Annuity Manager at Mutual Benefit Assurance

• The ideal candidate will demonstrate a track record of growing business, leading teams, managing strategic relationships and delivering sustainable commercial results, while maintaining strong customer, regulatory and operational standards.

KEY RESPONSIBILITIES

• Develop and execute the Company’s annuity growth strategy and drive annual premium and income targets.
• Expand market share through innovative sales initiatives and new distribution channels.
• Build and manage strategic relationships with Pension Fund Administrators (PFAs), employers, brokers, unions, retiree associations and other key partners.
• Identify new business opportunities and lead negotiations for major annuity accounts.
• Drive cross-selling opportunities from existing life insurance customers.
• Lead, coach and manage the annuity sales team, including setting KPIs and driving productivity.
• Work with Actuarial and Product Development teams to enhance product competitiveness and respond to changing market needs.
• Drive seamless annuitant onboarding, timely benefit payments and effective resolution of customer complaints.
• Ensure full compliance with applicable regulatory requirements, internal policies, AML/CFT requirements and risk management standards.
• Manage the annuity budget, monitor portfolio profitability and provide business performance reports and forecasts.
• Represent the Company at relevant industry, retirement planning and business development forums.

QUALIFICATIONS & EXPERIENCE

• Bachelor’s Degree in Insurance, Actuarial Science, Finance, Economics, Business Administration or a related discipline.
• MBA or relevant master’s degree is an added advantage.
• Professional qualifications such as ACII, FCII or any other relevant qualification.
• 10–15 years’ relevant insurance experience, with at least 5 years’ experience in annuity, life insurance, pensions or retirement solutions.
• Proven experience leading sales and/or business operations teams.
• Strong understanding of the Nigerian insurance and pension landscape.