Chief Operating Officer (COO) –… at TheHiveCareers · Suriname

Job Title: Chief Operating Officer (COO) – Insurance & Investments

Role Summary

The Chief Operating Officer (COO) – Insurance & Investments is responsible for overseeing the organization's day-to-day operations, operational strategy, and business performance across insurance and investment services. The role focuses on improving operational efficiency, driving business growth, strengthening risk management, optimizing resources, and ensuring compliance with regulatory requirements. The COO works closely with the CEO and senior leadership team to execute corporate strategy and achieve sustainable business objectives.

Key Responsibilities

- Operational Leadership: Oversee daily operations across insurance, investment, customer service, and administrative functions to ensure efficiency and service quality.

- Strategic Execution: Translate corporate strategy into operational plans, performance targets, and measurable business outcomes.

- Insurance Operations: Supervise policy administration, underwriting coordination, claims processing, renewals, distribution channels, and customer service, as applicable.

- Investment Operations: Oversee investment operations, transaction processing, portfolio administration, reporting, and operational controls, depending on the organization's business model.

- Financial Performance: Manage operational budgets, cost optimization, resource allocation, and performance metrics to support profitability.

- Risk Management & Compliance: Establish operational controls and ensure compliance with insurance regulations, investment rules, financial services laws, and internal policies.

- Process Improvement: Streamline workflows, implement technology solutions, and improve operational systems to enhance productivity and reduce costs.

- Team Leadership: Lead department heads and cross-functional teams, establish accountability, and develop management capabilities.

- Stakeholder Management: Coordinate with regulators, insurers, investment partners, financial institutions, clients, and other key stakeholders.

- Performance Monitoring: Establish and monitor KPIs, analyze operational performance, and report results, risks, and improvement initiatives to the CEO and board.

Required Qualifications

- Bachelor's degree in Business Administration, Finance, Economics, Accounting, Insurance, or a related field.

- MBA, master's degree, or relevant professional qualifications preferred.

- Typically 10–15+ years of experience in financial services, insurance, investments, or operations management, including significant executive leadership experience.

- Proven track record of managing complex operations, leading cross-functional teams, and implementing business strategies.

- Strong understanding of insurance operations, investment processes, financial controls, and regulatory compliance.

- Experience in budgeting, operational risk management, process optimization, and performance improvement.

- Excellent leadership, analytical, communication, strategic planning, and decision-making skills.

Key Performance Indicators (KPIs)

- Operational efficiency and productivity.

- Cost control and operating-margin improvement.

- Insurance policy processing and claims turnaround times.

- Investment operations accuracy and reporting efficiency.

- Customer satisfaction and service quality.

- Risk reduction and regulatory compliance.

- Technology adoption and process improvement.

- Achievement of operational and strategic business targets.