Insurance Analyst at IHS Towers

Summary

• The Tax Analyst will assist in the reconciliation of insurance claim receipt register to the general ledger and prepare exception report in respect of claims unsettled for more than 1 week.
• Also prepare monthly report of all executed DVs.

Responsibilities

• Assist in the reconciliation of insurance claim receipt register to the general ledger and prepare exception report in respect of claims unsettled for more than 1 week. Also prepare monthly report of all executed DVs.
• Maintenance of proper and detailed Claim Register/Reports covering basic information such as description of items, ageing, estimate of loss, value of DV executed, actual loss settlement compared with estimate of loss.
• Support in proactively managing correspondences register, guidance, records and other documents with the brokers and underwriters as may as well as creating a database tracker for all vital documents.
• Assist in ensuring that all uncovered risks are promptly covered and prepare periodic report on any uncovered risk for risk mitigation.
• Assist to provide professional advice in the use of market knowledge to ensure that premium paid by IHS fits in line with competitive market pricing.
• Assist in managing and maintenance of existing policies and ensure timely renewal of expired policies
• Continuous review and liaison with insurers/broker with regards to IHS overall risk exposure and optimal coverage
• Communicating with different insurance companies and keeping track of claim payments and insurance premiums collection
• Review policies for accuracy and coverage
• Proactively support in requesting for policy changes as necessary and adequate, and necessary coverage for new locations and exposures
• Make prompt notice of any loss occurrence
• Handling of all operations related insurance, tracking claims settlement and for closure of all open issues.
• Carry out research and industry analysis of claims history, trends, accounting, reporting, coverage, payout, etc., and reviews results and recommendations for a better risk management.
• Support in providing on-going assistance to all claims management projects, continual improvement or qualityinitiatives involving the improved evaluation and processing of all claims
• Provide necessary assistance in the completion of interim and annual audits of entities within the business.
• Any other assignment as may be required by the Manager and the Senior Manager from time to time.

Competencies

• Degree or its equivalent qualification in Finance/Business Management field - ICAN/CIIN membership(Candidate with CIIN membership or progress in CIIN examinations would be an added advantage)
• Minimum of 3-4 years hands -on understanding of Insurance in the telecom industry/general insurance.
• A strong understanding of insurance legislations and guidelines
• A thorough and up to date knowledge about insurance laws and regulations
• A sound knowledge about the policies offered by different companies
• Claim administration experience.
• Excellent oral and written communication skills
• Strong MS Excel and MS Office skills
• Ability to maintain confidentiality
• Excellent Management and interpersonal skills
• Ability to maintain confidentiality
• Ability to work independently on assigned tasks
• Great Analytical mind geared towards problem solving