Head of Pensions at Old Mutual Kenya
Old Mutual Kenya is based in Nairobi and is part of a larger group that offers solutions in long-term savings, asset management and investment. We offer solutions to individuals and corporates underpinned by our core values which are: Respect, Integrity, Accountability and Pushing beyond boundaries.
Head of Pensions
- Job TypeFull Time
- QualificationBA/BSc/HND , MBA/MSc/MA , Professional Certificate
- Experience8 - 12 years
- LocationNairobi
- Job FieldInsurance
Job Description
To lead, drive, and deliver sustainable growth in pension business by developing and executing a high-impact sales strategy, building strong distribution channels, and ensuring consistent acquisition and retention of pension clients (corporate, SME and individual).
Key Tasks & Responsibilities
Sales Strategy & Growth
- Develop and execute a comprehensive pension sales strategy aligned with overall business objectives
- Drive growth in:
- Occupational pension schemes, Individual pension plans, Umbrella schemes
- Identify new market opportunities (SMEs, informal sector, digital channels, partnerships)
Business Development
- Lead acquisition of new corporate pension clients and schemes
- Build strategic partnerships (employers, SACCOs, banks, brokers, aggregators)
- Oversee proposal development, pricing strategy, and competitive positioning
- Represent the company in key client negotiations and pitches
Team Leadership & Performance Management
- Lead, coach, and manage the pension sales team (BDOs, RM’s & intermediaries)
- Set KPIs, monitor performance, and drive accountability
- Build a high-performance, results-driven sales culture
- Identify training needs and support capability development
Distribution Channel Management
- Strengthen and expand distribution channels:
- Agency force, Brokers & intermediaries, Banks & MFI’s, Digital platforms
- Ensure productivity and profitability across all channels
Client Relationship Management
- Oversee management of key pension clients and trustees
- Ensure high client retention and satisfaction levels
- Handle escalations and complex client issues
Market Intelligence & Product Development
- Monitor pension market trends, competitor activity, and regulatory changes
- Provide input into product development and innovation
- Collaborate with actuarial, operations, and investment teams to ensure competitive offerings
Compliance & Governance
- Ensure adherence to regulatory requirements (e.g., pension authority guidelines)
- Maintain high ethical standards in sales practices
- Support audit and compliance processes
Reporting & Analytics
- Track and report on sales performance, pipeline, and conversion rates
- Use data to drive decision-making and strategy refinement
- Present insights to executive leadership
Skills, Knowledge & Competencies
- Strategic thinking and execution
- Strong sales and negotiation skills
- Leadership and people management
- Deep understanding of pension products and market dynamics
- Stakeholder management (trustees, corporates, regulators)
- Analytical and data-driven decision-making
- High integrity and professionalism.
Experience & Qualifications
- Bachelor’s degree in insurance, Finance, Business, or a related field.
- Master’s degree (MBA) is an added advantage
- Diploma in Insurance / LOMA/CII.
- 8–12+ years’ experience in financial services, with strong exposure to pensions
- Proven track record of driving revenue & business growth
- Proven track record in sales leadership
KPIs
- Growth in Assets Under Management (AUM)
- Number and value of new pension schemes onboarded
- Contribution inflows
- Client retention rate
- Sales team productivity
- Revenue and profitability of pension business
Check how your CV aligns with this job
Method of Application
Interested and qualified? Go to Old Mutual Kenya on oldmutual.wd3.myworkdayjobs.com to apply
Comments
Post a Comment