Who we are
Bryte Insurance Company Limited is the premier, proactive commercial risk specialist in Southern Africa. Applying our unparalleled sector insights, proven expertise, and foresight, we partner with customers and brokers to protect their businesses and improve their risk profile across the continent. Bryte Insurance Company Limited approaches customer risk with purpose, proactively working with brokers and customers to enable better risk decisions.
Our opportunity
The role holder is responsible for the end-to-end Executive Management of the Takaful Insurance Division, setting its strategy and delivering profitable growth against the background of the organisation-wide strategy and market conditions. Providing intelligent risk management solutions for the customer whilst adhering to best practice underwriting principles. Playing a key role in the Marketing and expansion of the Takaful Operations
Key Tasks & Accountabilities
Strategic Management
- Develop a future vision for Bryte Takaful
- Implement a collaborative corporate strategy
- Develop a business unit strategy
- Develop a Short Term and Long Term strategic and financial plan
- Implement an overall team strategy
- Review the Takaful Financial Model
- Enhance and Manage the Strategic Partnership local and International
- Develop a plan for Marketing and Institutional engagement countrywide
- Review and oversee the Takaful Supervisory and Management Boards
Functional Management
- Staying abreast of international and local industry trends as well as maintaining a high level of awareness with regards to customer purchasing behaviour.
- Continuously evaluating and benchmarking existing products against market trends and customer needs.
- Responsible for the overall sales budget and targets as agreed, along with a combined ratio indicative of a profitability rate that is in line with the strategy agreed upon annually.
- Analysing claims loss ratio monthly / quarterly / annual to determine potential changes in strategic direction in order to ensure a profitable and growing business unit.
- Providing intelligent underwriting solutions and managing the departmental expense budget.
- Participation in Industry forums and networking within the relevant commercial sphere.
- Identifying new business opportunities and developing sustainable product propositions to secure new accounts.
- End-to-end relationship management of the various key partnerships, including some of the major banks.
- Staying abreast of any relevant regulatory changes that may affect the Takaful and STI and Life Insurance Industry.
- Participation in the organisational Senior Leadership Team and its associated forums.
Stakeholder Management
Stakeholders include
- CEOs of Banks
- Executives of Islamic Institutions
- Head of Divisions of major clients in the Banking sector
- EXCO and Heads of departments of internal business units
- Senior Leadership Team
Leadership Accountabilities
- Model behaviours that demonstrate commitment to Bryte’s guiding principles.
- Take action to manage own personal development and encourage others to do the same.
- Lead a high-performing Business Unit and complete performance management cycle for direct reports.
- Create a people management plan to ensure human capability is in place as part of business planning process.
- Coaching managers to create a high-performance culture
- Expand regional capability
- Implement certified Islamic Finance Training and Awareness
Education and Experience
- Appropriate FAIS qualifications for a Key Individual within Short Term Insurance
- Minimum 10 years’ experience within the Insurance industry, of which at least 5 years at management and leadership level
- Proven track record to reach and maintain Sales and Underwriting targets within a challenging environment
Capabilities
- Ability to develop marketing campaigns
- Ability to market products and services
- Effective Communication
- Strong negotiating skills
- Problem Solving of complex Claims and / or Underwriting scenarios
- High Level Influencer
- Relationships typically involve persuading or countering opposition
- Strong Financial Acumen
- Ability to navigate ambiguity
Closing date: 31 July 2025
