compliance and Regulatory

  • Ensure consistent compliance with all statutory and regulatory requirements.

  • Oversee the implementation of relevant legislation and regulations within the company.

  • Liaise with regulatory bodies and ensure all reporting obligations are met.

• Operational Management

  • Oversee all aspects of the brokerage’s operations, including claims processing and premium collection.

  • Develop and implement procedures to ensure efficient and effective operations.

  • Manage and develop the brokerage team, including recruitment, training, and performance management.

  • Stakeholder Engagement

    • Build and maintain strong relationships with key stakeholders, including clients, insurers, and regulators.

    • Represent the company at industry events and conferences.

• Risk Management

  • Identify and assess potential risks to the business and implement appropriate mitigation strategies.

  • Ensure that the company has adequate risk management policies and procedures in place.

Qualifications and Experience

• Bachelor’s degree in a relevant field (e.g., insurance or risk management and insurance).

• Professional qualification in insurance (e.g., ACII or DIP CII or COP or Certificate of Proficiency in Insurance, Associateship).

• A minimum of 5 years of experience within the insurance industry, with at least 3 years in a leadership role.

• Proven experience in business development, regulatory compliance, and operational management.

• Thorough understanding of insurance brokerage operations and the regulatory environment.

• Proficiency in Microsoft Office Suite and related software.

Key Competencies

• Strategic thinking, leadership, business acumen, compliance management, communication and interpersonal skills, problem-solving, and decision-making.