Openings at CIC Insurance

PURPOSE:

Responsible for conducting investment research, market & industry analytics to aid in investment decision making. He/she is also responsible for identifying and evaluating investment opportunities that exist and maintaining the financial models and projection tools.

 PRIMARY RESPONSIBILITIES:

• Conduct market research for CICAM looking at global, country, macro, industry and micro- economic trends
• Develop financial models, conduct independent business valuations and maintain and update the company’s research library;
• Attend investor analyst briefings, company, client visit and aid in compiling reports;
• Participate in presentations and discussions in the investment committee
• Provide updates on financial market activities in order to right position the company in the local and global market
• Liaising with stock market traders, stockbrokers and regulators to keep abrest with industry trends, market intelligence and compliance
• Any other duties as may be assigned by the Supervisor

PERSON SPECIFICATIONS

Academic Qualifications

• Bachelor’s degree in a related field.

Professional Qualifications

• Added advantage: Progress in CFA qualification
• Added advantage: Associate Membership of ICIFA or CISI progress qualification

Experience

• Minimum of two (2) years’ relevant experience

Technical Competencies

• Analytical skills
• Attention to detail
• Comfortable with spreadsheets applications, MS Office, MS Word & MS Power point

Behavioural Competencies

• Communication and presentation skills
• Interpersonal and team work skills
• Time management

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PURPOSE:

The incumbent shall be responsible for analyzing and assessing the risk presented to the company through proposals submitted guided by the laid down underwriting guidelines.

PRIMARY RESPONSIBILITIES:

• Evaluate risks proposed and prescribe rates and terms commensurate with level of risk before acceptance as per Underwriting guidelines;
• Customers onboarding and registration in the system;
• Ensure timely processing of renewal invitations;
• Prepare and process debits/credits endorsements for renewals and new business;
• Reconciliation of underwriting issues;
• Process and dispatch renewal notifications and endorsement on time;
• Prepare and issue Policy documents and Renewal Endorsements;
• Claims registration, Appointment of Assessors and Processing of Windscreen claim refunds;
• Process premium refunds to customers;
• Respond and attend to customer and Intermediary enquiries;
• Any other duties as may be assigned from time to time.

Academic and Professional Requirements

Education  

• Bachelor’s degree in Commerce or in a related field   

Professional Qualifications

•  Progress towards IIK or ACII

Academic, Professional and Technical Competencies Required:
Essential Knowledge/Skills and Experience Required:

• Up to (1) years’ relevant experience
• Good analytical skills
• Excellent communication and presentation skills
• Problem solving skills
• Excellent customer care skills

Desirable knowledge/skills and Experience Required:

• Excellent interpersonal skills
• Computer literate in MS Office and other office applications
• Technical competence in insurance
• Basic knowledge of regulations by AKI and IRA

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PURPOSE:

To assess and prudently underwrite Medical Business in commercially sound terms and to ensure that all underwriting and documentation duties in the section operate effectively and efficiently.

PRIMARY RESPONSIBILITIES:

• Accept or reject risk in line with the set underwriting guidelines;
• Process renewals, endorsements and follow up on Quotations;
• Reconciliation of underwriting issues;
• Respond to customer and intermediaries’ enquiries;
• Raise refunds for customers and service providers;
• To ensure proper and accurate debiting and crediting for all Retail proposals;
• Prepare and dispatch debit/ credit notes, member schedules premium and statements, utilization reports, letters to clients/ schemes;
• Process and dispatch membership cards to clients and intermediaries and
• Cancellation of policies due to non-payment of premiums.
• Review of Reconciliation of underwriting issues processed by Policy Administration Assistants;
• Preparation of weekly and monthly retail reports;
• Prepare travel letters on request to clients and intermediaries;
• Maintain accurate and clean membership records;
• Maintain an accurate record of all client correspondence in the client’s file;
• Handling customer service issues relating to membership, scope of cover, premiums and commissions
• Prepare cover confirmation letters when required by members for overseas travel purposes
• Ensure that all Retail business correspondence and data relating to membership administration are safely stored for future retrieval and reference.
• Resolution of claims issues within 5 days
• Send renewal Invite notices for all Retail policies;
• Issue decline letters
• Renewal follow ups and reminders
• Issuance of Medical examination letters
• Any other duty as may be given by the Supervisor/Underwriting Manager;

Academic and Professional Requirements

Education 

• Bachelor’s degree in a business-related field.  
• Computer literate in MS Office and other office applications 
• Progress towards CII or IIK  

Experience Required: 

• 2 years Background in Actuarial Science or Statistics will be an added advantage   

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PURPOSE:

The jobholder shall be responsible for generating revenue and sustaining intermediary relationships for Medical Business growth.

PRIMARY RESPONSIBILITIES:

• Implement the business development plan.
• Propagate and nurture excellent relations with insurance intermediaries and other distribution channels through constant contact in order to facilitate a steady inflow of business.
• Facilitate timely preparation of new business quotations as requested by intermediaries and direct clients, and closely follow up to convert them into business.
• Facilitate timely preparation and submission of tender bids.
• Ensure reliable technical support to intermediaries and sales force through effective business presentations and business meetings.
• Ensure continuous training of intermediaries on product knowledge.
• Update your sales pipeline tool with activities undertaken for close monitoring and follow through to meet your set targets through a weekly report.
• Grow your portfolio through targeted recruitment of intermediaries.
• Gather information on market intelligence and feed-back on market dynamics and customer needs to facilitate continues review and enhancement of products.
• 100% adherence to compliance on statutory and regulatory requirements through proper contracting and licensing requirements of the intermediaries and collection of premiums.

Academic and Professional Requirement

Education

• Bachelor’s degree in a business-related field. 
• Computer literate in MS Office and other office applications  
•  Additional qualification in insurance, sales and marketing will be an added advantage.

Experience Required:

• 3 years Business development or Sales operations