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Job Description

A new financial services Group intends to operate in Malawi and has applied for licensing of a Life Insurance Company, a Pension Services Company and an Asset Management company. In anticipation of being granted a license by the Financial Services Regulator, the company is looking for dynamic, career oriented persons to join it in various capacities as listed in this advertisement. The New Company is an equal opportunity employer and the successful candidates will be welcomed into our friendly organizational culture.


She/he will ensure that the existing portfolio is retained and grows in membership and premium and attracts new business in line with the business strategy. Clients are served with delight and minimum client complaints on service delivery.


  • Perform and oversee day to day operations of the Business.
  • Ensure that services provided by the Business meet or exceed company and regulatory quality standards and service level charter.
  • Ensure that Data management systems are efficient and audited regularly, integrity is high and there are minimum complaints from clients and other stakeholders.
  • Assists in formulating the Strategic Business Plan and budget and execute the strategy successfully.
  • Preparation and regular submission of business operations reports
  • Ensure that discipline is maintained at the workplace.
  • Ensure compliance with Reinsurance Treaty Terms and Conditions and that no excess cover above Treaty limit is retained. Bordereau’s are prepared and submitted in accordance to the Treaty terms.
  • Ensure that the Free Cover Limit (FCL) determined by the Actuary/Reinsurer for the Scheme is adhered to and Medical information is requested from and treated with confidentiality.


  • Minimum Qualifications: Strong MSCE with Certificate of insurance. ACII Diploma (Chartered Insurer) in Financial Services or equivalent and Bachelor’s Degree in Economics, Business Administration, Mathematics/Statistics, Accounting/Finance or Actuarial science would be an added advantage.
  • Experience: 2 years’ experience at a supervisory Level in Pension and Life Insurance business. Demonstrable knowledge of the legislative framework that governs the business and the Industry best practices is essential.


  • Strong written and verbal communication and interpersonal skills for efficient and professionally communication with employees, peers, executive leadership Customers, vendors and Regulator.
  • Ability to work independently with minimum or no supervision.
  • Ability to meet deadlines and targets in a high pressure setting.
  • Excellent analytical skills.
  • Good Commercial and business awareness.
  • Proficiency in Microsoft Office Suite.
  • Candidate must be an energetic, tenacious, and enthusiastic team player with demonstrated adherence to high standards of ethical conduct.

Final job descriptions are subject to change depending on available mix of candidates, and thereafter are subject to change at the discretion of the board of directors. All successful candidates are subject to group reporting lines as directed by the board of directors.

A competitive package will be offered to the successful candidates.

Interested candidates who meet the above requirements should send their e-based application together with detailed curriculum vitae (CV) and names and contact details of three traceable references before 8th November, 2020 to:

Attention: Recruitment Lead


Only short-listed applicants will be acknowledged.

Skills Required

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Job Detail

  • Location
  • Company
  • Type
    Full Time
  • Positions
  • Apply Before
    09 Nov, 2020

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