Jobs at ABC Bank (African Banking Corporation Limited)

Reporting to the Innovations & Partnerships Manager, the job holder will be tasked with making sound underwriting decisions like marketing, customer service and administrative support affecting brokers/insured from initial submissions
through policy issuance and renewals.

Key Responsibilities:

• Together with other Account Executives/Underwriters, participates in the new business & renewal activities that support marketing and underwriting decisions which are consistent with business unit growth and retention goals.
• Partners with Account Executives/Underwriters to establish support needs for new and renewal policies such as identifying/gathering relevant account information to quote and/or bind the policy; create exhibits.
• Participates in pre-renewal meetings to define assignments.
• Prepares underwriting/pricing exhibits including exposures, experience rating, profit and loss analysis, expense models, and updated account information.
• Manages account documentation; proposals, agreement letters, reinsurance contracts, collateral agreements, policy
• change, endorsements & cancellations.
• Ensures accurate and timely servicing and billing of accounts.
• Communicates with brokers/agencies, insured’s/customers and internal departments through researches while resolving issues and responding to inquiries.
• Quotes accounts within authority limits by reviewing exposures and experience rating, updating account information,
• rates and adjusts the price.
• Provides information for regulatory compliance.
• Provides administrative support and other related services as needed.
• Participates in projects/assignments as required.

Minimum Qualifications, Knowledge, Experience & Key Competencies

• Bachelor’s Degree in Business/Management /Economics or related field.
• At least 4 years work experience in a similar position gained within an insurance brokerage set up.
• Excellent interpersonal and communication skills.
• Confident negotiation skills.
• Decision making skills.
• Excellent time management.
• Accuracy and attention to detail.
• Strong analytical skills.
• Reliability and honesty.
• Ability to work under pressure

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Reporting to the Innovations & Partnerships Manager, the incumbent will be responsible for applying accounting principles and procedures to analyze financial information, prepare accurate and timely financial reports & statements, and ensure appropriate accounting control procedures. Additionally, he/she will be responsible for supportive services such as office administration, claims administration by ensuring efficient and seamless settlement of claims to the delight
of all stakeholders.

Key Responsibilities:

• Maintaining books of accounts while ensuring statutory and management accounts are prepared accurately and submitted on time.
• Convening a fortnightly credit committee meeting, and ensuring debtors are managed effectively. .
• Co-coordinating all tax computations and remittances for the company.
• Safeguarding the company’s assets and resources against loss, theft and ineffective use by installing and maintaining appropriate internal control systems. Report exceptions in the quarterly self-audit report.
• Steering the designing of accounting systems; manage their implementation, maintenance and modification.
• Liaising with external auditors and statutory bodies to ensure compliance as required by the Insurance and Companies Acts.
• Ensuring compliance with finance and accounting standards and regulations.
• Participating in direct preparation of budgets & forecasts, and report performance against actual.
• Efficient and effective management of the company’s business cycle in relation to timely debt collection, timely
• processing of payments for goods and services rendered.
• Reviewing cash flows and financial requirements for the organization.
• Ensuring ISO standards are implemented and maintained.
• Attend to any other duty that may be assigned from time to time.

Minimum Qualifications, Experience, Knowledge & Key Competencies

• Bachelor’s degree in business, finance, accountancy, statistics, economics or related subject.
• Certified Public Accountant or equivalent.
• Minimum 5 years in a similar position with working experience of; preparation of financial statements, use of comprehensive electronic accounting systems, use of electronic financial analysis & reporting tools.
• High level of integrity especially in regards to confidentiality.
• Strong foundation of basic insurance knowledge including an understanding of underwriting, insurance market trends, finance, statistics and economics.
• Expertise in interpreting information.
• Strong written and oral communication skills.
• Good analytical and quantitative skills.
• Good computer knowledge especially using excel.
• Good decision-making ability.
• Ability to work under deadline pressure.