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Posted 10 days ago

Non Executive Board Director

Port MoresbyOn-site

AI Summary

Provides independent board oversight and strategic guidance to a financial and insurance institution, ensuring sound governance, regulatory compliance, and protection of policyholder and shareholder interests.

About this role

1. Client

The client is a leading financial and insurance institution based in Port Moresby, Papua New Guinea. The organization operates with a strong focus on protecting the interests of policyholders and shareholders while maintaining strict adherence to regulatory compliance, solvency, and ethical corporate governance practices.

2. Scope

  • Position: Non-Executive Board Director

  • Location: Port Moresby, Papua New Guinea

  • Objective: Provide independent oversight, strategic guidance, and constructive challenge to executive management. Ensure the company operates in a sound, ethical, transparent, and financially sustainable manner.

  • Governance Framework: Support compliance with applicable laws, licensing conditions, legislative frameworks, and the company's constitution. Contribute directly to effective corporate governance and active participation in Board and Board Committee meetings (including audit, risk, governance, or remuneration committees).

  • Application & Regulatory Requirements: The preferred candidate must be willing to undergo background due diligence and any required regulatory assessments or approvals before appointment. Candidates must satisfy all fit-and-proper, eligibility, and independence requirements, and mandatory disclosure of any actual, potential, or perceived conflicts of interest is required.

3. Responsibilities

The successful candidate will be expected to:

  • Strategic Leadership: Provide strategic leadership and guidance on business objectives, growth strategies, and long-term sustainability. Review business plans, budgets, financial results, and major investment or operational decisions.

  • Objective Oversight: Exercise independent judgment and objective oversight of company performance and executive management.

  • Risk & Control Management: Oversee the risk management framework, internal controls, financial reporting, and capital adequacy. Promote a strong risk-management culture, ethical conduct, accountability, and transparency.

  • Operational Monitoring: Monitor insurance underwriting, claims management, reinsurance arrangements, investment activities, and emerging business risks.

  • Stakeholder Safeguarding: Safeguard the interests of policyholders, shareholders, employees, and other stakeholders.

  • Professional Conduct: Maintain confidentiality, disclose conflicts of interest, and uphold the highest standards of integrity and professionalism.

4. Qualifications

Applicants must demonstrate the following credentials and attributes:

  • Education: A recognized university degree in Finance, Accounting, Economics, Business Administration, Law, Actuarial Science, Risk Management, Insurance, or a related discipline. Relevant professional qualifications and membership in recognized professional bodies will be an advantage.

  • Experience: Significant senior-level experience in insurance, banking, financial services, corporate governance, audit, risk management, law, or executive leadership. Experience serving on a board, board committee, or senior executive leadership team is highly regarded.

  • Core Knowledge: Demonstrated understanding of board governance, strategic planning, financial oversight, and enterprise risk management. Solid knowledge of insurance operations, regulatory compliance, solvency, capital management, and policyholder protection.

  • Key Skills: Strong analytical, strategic thinking, communication, interpersonal, and decision-making skills, alongside the ability to exercise independent judgment and contribute constructively to Board deliberations.

  • Personal Attributes: Integrity, independence, sound judgment, high ethical standards, strategic vision, commercial awareness, and a collaborative approach with the confidence to challenge management constructively. Must possess the commitment to dedicate sufficient time to Board responsibilities.

Join us at Easy Skill

Easy Skill is changing the way we work. We supercharge teams around the world and transform people into a competitive advantage. With the right people power, anything is possible. We align technical project needs with the world's best talent. We've completed over 584 assignments to date and counting. We connect the right people, skills, and knowledge with the right projects to shape a better future. Joining the Easy Skill crew is signing up for the adventure of a lifetime. We help our candidates realize their career ambitions and transcend borders. We serve global leaders across a variety of industries such as mining, energy, construction, oil and gas, industrial, and defense sectors. We’re looking for our next #perfectmatch to build a brighter future. Are you ready?

Skills

Audit CommitteeCapital ManagementConflict Of Interest ManagementCorporate GovernanceFinancial OversightFinancial ReportingInsurance OperationsInternal ControlsRegulatory ComplianceRisk ManagementSolvencyStrategic Planning

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