Managing Director/Chief Executive First Bank of Nigeria Vacancies

First Bank of Nigeria Plc, is the largest and most profitable first-tier financial institution in Nigeria with a network of over 600 locations across the country, offering a full range of banking products and services as well as non-banking financial services through its subsidiaries, including financial advisory, asset management, trust and insurance brokerage services. It has a strong history and track record of stability and corporate governance.

The Bank seeks to recruit a focused, results-oriented and suitably qualified professional to fill the position of Managing Director/Chief Executive Officer in its insurance subsidiary. The Chief Executive will run the FirstBank/Sanlam life insurance joint ventures company and will also be ultimately responsible for establishing and running a related Non- Life Insurance Joint Ventures company

Jobs Detail

Job title:Managing Director/Chief Executive

Qualification(s)

• A good first degree in any field of study from a reputable tertiary institution
• An MBA or any other higher degree will be an added advantage
• Professional qualification(s) in Insurance (e.g. ACII)

Job Experience & skills

• Minimum of 15 years post qualification experience, including 5 years experience in the insurance industry and at least 5 years experience at executive management level. Exceptional executives with relevant experience from other industries may be considered
• Excellent relationship management and strategic networking skills at the highest level in the private and public sectors
• Strong understanding of the application of risk management in the context of insurance businesses
• Sound knowledge of regional and global trends in the insurance industry as well as an understanding of the macroeconomic drivers
• Excellent communication and interpersonal skills
• Excellent leadership, negotiation, marketing, planning and organization skills

Responsibilities

• Reporting to the Board, the successful candidate will serve as the principal strategy and business development executive of the company and will have ultimate P and L responsibility. He/ She will be responsible for developing, implementing and managing short, medium and long- term strategies that will ensure the continued growth and profitability of the company
• The candidate will champion the formulation of the company corporate strategies and ensure implementation
• The candidate will serve as a key brand icon for the company, creating a niche for it in the insurance sector and consistently reinforcing and promoting the corporate brand value and identity
• Candidate will lead the overall business development efforts (including deal sourcing and origination) to ensure the realization of the company expansion and growth aspirations
• Develop and maintain relationships with key stakeholders and lead the development of relevant strategic alliances
• Drive the development of annual operating plans including business plans, operational requirements, staffing and budgets to ensure business continuity
• Take full ownership of the company financial performance and provide periodic update on it to the Board

closing date: August 24 2010

How to apply for this job

To apply, please quote ES00540 as the subject of your e-mail and send your current curriculum vitae (prepared as a word document, and saved with your full names), a statement of how you meet our selection criteria, and the names and contact details (including telephone and e-mail addresses) of three referees who are knowledgeable about your professional achievements and abilities to us at recruitment@ng.kpmg.com. All applications will be treated in confidence. Only short listed candidates will be contacted