Insurance Specialist Operations at NMB Bank – 2 Positions
Job Overview
Insurance Specialist Operations at NMB Bank – 2 Positions
Insurance Specialist Operations at NMB Bank – 2 Positions
NMB Bank
Dar es Salaam
Job Location :
Head Office, Hq
Job Purpose:
This role involves assessing of risks, underwriting, handling policy issuance, modifications and cancellation ensuring accuracy and compliance with company policies and regulatory requirements.
Main Responsibilities:
Evaluate and assess insurance applications for high-risk or unique cases that may not fit standard underwriting criteria.
Apply specialized knowledge to underwrite complex or non-standard policies, including those for high-value assets, unique industries, or unusual risks.
Analyze extensive data and information to make informed decisions regarding risk acceptance, pricing, and policy terms.
Review insurance policies to ensure they align with company guidelines and industry regulations, making necessary adjustments for special cases.
Provide guidance and advice to clients regarding special risk insurance solutions and risk management strategies.
Pricing and quoting determining appropriate premium rates and providing quotes for standard and non-standard insurance policies.
Develop risk mitigation strategies and recommendations to minimize the potential losses associated with high-risk policies.
Ensure that underwriting practices comply with industry regulations and company policies.
Stay informed about industry trends, emerging risks, and changes in regulations that may affect special risk underwriting.
Manage a portfolio of high-risk policies and monitoring their performance, making adjustments as needed.
Make underwriting decisions that balance risk and profitability, while providing specialized coverage for unique client needs.
Address complex issues and challenges related to special risk underwriting.
Be proactive to identify issues and resolve them timely.
Assist the bancassurance department when needed
Knowledge and Skills:
A comprehensive knowledge on general insurance and life products
A comprehensive knowledge on insurance claims
Greater understanding of product life cycle
Good interpersonal and networking skills
Qualifications and Experience:
Bachelor’s degree in insurance business, or risk management
Any certification course or training in risk management and insurance business is an added advantage.
A minimum of 3 years of working experience in insurance business with a reputable company specifically in underwriting, claims and sales of insurance products.
NMB Bank Plc is an Equal Opportunity Employer. We are committed to creating a diverse environment and achieving a gender balanced workforce.
Female candidates and people living with disabilities are strongly encouraged to apply for this position.
NMB Bank Plc does not charge any fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.
Only shortlisted candidates will be contacted.
Job opening date : 13-Mar-2024
Job closing date : 27-Mar-2024
