Managing Director - Pula RE

Responsibilities

Strategic Leadership

• Lead the Pula Re senior management team to coordinate and develop strategy and Board Approved KPIs for a 3-year rolling strategic business plan and proactively manage delivery against KPIs and/or reset targets as Pula Re better understands the market and opportunities.
• Drive the successful achievement of objectives and execution of strategy and business plan and if required the ability to pivot swiftly and proactively to adapt the strategy to changing circumstances.
• Take professional and administrative responsibility for Pula Re’s operations, maintain, and develop an appropriate organization to support delivery of Pula Re’s responsibilities.
• Optimise as far as is reasonably possible the use and adequacy of resources including through review and proposal to the board on the extent of the Pula Advisors AG Services Contract.

Team Leadership

• Bring people together to develop an effective and diverse team which can achieve the mission of Pula Re
• Be the line manager, team leader and ultimate executive responsible within Pula Re’s management team
• Regularly review the organizational structure and recommend changes as appropriate.
• Maintain overall responsibility for organizational development and personnel management of all employees within Pula Re.
• Actively promote an open culture and values, ensuring that sound financial practices and the highest ethical standards are maintained at all times.

Compliance and Governance

• Assume ultimate responsibility for ensuring compliance with all the laws and regulations that will govern Pula Re’s operations
• Maintain a proactive risk culture within the company in the broadest sense.
• Provide well-founded advice on Pula Re’s overall strategy and the broader objectives of agricultural insurance to the Pula Re Board of Directors
• Ensure that Pula Re obtains, maintains and strengthens its rating levels with external ratings agencies.

Business Management

• Pula Re will be a start-up for its first few years, operating on a very lean structure. This means the MD will be responsible for a lot of hands-on work
• In the first few months before a fully-fledged team is on board, take personal ownership of key relationships such as the regulator, the rating agencies, government ministry/agencies, clients, and other reinsurance companies.
• Take a leadership role in driving and coordinating all activities necessary for the establishment of Pula Re in line with the approved Business Plan
• Take overall responsibility for and provide general oversight of all activities of Pula Re and assure a smoothly functioning, efficient organisation with ultimate responsibility for the management & reporting of the performance budget.
• Put in place effective administrative structures, processes and systems.
• Demonstrate a highly visible engagement in Pula Re’s main business objectives, such as enhancing the experience of Pula clients. This will involve establishing and running a world-class reinsurance underwriting and claims management process, with minimal turn-around times, with zero tolerance on operational and reputational risks.
• Establish a rigorous risk and compliance function that will ensure compliance with all the laws and regulations that affect Pula Re’s operations.
• Manage the risk profile/tolerance of the company in accordance with the strategic plan, including the health and safety performance of the business.
• Ensure appropriate internal controls are in place and take ultimate responsibility for audits.
• Ensure that the legal interests of Pula Re are protected and pursued.
• Ensure effective implementation of board decisions.

Background Requirements

• Knowledge, experience and understanding of the reinsurance needs of the African and Asian markets.
• Strong understanding of reinsurance operations, preferably with retrocession experience.
• Minimum 15 years of relevant, rich and diverse professional experience and knowledge in insurance and/or reinsurance.
• Master’s degree in a relevant sector such as engineering, finance, banking, economics, business, or law.
• Ability to innovate and challenge the status quo.
• Passion to make a difference in emerging and frontier markets.
• Possess commercial acumen.
• Ability to communicate and function in a culturally diverse and change oriented setting.
• Demonstrated leadership capabilities.
• Excellent written and verbal communication skills in English. Working knowledge of French would be an added advantage.