Managing Director - VKB Brokers at VKB Group

Job Description

• Forming part of the Financial Services Division of the VKB Group, VKB Brokers requires the services of a dynamic Managing Director.
• The ideal team player will have diversified knowledge, skills and experience within the insurance industry, with strong leadership qualities to strategically and innovatively lead the different VKB Brokers’ offices to success.

Requirements

• Relevant tertiary/postgraduate qualification(s) in Insurance/ Business Management with a preference for higher degrees in management disciplines or professional qualifications
• At least 10 years of senior-level experience in the following areas, preferably within the insurance or related industry
• Demonstrable success in senior-level general or commercial management
• A deep understanding of the insurance industry, including market changes and regulatory requirements, is essential.
• Experience in developing strategic and business plans
• Regulatory approval is required for the appointment of senior executives within VKB Brokers. This includes demonstrating that you are fit and proper for the role
• Strong understanding of corporate finance, management best practices and corporate law is necessary

Duties and Responsibilities

• These responsibilities ensure that the Managing Director of VKB Brokers not only leads the team effectively but also steers the company towards growth and success:

Leadership and Strategy:

• Develop and implement business strategies to achieve both short-term and long-term goals1.
• Advise the board of directors on strategic issues and present reports on the company’s performance.

Operational Oversight:

• Oversee the recruitment, training, and management of brokerage staff to ensure a competent and competitive team.
• Ensure compliance with all regulatory requirements and ethical standards.

Financial Management:

• Review operational data and financial statements to track the progress of business initiatives.
• Ensure the company continues to make profits and grow investors’ wealth.

Client and Market Relations:

• Build and maintain positive relationships with clients, business partners, shareholders, and authorities.
• Develop and implement business strategies to increase the brokerage’s market share and profitability.

Compliance and Risk Management:

• Ensure the brokerage and agents adhere to all company policies and procedures, as well as state and national laws.
• Resolve any compliance issues and interpersonal conflicts within the team.

 Skills Required

• Insight and vision in the insurance industry in South Africa and abroad
• Strong focus on compliance and regulatory frameworks within the insurance industry in South Africa
• Effective conflict management skills
• Comprehensive networking, communication and negotiation skills
• Steadfast character with regard to ethical values, consistency and integrity
• Strong leadership- and change management skills
• Team player and protect and live out VKB’s unique and healthy culture at all times
• Ability to identify issues and areas for improvement through analysis
• Strong commercial acumen and business understanding
• Ability to manage both internal and customer relationships
• Advanced negotiation, influencing and stakeholder management abilities