Chief Executive Officer (Health Insurance) at Ascentech Services Limited

We are seeking a visionary and dynamic Chief Executive Officer (CEO) to lead our HMO in its mission to become a pioneering force in the takaful-based health insurance industry.
The CEO will be responsible for providing strategic direction, driving business growth, ensuring operational excellence, and upholding the values and principles of our organization.

Key Responsibilities:

Strategic Leadership:

• Develop and implement a clear strategic vision and long-term plan for the HMO, aligned with the company's mission and objectives.
• Identify market opportunities, emerging trends, and potential risks to drive sustainable growth and competitive advantage.
• Foster a culture of innovation, creativity, and continuous improvement within the organization.

Business Development:

• Lead efforts to expand the HMO's market presence and customer base through effective marketing, sales, and distribution strategies.
• Establish strategic partnerships and alliances with healthcare providers, regulators, and other stakeholders to enhance the company's value proposition and service offerings.
• Explore new business lines, product diversification, and geographic expansion opportunities to capitalise on market demand and maximise revenue growth.

Financial Management:

• Oversee the financial performance of the HMO, including budgeting, forecasting, and resource allocation, to ensure profitability and sustainability.
• Implement robust financial controls, risk management practices, and compliance procedures in accordance with regulatory requirements and industry standards.
• Drive efficiency improvements and cost optimization initiatives to enhance operational effectiveness and maximise shareholder value.

Operational Excellence:

• Ensure the delivery of high-quality and cost-effective healthcare services to policyholders, while maintaining a focus on customer satisfaction and retention.
• Streamline business processes, leverage technology solutions, and enhance operational efficiency to drive productivity and scale operations efficiently.
• Foster a culture of operational excellence, teamwork, and accountability throughout the organization.

Leadership and Talent Management:

• Build and develop a high-performing leadership team capable of executing the company's strategic objectives and driving organizational success.
• Provide mentorship, guidance, and support to employees, fostering a culture of learning, professional development, and employee engagement.
• Promote diversity, equity, and inclusion within the workplace, ensuring equal opportunities for all employees and fostering a positive and inclusive organizational culture.

Qualifications:

• Proven track record of successful leadership and executive management experience in the insurance, takaful, or healthcare industry, with a deep understanding of insurance operations, regulations, and market dynamics.
• Strong strategic thinking, business acumen, and financial management skills, with the ability to develop and execute complex business strategies and drive sustainable growth.
• Excellent interpersonal, communication, and negotiation skills, with the ability to build strong relationships with internal and external stakeholders and inspire confidence and trust.
• Demonstrated ability to lead and motivate teams, foster a culture of collaboration and innovation, and drive organizational change and transformation.
• Bachelor's degree.
• Postgraduate degree.
• Minimum of 15 years work experience post NYSC.
• Minimum of 7 years’ experience in management position.
• Knowledge of Islamic finance principles and familiarity with takaful-based insurance products and services would be advantageous.