Head: Vaps - Midrand, South Africa - Deka Minas (Pty) Ltd

Deka Minas (Pty) Ltd

Verified Company

Midrand, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Grow the VAPS business through designing, implementing and managing strategic initiatives to unlock new markets, build and improve on the existing
value proposition to unlock profitable growth on value added product lines. In addition, enhance customer interaction and staff satisfaction in order to achieve company targets and objectives.

Responsibilities

Functional Strategy Formation
Execution of core strategic focus areas. Lead the development and implementation of strategy for VAPS.

Remain current on competitor activity and market landscape and anticipate mega-trends and complex challenges and opportunities, and ensuring integration with wider corporate strategy.

Identify potential commercially viable distribution channels and build business models in support of Group strategy and objectives. Accountable for delivery of projected growth opportunity of existing and new businesses efficiently within or below agreed OPEX.

Leadership and Direction

Set and communicate the strategy for achieving the VAPS mission, vision and values within a function, together with the broad actions needed to implement it; inspire a large or diverse workforce to commit to these and to doing extraordinary things to achieve VAPS business goals.

Responsible for all aspects of staff resourcing, succession planning, management and development. Operational oversight and management of the VAPS business.

Improvement / Innovation
Enhancing the pace and effectiveness of execution, unlocking accelerated growth and lifting competitiveness in the market.

Initiate, formulate and implement new business practices and research and develop new technologies and product lines within VAPS, while managing the development and delivery of a significant element of the organisation's change management program.

Leverage all available information from our partners, the industry and internal stakeholders to ensure we are constantly reviewing our products, underwriting criteria, departmental processes, systems and protocols with a view to ensure profitability, improve efficiencies and to ensure best practice.

Business Planning
Develop and gain agreement to annual business plans for VAPS, ensuring alignment with strategy; quantify business outcomes (i.e. revenues or other key performance indicators); detail expense and headcount budgets; and develop business cases for key projects, ensuring cross-functional integration.

Stakeholder Engagement

Identify and manage stakeholders up to C-suite level, finding out their needs/ issues/concerns and reacting to these by leading and coordinating the development of stakeholder engagement plans to support the communication of business information and decisions.

Active collaboration with the Commercial Lines, VAPS and Distribution executive team on creating, building and refining growth agendas for the business.

Performance Management

Manage and report on business performance; hold direct reports accountable for achievement of business plans, and take corrective action where necessary to ensure the achievement of business objectives, balancing the need to deliver short term business objectives with the longer term delivery of stakeholder value.

Organisational Capability Building
Identify the capabilities needed to meet the current and emerging business needs of a significant business area. Evaluate current capabilities, identify gaps, and prioritise development activities. Motivate others to develop their capabilities and fulfill their personal potential. Build capabilities elsewhere in the organisation through mentoring and other informal methods.

Personal Capability Building

Compliance
Take responsibility for developing and implementing compliance policies for VAPS. Ensure that the correct employee on-boarding process is adhered to.

Promoting Customer Focus

Develop internal marketing plans and work collaboratively with other departments to improve internal relationships in a large organisation and to build strong external customer relationships.

Budgeting & Costing
Take responsibility for setting and managing the provisional budgets to meet business and profit targets.

General Education

Relevant degree (Essential);

Relevant Post Graduate

Master's Degree (Advantageous);
Professional qualification; FASSA or CERA (Advantageous)

General Experience
years substantial general work experience together with comprehensive job related experience in own area of expertise to fully competent level (Essential);

Experience in the short term insurance industry (Essential);
Experience in value added product (Advantageous)
Experience in Risk management or Actuarial practices (Advantageous)

Managerial Experience

6 + years of experience of planning, managing and organising resources within short / medium timescales within the overall policy framework (Essential)
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