Head of Medical Business

This vacancy presents a chance to join a leading organization. JOB PURPOSE To provide overall leadership including underwriting & claims and management of the medical business to ensure that the revenue growth and targets are achieved, that the products offered are competitive and that service delivery and customer service are delivered with highest standards for profitability and business sustainability. PRINCIPAL ACCOUNTABILITIES Strategy Development & Implementation

• Participate in the development and implementation of the overall company’s strategic plan.

• Responsible for the development and implementation of departmental strategic objectives and initiatives and implementation plan within the department in line with corporate goals.

• Prepare departmental budget and ensure adherence and minimization of expenditure to manage costs.

• Understand the value drivers of the business and identify profitable commercial opportunities to grow revenue and market share.

• Responsible for growth of emerging markets and distribution channels.

• Build a sustainable, cost effective, impactful approach to customer acquisition, servicing model and retention.

• Prepare, circulate, and regularly update the departmental guidelines to be followed every year.

• Assessing the risks to the business on any new opportunities.

• Implement a cash and carry culture at the point of business acquisition and structured credit approval on corporate business to build liquid reserves

• Collect relevant information and feedback from the market to be incorporated in developing innovative products to meet the changing clients’ needs.

• Supervise the medical team with a view to ensuring achievement of strategic departmental objectives and eventually company objectives in line with the strategic plan

• Prepare medical department reports to support management decision.

Business Development

• Champion the acquisition of business in line with the Division’s growth strategy through, retention, generic growth, and acquisition of new business

• Support business development to develop strategic recommendations related to market competition, products, and pricing.

• Develop key strategic partnerships to aid in business growth and service provision.

Operations

• Review the risks accepted in the company to ensure that they are within the set underwriting guidelines and are covered under the reinsurance program.

• Provide guidance to underwriting team on various enquiries for risk acceptance

• Manage renewal process to achieve the set turnaround time for issuance of renewal notices and deliver the desired retention and directly negotiate major corporate renewal...