Insurance Brokerage Company Current Job Vacancies in Nigeria, June 2014

---

A rapidly growing proprietary insurance brokerage company with significant presence in the marketplace is currently seeking high calibre professionals to join its workforce:


Position:  Accounting Executive
This position reports to the Managing Director. He or she is responsible for managing all types of accounts for an insurance broker, including accounts receivable, payroll, investments, pool management and claims.
Core Responsibilities;
i.      Managing the daily accounting for all broker dealers and clients.
ii.     Prepare and maintain accounting documents and records
iii.    Perform basic financial analysis of prospective acquisitions for the broker, inducting invest­ment opportunities and arty other source of capital acquisition.
iv.    Keep spreadsheets of incoming revenue, including premiums, interest from investments and payouts from other Insurance brokers
v.     Responsible for tracking outgoing funds, inducting payouts for claims, operating expenses and other overhead, payroll, and bonuses
vi.    Prepare bank deposits, general ledger postings and statements
vii.   Implement and document controls and procedures.
viii.  Reconcile accounts in a timely manner
ix.    Provide daily, weekly and monthly workflow
x.     Prepare monthly financial statements and analysis.
xi.    Respond to requests from regulators and external auditors
Function in accordance with established standards, procedures and applicable laws
Who should apply?

• A good first degree in Finance or Accounting (minimum of second class lower) from a reputable tertiary institution
• ACA or ACCA qualification or its equivalent will be an added advantage
• Minimum of 2 years’ post qualification experience in an insurance sector;
• Familiarity with bookkeeping and basic accounting procedures
• Competency in MS Office, databases and accounting software
• Good communication and interpersonal skills
• Accuracy and attention to detail
• Candidate must be an intellectually curious self-starter with ability to work without constant supervision
• Applicants should not be more than 30 years of age.

Remuneration:
Attractive and consistent with what is applicable in the industry.

Position: Managing Director
The successful candidate will be responsible for the entire business functions and performance. He/She will be responsible for the overall making and efficiency of all departments. This position reports directly to the Board of Directors.
Core Responsibilities:
i)    Managing foe day-to-day operations of foe company
ii)   People Strategic Management and ensuring business growth and development
iii)  Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining staff, communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; devel­oping a climate for offering information and opinions; providing educational opportunities.
iv)  Establishing plans, budgets, and results measurements; allocating resources; reviewing progress; making mid-course corrections.
v)   Gaining new business by identifying and exploiting opportunities in foe local market
vi)  Developing and maintaining good working relationships with clients, primarily insurance Company and distributors.
vii) Increasing profitability of existing product lines by encouraging clients to use added value services wherever possible.
viii)Ensuring credibility with clients by maintaining detailed knowledge of current market con­ditions and competitors’ products;
ix)  Builds company image by collaborating with customers, government, community organiza­tions, and employees; enforcing ethical business practices.
x)   Provide leadership and vision to foe organization by assisting foe Board and staff with the development of long range and annual plans and with foe evaluation and reporting of progress on plans.
xi)  Direct and coordinate organization’s financial and budget activities to fund operations, max­imize investments, and increase efficiency.
xii) Review financial statements, sales and activity reports, and other performance data to measure productivity and goal achievement and to determine areas needing cost reduction and program improvement.
xiii)Any other responsibilities as may be assigned by management
Who should apply?

• A good first degree in any Management course (minimum of second class lower) from a rep­utable tertiary institution. An MBA or any other higher degree will be an added advantage
• Professional qualification(s) in insurance (e. g ACII) or equivalent
• Minimum of 5 years’ experience in foe insurance sector Managerial working experience
• Leadership, business and interpersonal proficiency
• Ability to set up and deliver on business targets, plans
• Excellent negotiator and business leader
• Self-directed, flexible and tactical
• High quality communication and presentation dexterity
• Good computer and technology skills
• Puts the interests of the company and its clients first
• Applicants should be between 35 & 40 years of age.

Position: Marketing Executive
This position reports to the Managing Director. He/She acts as intermediary between clients and insurance companies; using insurance brokers’ in-depth knowledge of risks and the insur­ance market to find and arrange suitable insurance policies.
Core Responsibilities:
i)    Selecting companies that offer the type of coverage requested by the client to underwrite policy
ii)   Selling various types of insurance policies to businesses and individuals on behalf of insur­ance companies, including automobile, fire, life, property, medical and dental insurance, or specialised policies such as marine, farm/crop and medical malpractice
iii)  Explaining features, advantages and disadvantages of various policies to promote the sate of insurance plans
iv) Customising insurance programmes to suit individual customers, often covering a variety of risks
v)  Contacting policyholders to deliver and explain policy, to analyse insurance programmes and suggest additions or changes, or to change beneficiaries
vi) Attending meetings, seminars and programs to learn about new products and services learning new skills and receiving technical assistance in developing new accounts
vii)Developing marketing strategies to compete with other individuals or companies who sell insurance
viii)Ensuring that policy requirements are fulfilled, including any necessary medical examina­tions and the completion of appropriate forms
ix)  Monitoring claims to ensure they are settled equitably for both the client and the insurer
x)   Performing administrative tasks, such as collecting premiums, maintaining records and han­dling policy renewals
xi)  Any other responsibilities as may be assigned by management
Who should apply?

• A good first degree in social sciences from a reputable tertiary institution
• Professional membership in insurance or its equivalent will be an added advantage
• 1 or 2 years’ post qualification experience in marketing insurance products
• Good knowledge of insurance products
• Good communication and interpersonal skills
• Proficient in Microsoft applications (word, excel etc)
• Candidate must be an intellectually curious self-starter with ability to work without constant supervision
• Applicants should not be more than 30 years of age.

Remuneration:
Attractive and consistent with what is applicable in the industry.

Position: Director of Marketing
Reporting to the Managing Director, the successful candidate will direct and coordinate marketing of insurance services; oversee marketing activities, manage marketing sales force and coordi­nate the implementation of the corporation’s marketing plan.
Major Responsibilities:

• Develop and review marketing department annual work and monitor its implementation
• Coordinate the bidding process
• Develop, implement and monitor a sector based marketing approach
• Develop and promote external networks for business growth
• Refining the existing Insurance products/services to meet cus­tomer need/preference to achieve desired performance
• Provide technical support to other departments in identifying training needs and sensitize staff on new and existing products & services in line with training work plan
• Plan, requisition and account for office assets/stationery in the department in line with administrative policies and procedures

Qualification, experience and attributes:

• The incumbent should hold a Bachelor’s Degree in Business related social science course from a recognized University
• Evidence of training in Marketing is an added advantage
• Sales/Marketing experience of at least 8 years in an Insurance company is a MUST
• Functional computer knowledge of Information Management packages is an added advantage
• Self-driven, innovative and able to work long hours under mini­mum supervision

Position: Head, Human Resource Management
Reporting to the Managing Director, the successful candidate will be responsible for the overall Human Resource functions of the Company, by strategically developing and implementing the Company’s human resources management scheme in accor­dance with the company’s vision, mission, corporate goals and governing policies and procedures.
Major Responsibilities:

• Proper implementation of Human Resource policies with the aim of retaining well motivating workforce
• Ensure manpower planning exercise is in line with the business goals of the company
• Management of the recruitment process including sourcing, interviewing, reference checking and delivering of induction train­ing
• Ensure the staff performance appraisals are conducted in a fair way and are submitted on time
• Design and implementation of manpower training and develop­ment programmes in order to build an effective workforce capa­ble of achieving the Company’s set objectives in a cost effective manner
• Ensure that the Company operates in compliance with national labour legislation and ensure proper health and safety at work
• Initiate budget estimates and monitor budget implementation for the Section
• Generate monthly, quarterly and annual reports to Management on human resource activities for internal use
• Coordinate employees welfare, industrial relations including grievance handling to ensure satisfaction among staff
• Manage staff disciplinary procedures in line with the Company’s policy
• Carry out any other duties that may be assigned from time to time

Qualification, experience and attributes:

• Master’s Degree in Human Resource Management or an equivalent management certification from a recognized University
• Professional qualification from a recognized Human Capital Development organizations is an added advantage
• The candidate must have at least 8 years of cognate experi­ence, 5 of which must be at senior level
• Functional computer knowledge of information Management
• Self-driven, innovative and able to work long hours under mini­mum supervision

Position: Manager, Internal Audit
Reporting to the Board Audit Committee and the Managing Director, the successful candidate will assist the Board Audit Committee and Senior Management and Internal Control in the oversight of risk management in the company in line with the annual strategic audit plan, schedule, standards and company’s policies and procedures.
Major Responsibilities:

• Develop, document, implement, test and maintain a compre­hensive internal audit plan and system of internal controls in line with applicable laws, regulations and corporation policies and procedures
• Examine financial transactions for accuracy and compliance with company’s policies and procedures and applicable laws and regulations
• Evaluate the implementation of financial and operational proce­dures in all departments to ensure adequate internal controls in line with guiding policies and procedures
• Identify, assess and evaluate the company’s risk areas, make appropriate recommendations for improved internal controls in line with guiding policies and procedures

Qualification, experience and attributes:

• The candidate should possess at least CPA or ACCA qualifications
• Membership of the Institute for Internal Auditors of Uganda or a similar body within the East African Community is a MUST
• The candidate must have experience in Audit of at least 4 years in a reputable organization preferably an Insurance company
• Functional computer knowledge of Information Management
• Self-driven, innovative and able to work long hours under mini­mum supervision

Position: Managing Director
Reporting to the Board, the successful candidate will serve as the principal strategy and business development executive of the com­pany and will have ultimate P&L responsibility. S/he will be respon­sible for developing, implementing and managing short, medium and long-term strategies that will ensure the continued growth and profitability of the company.
Specifically, the candidate will:

• Champion the formulation of the company’s strategies and ensure implementation
• Serve as a key brand icon for the company, creating a niche for it in the insurance sector and consistently reinforcing and promoting the corporate brand value and identity.
• Lead the overall business development efforts (including deal sourcing and origination) to ensure the realization of the company’s growth aspirations.
• Develop and maintain relationships with key stakeholders and lead the development of relevant strategic alliances.
• Manage the assets, liabilities and human capital of the Company.
• Drive the development of annual operating plans including busi­ness plans, operational requirements, staffing and budgets to ensure business continuity.
• Take full ownership of the company’s financial performance and provide periodic update on it to the Board.
• Lead the design of the strategic plan, business plan and other rel­evant documents.
• Periodically, generate progress reports indicating extent of achievement of targets.
• Ensure the company complies with the regulatory requirements

Qualification, experience & attributes:

• A good first degree in the field of Management Economics, Insurance, Law, Finance or related discipline, from a reputable University. An MBA or any other higher degree will be an added advantage.
• Professional qualification (s) in insurance (e.g. ACII), actuarial sci­ences or equivalent is an added value.
• Minimum of 15 years post-qualification experience including 5 years’ experience at senior management level. Experience in the insurance industry is an added advantage
• Language proficiency: ability to speak any of the local languages spoken in the region (Kiswahili, Kyaruwanda, Kirundi etc) in addi­tion to excellent spoken and written skill in English is an added advantage.
• Excellent relationship management and strategic networking skills in the context of insurance business
• Sound knowledge of regional and global trends in the insurance industry as well as an understanding of the key macroeconomic drivers is an added advantage
• Excellent communication and interpersonal skills
• Excellent leadership, negotiation, marketing, planning and organ­ization skills.

Behavioral Competencies:

• Demonstrates cooperation and tact when dealing with others
• Demonstrates efficiency in the use of time and talent in order to achieve targets
• Encourages innovation, creativity and flexibility in supervisees
• Willingly adjusts to new situations and learns new material quick­ly
• Perseveres with good spirit under pressure
• Modifies behavioural style and management approach to reach goals
• Demonstrates the ability to effectively present ideas or tasks to an individual or to a group
• Inspires and motivates supervisees
• Should be very outgoing and result-oriented

Position: Company Secretary
Reporting to the Board, the successful candidate will provide administrative support and guidance to company directors about the day-to-day management of the Company, including compli­ance with legal and statutory requirements
Major Responsibilities

• Prepare the agenda of AGM and Board meetings in consultation with the Chair and the Managing Director
• Provide legal advice to management on all legal matters Circulate agenda and supporting papers in good time to ail Directors,
• Take minutes of board meetings and annual general meetings (AGMs);
• Maintain statutory books, including registers of members, direc­tors and secretaries;
• Provide technical support to committees and working parties such as the Board of Directors etc;
• Deal with correspondence, collating information and writing reports, ensuring decisions made are communicated to the rele­vant company stakeholders;
• Provide advice on correspondence with the regulator arid other external legal partners.
• Contribute to Board meeting discussions as and when required, and advise members of the legal, governance, and tax implications of proposed policies;
• Monitor changes in relevant legislation and the regulatory envi­ronment and take appropriate action
• Liaise with external regulators and advisers, such as lawyers and auditors
• Develop and oversee the systems that ensure the company com­plies with all applicable laws
• Provide advice on contracts with suppliers/customers
• Provide supervision to the legal staff

Qualification, experience and attributes:

• A good first degree in the field of law from a reputable University. An MBA, Institute of Chartered Secretaries and Administrators qualification (ICSA) or any other higher degree will be an added advantage.
• Minimum of 7 years post-qualification experience including 5 years’ experience at senior management level. Experience in the insurance industry is an added advantage
• Language proficiency: ability to speak any of the local languages spoken in the region (Kiswahili, Kyaruwanda, Kirundi etc) in addi­tion to excellent spoken and written skill in English is an added advantage.
• Excellent computer and secretarial skills
• Excellent relationship management and strategic networking skills in the context of insurance business,
• Excellent communication and interpersonal skills,
• Excellent leadership, negotiation, marketing, planning and organ­ization skills.

Behavioral Competencies
Candidates should:

• Skilled in corporate diplomacy
• have the ability to pay attention to detail
• have interpersonal, team working and communication skills
• have the ability to inspire innovation, creativity and flexibility in supervise
• have the capacity to adjust to new situations and learn new mate­rial quickly
• Persevere with good spirit under pressure
• Have the capacity to modify behavioural style and management approach to reach goals
• be result-oriented

Position: Chief Finance Officer
The Chief Finance Officer position is responsible for the administra­tive, financial, and risk management operations of the company, including the development of a financial and operational strategy. He/She is responsible for designing the metrics teat help in tee implementation of the financial strategy, and tee ongoing develop­ment and monitoring of control systems designed to preserve the company assets and report accurate financial results.
Major responsibilities:

• Lead tee development of the Company’s revenue and expendi­ture budgets
• Monitor and direct the implementation of company’s expenditure budgets
• Monitor the company’s cash flow and ensure the company is suf­ficiently liquid to finance its operations
• Advise the company’s senior management on the optimal current/fixed asset ratio in line with the regulatory requirements
• Lead the preparation of the final accounts including Profit/Loss account and balance sheet
• Develop and implement financial control systems in order to miti­gate financial losses
• Design and implement a system least ensures financial records are well filed and easy to retrieve
• Advise the company’s senior management on profitable invest­ment opportunities that yield high returns
• Provide advice to senior management on tax requirements for all financial transactions
• Provide leadership to the finance team through setting goals, coaching and appraising the performance of individual staff
• Implement operational best practices with particular emphasis on cost-effectiveness

Networking

• Maintain strong relationships with Banks
• Represent the company with financial institutions and investors

Supervises: Chief Accountant, Treasury Manager and toe entire Finance team
Qualification, experience and attributes:

• Bachelors Degree in Accounting, Finance, Business Administration or related field with Certified Public Accountant (CPA) or ACCA plus 7 years of progressively responsible experi­ence to a major company or division of a large corporation, and at least 3 years’ experience at executive management level.
• Possession of a Masters Degree is an added advantage.
• Proven audit and training experience Proven skills in managing change, achieving results, ensuring quality, and building teams and capacity.
• Strong computer skills, especially to Microsoft Excel and account­ing packages.
• Sound knowledge of regional and global trends to the insurance industry as well as an understanding of toe key macroeconomic drivers,
• Excellent communication and interpersonal skills,
• Excellent leaders

Position: Technical Director
Reporting to the Managing Director, the successful candidate will manage the operations of the technical insurance department, view, evaluate and determine individual insurance policies, and plan, develop and modify products and services
Major Responsibilities:

• Review, evaluate and determine the individual claim files and make recommendation to the claims unit
• Review, implement, monitor and report on the compliance with processing claims, commissions, and quotations
• Plan and coordinate the process of developing products/services both on the life and non-life to the target customers
• Review the underwriting documents
• Review, implement and continually monitor the credit control mechanism and debts management
• Review, evaluate and advise management on cancelled policies
• Handle Re-insurance treaties
• Plan and coordinate the establishment of Actuarial department, review the organization of the Life unit in liaison with MD
• Conduct periodic field visits to brokers and clients and produce reports to management
• Plan, coordinate, submit for approval and continually monitor the performance of the unit’s annual budget

Qualification, experience and attributes:

• The incumbent should hold a Bachelor’s Degree in Business related social science course from a recognized University.
• Insurance professional qualification ( that is, certification at diploma level) is a MUST
• The candidate must have experience in Life Insurance for at least 8 years, 6 of which must have been on managerial cadre in an insurance industry
• Functional computer knowledge of Information Management packages is an added advantage
• Self-driven, innovative and able to work long hours under mini­mum supervision.

How To Apply;
Please send your curriculum vitae to: [email protected] on or before 24^th June, 2014. Only shortlisted candidates will be contacted.

---