Jubilee Insurance was established in August 1937, as the first locally incorporated Insurance Company based in Mombasa in 1937. Jubilee Insurance has spread its sphere of influence throughout the region to become the largest Composite insurer in East Africa, handling Life, Pensions, general and Medical insurance.

Job Ref. No: JLIL 261

Role Purpose

The role holder plays a key role in development and implementation of strategic initiatives and providing analytical insights to support decision-making within the company. The role holder also focuses on analyzing market trends, evaluating competitive landscapes, and identifying growth opportunities as well as collaborating with cross-functional teams to develop and implement strategic plans aligned with the company’s goals and objectives.

Main Responsibilities

Strategy

• Develop and execute a comprehensive strategic plan that aligns with the company’s vision and goals, considering market trends, competitive landscape, and emerging opportunities.
• Conduct market research and analysis to identify customer needs, market trends, and competitive landscape, and use the insights to shape the strategy direction.
• Formulate strategic plans and initiatives to capitalize on market opportunities, enhance product offerings, and optimize operational efficiency.
• Collaborate with cross-functional teams to translate strategic priorities into actionable plans and initiatives.
• Monitor and evaluate the progress of strategic initiatives, adjust strategies as needed, and ensure alignment with organizational goals.

Operational

• Oversee the execution of strategic initiatives and projects, ensuring adherence to timelines, budgets, and quality standards.
• Provide guidance and support to operational teams involved in implementing strategic plans and initiatives.
• Monitor key performance indicators (KPIs) and performance metrics to track the effectiveness of strategic initiatives.
• Identify operational challenges or bottlenecks hindering the execution of strategic plans and recommend solutions.
• Foster a culture of innovation, continuous improvement, and accountability within the organization.
• Board papers preparation.

Corporate Governance

• Regulatory Compliance: Ensure adherence to insurance regulations, industry standards, and internal policies.
• Risk Management: Implement risk management practices and frameworks to assess and mitigate against emerging business risks.

Leadership & Culture

• Fostering a corporate culture that promotes ethical practices and good corporate citizenship while maintaining a conducive work environment.
• Collaborate with cross-functional teams to develop initiatives that promote a positive and inclusive company culture.
• Individualized Development Planning: Create personalized development plans that align with career aspirations and the organization’s objectives.
• To provide the much-needed transformational leadership to meet and surpass the expectations of stakeholders.

Requirements

Key Competencies

• Strategic Thinking-Ability to think critically, analyze complex situations, and develop strategic insights and recommendations.
• Analytical Skills-Strong quantitative and qualitative analytical skills to gather and interpret data, conduct financial analysis, and generate actionable insights.
• Business Acumen-Sound understanding of the insurance industry, including market dynamics, regulatory environment, and key drivers of profitability.
• Problem Solving-Ability to identify challenges, develop innovative solutions, and overcome obstacles to achieve strategic objectives.
• Communication and Presentation-Excellent verbal and written communication skills to effectively convey complex ideas and analysis to both technical and non-technical stakeholders.
• Collaboration and Influence-Ability to collaborate with cross-functional teams, build relationships, and influence decision-making processes.
• Project Management-Strong organizational and project management skills to prioritize tasks, manage multiple initiatives, and deliver results within established timelines.
• Technology and Data Analysis-Proficiency in data analysis tools, database management, and business intelligence software. Familiarity with statistical analysis and modeling techniques.

Academic Background & Relevant Qualifications

• Bachelor’s degree in business administration, Finance, Economics, or a related field.
• A master’s degree is a plus.
• Professional certifications in strategy, business analysis, or related areas are advantageous.
• Minimum of 5 years of experience in strategic planning, business development, or management consulting,
• preferably within the insurance or financial services industry.
• Proven track record of developing and executing successful strategic initiatives and driving organizational growth.
• Experience in leading cross-functional teams and managing complex projects from inception to completion.