Managing Director at Old Mutual Plc

Role Description:
This role is individually accountable for providing overall leadership and vision in developing a sustainable long-term growth and strategic direction for the general insurance operations. The incumbent is accountable for achieving results through comprehensive business management over periods of 1-3 years

• Responsible for strategic direction of the overall General business including all operational aspects of the business.
• Responsible for developing and implementing the long term 3yr+ business plan.
• Manages the profitability of the business (bottom line responsibility).
• Manages risk and compliance.
• Manages external relationships and influences industry bodies

Key Result Area:
Governance & Compliance

• Ensures clean audit risk and compliance reportsEmbeds risk and governance framework in business

Strategy Implementation

• Devises a clear 1-3 year strategy for the business aligned to the overall Country strategy.
• Develops strategy in collaboration with Product specialists integrating the different channel contributions and aligning their respective value propositions to maximise market share.
• Develops growth strategy and sets aggressive performance targets that result in increased sales and reduced operating losses.

Functional Effectiveness

• The incumbent is accountable for achieving results through comprehensive business management.
• Develops Managers of others / managers & specialists under supervision.
• Selects potential Managers of others / managers to sustain pipeline.

Investment Performance Measurement

• Works across various disciplines and integrates the disciplines to develop new strategies and operationalises them.
• Accountable for performance of the unit
• Accountable for business wide direction and business results
• Stakeholder Management
• Manages external relationships and influences industry bodies.

Person Specification
Education

• MBA degree.
• Extensive relevant experience.

Competency Requirements

• Decision Making
• Thinking Skills
• Building Relationships
• Technical Knowledge
• Client Focus
• Aligning Performance for Success
• Business Awareness.