Available Jobs - Banking / Financial / Insurance(9)
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Available Jobs Banking / Financial / Insurance
Operational / Strategic:
Direct the underwriting process to include the quoting process, risk selection and agency relations; maintaining positive relations with the Business Development Team, policy holders and regulatory personnel.
Responsible for consistency and quality assessment of underwriting risk selection, development of tools to improve bottom line results, increase market share, coordinate planning to project the impact of any proposed new or revised policy, procedure or program related to risk selection and related pricing prior to adoption.
Lead the evaluation of the performance of risk classification; identify positive and negative loss trends and making recommendations to the Chief Executive Officer.
Work with the Business Development team to develop regular reports that accurately reflect underwriting and sales representatives’ performance for the year.
Ensure a decrease in the value of the policy when risk is evaluated as substandard while applying ratings to ensure safe profitable distribution of risks using the Company’s reference materials.
Direct the development of action plans for problems that may arise in rating and compliance whiles working especially with the claims team to develop controls that ensure risks are effectively managed.
Ensure the proper evaluation of losses due to catastrophe or excessive insurance.
Consistently review the Company’s records to determine the amount of insurance in force on a single risk.
Turnaround times and where appropriate recommend to management how these can be improved and establish benchmarks and monitoring tools to future performance.
Ensure an adequate risk retention strategy on each individual life through the re-insurance mechanism.
Perform additional duties assigned by the Chief Executive Officer.
Provide effective and inspiring leadership by being actively involved in all Operations related to back and front office activities.
Provide guidance and training on underwriting at new business stage.
Provide guidance and training for claims handling and claims underwriting.
Provide guidance and training on reinsurance and reinsurance accounting Salary Package
US$2500 plus GHS4000 local allowance, accommodation & transport provided
Must display good competence in life and medical underwriting, financial and occupational underwriting.
Must have demonstrable leadership and multitasking skills, engaging and motivating people and guiding team to work with others to accomplish goals.
Proficiency in MS Office.
Must have the ability to read, interpret, and apply information from a variety of sources such as manuals, professional publications, and government regulations; including the ability to seek out such information and to be a leader in disseminating information.
Flexible, ability to identify and resolve problems quickly.
Excellent written and oral communication skills.
Excellent organizational and interpersonal skills.
Managing and improving processes
Excellent planning and brilliant executing skills
Register claim notifications into the claims administration system.
Analyse claims and check it is covered under the policy conditions
Investigate claims application by claimants
Inform clients/claimants of claims acceptance and the mode of payment.
Make recommendations in respect of settlement of claims
Process claim for payments to clients/claimants
Make sure all enquires and payments are dealt with promptly.
Ensure fair settlement and good customer service
Handle all complaints associated with a claim
Keep client/claimants files updated
Record all payments of claims made
Inform your immediate superior of reinsurance recovery where applicable.
Process reinsurance claim recovery
Make sure reinsurance claims recoveries are dealt with promptly. Mbr> The SNR. EXECUTIVE OFFICER- CLAIMS will perform other duties assigned by the Executive Head, Underwriting
US$2000 plus GHS4000 local allowance, accommodation & transport provided
Strong attention to detail
Excellent written and verbal communication
Ability to work cross functional and maintain an effective working relationship with other groups including Agents, Clients, Underwriting, Accounting and Legal.
Ability to multi-task and improvise in a fast paced working environment.
Advanced skills in Microsoft Suite especially Excel
Networking and influencing
Must have good judgement, be reliable and follow through with commitments.
Duties to include:
Review all applications received to ensure that all questions have been answered and premiums accurately calculated.
Return incomplete applications to Business Development Department.
Review and correct wrongly calculated premiums and report to BDD for clients to be contacted for premium change
View all medical cases and refer to the Executive Head, where needed.
Issue policies that meet requirements
Keep detailed and accurate records of policies underwritten and decisions made.
The SENIOR EXECUTIVE OFFICER-UNDERWRITING will perform other duties assigned by the EXECUTIVE HEAD, UNDERWRITING. Salary US$2000 plus GHS4000 local allowance, accommodation & transport provided
Must demonstrate understanding of medical conditions and impairment, avocation and reinsurance treaties
Must demonstrate understanding of financial and legal insurance aspect of risk selection and other factors pertaining to acceptability and assessment of life insurance application.
Must be able to make recommendation for acceptance or decline of life insurance application beyond approved limit.
Must be numerical literate
This position will take responsibility for all investments for the business across Equity, Property and Infrastructure, and Strategic investments, managing a team of senior investment staff.
Must have worked at a Senior / Director level.
Underwriting healthcare insurance products for groups, families and individuals
Actively promoting, marketing, and underwriting business within the underwriting mandates
Applying insurance knowledge in order to assess potential exposure and to maintain the highest standard of technical competence in the field of Healthcare Underwriting, including wordings review and pricing
Providing guidance, expertise and knowledge sharing/transfer to Underwriting and Claims team
Maintaining exceptional service delivery to customers and developing the Healthcare portfolio
Attaining premium/result targets
Monitoring the performance of the Healthcare portfolio and putting forward recommendations for rehabilitation of the portfolio, as appropriate
Providing technical input on reinsurance, claims and underwriting
Assisting in developing, establishing and implementing strategies, guidelines and procedures
Providing training to the staff in general, and assisting in product development and review
Developing the Sub-Saharan Africa initiatives, as regards Healthcare business
Must have behavioural sensitivity, maturity, diplomacy and tact in addressing complex situations
Strong ethics and a high level of personal and professional integrity
The role will involve working with clients, understanding requirements, providing solutions and presentations and an on-going financial service.
Must be an excellent communicator
Design and implement an overall risk management process for the business
Manage the process of identifying and assessing the risks affecting the business
Monitor, evaluate and challenge the organisation’s success in managing its risks
Organise appropriate risk reporting, internally and externally
Conduct periodic internal reviews or audits to ensure that compliance procedures are followed.
Conduct or direct investigations of compliance issues.
Identify compliance issues that require follow-up or investigation.
File appropriate compliance reports with regulatory agencies.
Serve as a confidential point of contact for employees to communicate with management, seek clarification on issues or dilemmas, or report irregularities.
Maintain documentation of compliance activities, such as complaints received or investigation outcomes.
Review all documentation and ensure compliance with required standards
Provide assistance to internal or external auditors in compliance reviews.
Monitor compliance systems to ensure their effectiveness.
Report violations of compliance or regulatory standards to duly authorized enforcement agencies as appropriate or required.
Negotiating and influencing skills
Excellent communications and presentation skills
The successful candidates will undergo a 2 years training program with the organisation and will provide support to the Underwriting team.
The successful candidate will perform the following duties,
Process claims in the allocated portfolio efficiently and ensures that they are finalised within the periods stipulated in the Companys Service Charter or manual.
Attends to all claims enquiries and queries promptly.
Audits all claims on a monthly basis and compiles a report.
Initiates reinsurance recoveries, facultative and excess of loss cash calls.
Sound analytical, problem solving, report writing and customer service skills.