Job Purpose

Huldah’s Insurance Brokers Limited is seeking a qualified and experienced Principal Officer to provide strategic leadership and overall management of the company.

Key Responsibilities

The Principal Officer will be responsible for, among other duties:

• Providing strategic direction and leadership to achieve the company’s vision, mission, and business objectives.
• Managing the day-to-day operations of the brokerage to ensure efficient and effective service delivery.
• Ensuring compliance with the Insurance Act, Reserve Bank of Malawi directives, and all other applicable legal and regulatory requirements.
• Leading and coordinating the licensing, regulatory reporting, and compliance functions of the company.
• Developing and implementing strategic business plans and annual operational plans.
• Driving business development initiatives and growing the company’s client portfolio.
• Building and maintaining strong relationships with insurers, clients, regulators, and other key stakeholders.
• Developing, implementing, and monitoring operational policies, procedures, and internal control systems.
• Managing financial performance, budgets, and business risks.
• Ensuring effective human resource management, including staff supervision, performance management, and professional development.
• Preparing Board papers, management reports, statutory returns, and other regulatory reports.
• Promoting sound corporate governance, ethical conduct, and a culture of excellence throughout the organization.
• Representing the company in meetings with regulators, business partners, and industry stakeholders.

Qualifications and Experience

Applicants must possess:

• A Bachelor’s Degree in Insurance, Risk Management, Business Administration, Finance, Economics, Law, or another relevant discipline from a recognized institution.
• A Chartered Insurance qualification (ACII or an equivalent internationally recognized Chartered Insurance qualification) is mandatory.
• A minimum of five (5) years’ progressive experience in the insurance industry, with at least three (3) years in a senior management position, preferably within an insurance brokerage or insurance company.
• Thorough knowledge of Malawi’s insurance regulatory environment and corporate governance requirements.
• Demonstrated experience in business development, strategic planning, and organizational leadership.

• Providing strategic direction and leadership to achieve the company’s vision, mission, and business objectives.
• Managing the day-to-day operations of the brokerage to ensure efficient and effective service delivery.
• Ensuring compliance with the Insurance Act, Reserve Bank of Malawi directives, and all other applicable legal and regulatory requirements.
• Leading and coordinating the licensing, regulatory reporting, and compliance functions of the company.
• Developing and implementing strategic business plans and annual operational plans.
• Driving business development initiatives and growing the company’s client portfolio.
• Building and maintaining strong relationships with insurers, clients, regulators, and other key stakeholders.
• Developing, implementing, and monitoring operational policies, procedures, and internal control systems.
• Managing financial performance, budgets, and business risks.
• Ensuring effective human resource management, including staff supervision, performance management, and professional development.
• Preparing Board papers, management reports, statutory returns, and other regulatory reports.
• Promoting sound corporate governance, ethical conduct, and a culture of excellence throughout the organization.
• Representing the company in meetings with regulators, business partners, and industry stakeholders.

• Strategic leadership
• Operational management
• Regulatory compliance
• Business development
• Stakeholder relationship management
• Financial management
• Human resource management
• Corporate governance
• Ethical conduct

• Bachelor’s Degree in Insurance, Risk Management, Business Administration, Finance, Economics, Law, or another relevant discipline.
• Chartered Insurance qualification (ACII or equivalent).