Lasaco Assurance Plc is a composite insurance and financial services company incorporated on 20th of December 1979 under the Companies Decree of 1968. The Company, then known as Lagos State Assurance Company Limited obtained License as an Insurer on 7th July 1980 and commenced business operations on 1st of August 1980.Job Description
The role is responsible for driving the Company’s underwriting strategy, overseeing Technical Unit operations, and ensuring profitable risk management.
The position collaborates with executive management to achieve the Company’s vision, manage team performance and budgets, meet departmental targets, and provide strategic input in line with industry best practices.
Key Responsibilties
Collaborate with EXCO members to drive the achievement of the Company’s vision.
Advise Management and the Board on best practices for Technical Unit operations.
Oversee overall operations of the Technical Unit to ensure annual targets are achieved cost-effectively.
Plan and drive departmental activities to meet stated objectives.
Review activity reports and financial statements to track performance and recommend improvement areas.
Attend weekly management meetings and carry out other assigned duties.
Supervise, coach, and mentor team members to enhance performance.
Manage team productivity, appraisals, and job closures.
Control operating costs in line with approved budgets.
Develop, manage, and drive the team budget.
Ensure underwriting profitability.
Role Qualifications
First degree in any discipline
A relevant Master’s Degree will be an advantage
An Insurance Professional Qualification is compulsory.
Work Experience:
Minimum of 7 years post qualification experience in the insurance sector with at least 4 years experiences in heading a technical unit.
Required Skills and Competencies:
In-depth knowledge of the Nigerian Insurance Industry and regulatory environment
Proven expertise in underwriting and reinsurance across all classes of insurance
Excellent customer relationship management and business development capabilities
Demonstrated negotiation, problem-solving, and conflict resolution skills
Ability to drive product development, innovation, and effective portfolio management
Sound understanding of commercial financial products and credit management
Excellent written and verbal communication skills
Strong leadership, coaching, team development, and stakeholder management capabilities
Effective organizational, coordination, and administrative skills
High level of initiative, accountability, and ownership mindset
Strong analytical, strategic thinking, and decision-making abilities
Excellent interpersonal and self-management skills
•Proven business acumen with experience in budgeting, planning, forecasting, and market penetration strategies
Ability to deliver accurate, data-driven business decisions aligned with corporate objectives.