General Manager – Afritec

Job Description

Job Type: Full-Time

Company Description: Afritec Life is a startup life insurance company in Botswana, leveraging innovative technology to provide reliable, affordable, and customer-focused solutions. Our mission is to create secure and flexible Insurance products for individuals, corporate and private groups across the country. We are looking for an experienced and dynamic General Manager to join our team and spearhead our growth strategies and operational excellence.

Job Description:

The General Manager will be responsible for overseeing the day-to-day operations of Afritec Life Insurance, integrating technology to enhance service delivery, and leading strategic initiatives to drive growth and profitability. The successful candidate will have a solid background in both life insurance and insurtech, with a proven track record of innovative leadership in a rapidly changing environment.

Key Responsibilities:

1. Develop, implement and oversee strategic plans that meet business goals for customer service and needs, grow revenue, enhance operations, develop human resources, and ensure compliance.
2. Lead new product development with suitable distribution plans, using and improving the existing organic growth and employing suitable external technical and market developments advantageously.
3. Ensure regulatory compliance, negotiate and implement necessary Reinsurance treaties, oversee, maintain, develop and enforce product terms and conditions.
4. Assess and integrate advanced technological solutions into the business model to improve service delivery, increase operational efficiency, and facilitate business scalability.
5. Ensure company policies and legal guidelines are communicated from top down and complied with.
6. Build new and maintain existing relationships with clients, brokers, agents and all stakeholders, and represent the company in negotiations and contracts with all individuals, formal and informal bodies requiring insurance to manage their insurable risks.
7. Create a work environment to attract, retain, and develop a high-performing team.
8. Ensure the company’s continued financial performance and growth by analysing financial data, making informed decisions, and providing reports to stakeholders.

Qualifications:

1. Bachelor’s Degree In Business Administration or Risk management. Finance or a related field Is preferred.
2. A professional Insurance qualification is highly recommended.
3. Minimum of 10 years of executive leadership experience in the life insurance sector, with a strong background in marketing and employing technical solutions.
4. Have sound knowledge of life insurance underwriting principles, claims and the necessary insight in actuarial reserves to ensure compliance.
5. Strong understanding of corporate finance and performance management principles.
6. Sufficient knowledge of insurance and financial business systems to oversee maintenance and development in order to deliver accurate results. In-depth knowledge of corporate governance, Insurance code of conduct, and general management best practices.
7. Strong verbal and written communication skills.