Bank Assurance Manager at Bank of Africa Kenya Limited

Key Responsibilities of the Bank Assurance Manager:

• Advise bank management on all areas pertaining to insurance
• Put in place all systems for the bank assurance unit
• Develop insurance products for bank customers in conjunction with Insurance companies
• Generate income from insurance business
• Ensure bank policies are adequately insured with reputable insurance companies
• Undertake training on bank assurance operations and products across the bank
• Train, supervise and monitor staff under bank assurance unit
• Keep abreast of new developments in customer preferences and advise management on relevant changes
• Receive requests for Insurance covers, renewals and process the same
• Draft quotations and place covers
• Develop accurate records on the business generated
• Follow-up on underwriting requirements from branches
• Liaise with various underwriters and confirm premium collection
• Process refunds and payment advice to insurers

Qualifications for the Bank Assurance manager:

• University Degree in Commerce, Statistics, Business Management, Actuarial Science, Marketing or equivalent from a recognized institution.
• C.O.P certificate.
• At least 5 years progressive work experience in the insurance industry and banking, including responsibility for delivery and managing of a business team.
• Conversant with various bank products and processes.
• Energetic, inquisitive, sense of urgency, decisive, strong work ethic, ability to multi-task and work well under pressure to meet critical deadlines.
• Exceptional oral & written communication skills.
• Basic knowledge in credit/lending processes and procedures.
• Excellent analytical skills and a high level of integrity.