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  • Posted: Nov 2, 2022
    Deadline: Not specified
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    Coronation Insurance Plc has been in operations for over half a century, offering a comprehensive range of insurance coverage. Established in 1958, Wapic has built a strong franchise in the largest economies in Sub-Saharan Africa and operates two subsidiaries; Coronation Life Assurance Limited and Coronation Insurance (Ghana) Limited. The Company has a history of delivering efficient and transparent insurance solutions to discerning clients; a culture reflective of the strength and leadership which underpins the company’s foundation.
    Read more about this company

     

    Chief Risk Officer (Life and Non-Life)

    Job Summary

    • The job holder’s primary responsibility will be to develop and implement a risk management framework with appropriate tools for the measurement, reporting and control of Coronation Insurance’s financial and non-financial risks.

    Principal Duties & Responsibilities

    • Establish the Coronation Insurance framework in compliance with International risk management standards and principles
    • Ensure risk profile is aligned to the return/profitability aspirations of the business
    • Articulate overall Risk Management policy and strategy at enterprise level and for individual risk areas
    • Communicate Risk Management policy and strategy to operating entities
    • Establish infrastructure, systems and processes for identifying, managing, controlling and reporting risks across the business
    • Define risk acceptance criteria and risk tolerance limits for each risk area
    • Cascade company risk acceptance criteria and tolerance limits across the businesses
    • Oversee Risk Management functions across the business and ensure compliance with Group policy and direction
    • Implement and monitor divisional budget as prepared and agreed in line with business needs/goals/requirements
    • Ensure compliance with policies, standards for regulations in reporting
    • Provide visionary leadership and direction for the company and guide their activities to ensure the achievement of their current to medium term strategies
    • Develop skills of and provide career development for direct reports
    • Ensure the process of automating each risk areas key workflows
    • Promote risk management culture in the Company to maturity level
    • Establish integrated stress testing
    • Establish economic capital framework and integrate across risk areas
    • Perform other functions as assigned by the Managing Director

    Minimum Qualifications

    • Recognized professional certification such as CIIN, IRM, CFA, ACCA, ACA, etc.
    • 13-15 years relevant experience
    • Insurance industry experience will be an advantage
    • Experience in a multi-national organization in emerging market will be an advantage
    • Evidence of strong industry knowledge

    Skills / Competence Requirements:
    Required Knowledge, Skills & Abilities:

    • Knowledge and understanding of Insurance Operations (International and domestic)
    • Strategic orientation. Creativity & innovation
    • Good policy development and management capabilities
    • Financial Acumen
    • Finance & Accounting
    • Insurance Industry Knowledge
    • Financial Industry Knowledge
    • Knowledge and Understanding of Financial Regulations (Domestic & International)
    • Knowledge and Understanding of Risk Management and Financial Standards
    • Environmental / Industry Analysis

    Generic Skills:

    • Strategic Focus/ Orientation
    • Integrity and Discretion
    • Initiative/ Proactive
    • Entrepreneurship
    • Analytical skills / Problem-solving
    • Resilience, Tenacity and Integrity
    • Interpersonal skills
    • Communication (oral & written)

    Supervisory Skills:

    • General managerial / administration.
    • Leadership / Influencing.
    • Organization & coordination skills.
    • Coaching and people management.
    • Conflict management.

    Method of Application

    Interested and qualified? Go to Coronation Insurance Plc on www.linkedin.com to apply

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