Vacancy for Deputy Chief Executive Officer at I.M.E. Life Insurance Company Limited

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About us:

IME Life Insurance, established on October 01, 2008, commenced operations on August 17, 2017, offering diverse individual and group insurance solutions including Protection, Savings, and Investment. With an authorized capital of NPR 5 billion and paid-up capital of NPR 4 billion, the company demonstrates robust financial backing, with 70% contributed by promoters and 30% by the general public. IME Life aims to boost life insurance awareness, foster financial security, and contribute to Nepal's development. Their mission is centered on delivering optimal coverage, meticulous underwriting, seamless claims processing, and business-friendly solutions. Additionally, the company has secured reinsurance arrangements with Nepal Reinsurance Co Ltd and Himalayan Re, enhancing its operational resilience.

Vacancy Highlight's:

  • Company Name: I.M.E. Life Insurance Company Limited
  • Job Title: Deputy Chief Executive Officer (DCEO)
  • Required No.: 1 ( One )
  • Minimum age of 45 years at the time of application.

Responsibilities of Deputy Chief Executive Officer:

  1. Assist the CEO in managing all aspects of I.M.E. Life, including strategy formulation, policy-making, business planning, development, operations, reinsurance, product innovation, risk management, and regulatory compliance.
  2. Work closely with the CEO to execute company operations, compliance, financial strategies, and business development initiatives to achieve organizational goals and profitability.
  3. Collaborate with the CEO in decision-making processes and contribute to the development and execution of strategic plans.
  4. Identify growth opportunities and innovations within the life insurance sector in Nepal.
  5. Oversee day-to-day operations, ensuring efficiency across various departments such as sales, underwriting, claims, customer service, finance, IT, research & development, and risk & compliance.
  6. Monitor financial performance, budgeting, and forecasting to achieve financial targets.
  7. Provide leadership to senior management and staff, fostering a positive work culture and talent development.
  8. Cultivate relationships with key stakeholders including regulators, partners, clients, and industry associations.
  9. Stay updated on industry developments, particularly in technology and innovation, and implement measures to improve operational efficiency and customer experience.
  10. Ensure adherence to corporate governance standards, regulatory requirements, and ethical conduct.

Required Qualification for Deputy Chief Executive Officer:

  • Master's degree in business administration, finance, accounting, or economics.
  • At least 15 years of experience in senior management roles in the life insurance sector, with exposure to areas such as underwriting, reinsurance, claims, actuarial valuation, pricing, IT, digitization, human resources, administration, risk & compliance, and business development.

Required Skills & Knowledge for Deputy Chief Executive Officer:

  • Strong knowledge of life insurance products, operations, business development, and regulatory requirements.
  • Proven leadership skills with the ability to inspire and motivate teams.
  • Excellent communication, negotiation, and interpersonal skills.
  • Demonstrated strategic planning and problem-solving abilities.
  • Upholds high ethical standards and integrity.

Salary & Benefit for Deputy Chief Executive Officer:

  • Negotiable

Required Documents for the Application:

  • Job application
  • Updated resume
  • Academic certificates
  • Experience certificates
  • Passport-size photo

How To Apply:

Eligible candidates should send their documents to career@imelifeinsurance.com before the deadline.

  • To access the complete job details, please click on the provided link. link

Only shortlisted candidates will be contacted for further selection processes. The company reserves the right to accept/reject any application without assigning reasons.

Further Quiries:

I.M.E. Life Insurance Company Limited
Corporate Office, Hathway Complex, Lainchaur, Kathmandu
Telephone: 01-4024071
Website: https://imelifeinsurance.com/ 

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