About the Role
Mutual Benefits Assurance Plc is a leading brand in the Nigerian insurance industry, renowned for delivering excellent services and innovative financial solutions across diverse economic sectors. We are currently seeking a dynamic, results-driven Annuity Manager to spearhead our annuity business. In this strategic role, you will lead high-performing teams, expand our market share, and forge critical partnerships to deliver sustainable commercial results within a regulated and competitive landscape.
Key Responsibilities- Develop and execute the Company's annuity growth strategy to achieve annual premium and revenue targets.
- Build and manage strategic relationships with Pension Fund Administrators (PFAs), employers, brokers, and retiree associations.
- Identify high-value business opportunities, lead major account negotiations, and drive cross-selling initiatives.
- Lead, mentor, and manage the annuity sales team by setting clear KPIs and driving productivity.
- Collaborate with Actuarial and Product Development teams to enhance product competitiveness.
- Ensure seamless annuitant onboarding, timely benefit payments, and exceptional customer service delivery.
- Maintain full compliance with regulatory requirements, internal policies, AML/CFT mandates, and risk management standards.
- Manage the annuity budget, monitor portfolio profitability, and deliver accurate performance forecasts.
- Bachelor's Degree in Insurance, Actuarial Science, Finance, Economics, Business Administration, or a related discipline.
- An MBA or relevant master's degree is an added advantage.
- Professional qualifications such as ACII, FCII, or recognized industry certifications.
- 10 to 15 years of relevant insurance experience, with a minimum of 5 years specifically in annuity, life insurance, pensions, or retirement solutions.
- Demonstrated leadership experience in managing sales and business operations teams.
- Comprehensive understanding of the Nigerian insurance and pension regulatory landscape.
- Competitive salary and performance-based incentives.
- Comprehensive health insurance and wellness benefits.
- Opportunities for professional development and continuous learning.
- A dynamic, collaborative work environment within a leading African insurance conglomerate.