Insurance Officer at Oando

Job Purpose

To assist the Assistant Manager, Insurance in handling Insurance Coverage, Programmes, Advisory, and Claims.

Job Responsibilities

• Processing of premium invoices from Insurance Brokers/Companies.
• Managing the reporting and processing of all claims made by the Company or claims made against the Company by third parties and ensuring that any payments received are passed to the appropriate entity/unit.
• With the assistance of the Company’s brokers, negotiate annually the applicable premium payable on the group’s insurance policies and ensure compliance with all applicable insurance legislation.
• Prepare reports on a need-basis to appropriate officers, management, and committees on insurance matters.
• Ensure timely payment of insurance premiums of all the Oando Entities before the expiration of subsisting insurance policies and ensure that there is no exposure as a result of unpaid premiums.
• Provision of advice on, and support the implementation of, cost optimization and improved insurance risk management strategies.
• Advisory to entities/units on insurance matters; discuss their insurance requirements taking into account any changes that have happened over the past year (including oil and gas Industry changes) or are about to happen regarding their operations and assets.
• Review, negotiate, and where required, issue opinions on any contractual provisions relating to insurance in any contracts to which any of the Oando entities is a party.

Job Requirements

• Bachelor's degree in Insurance from a reputable tertiary institution.
• Must be familiar with the company’s corporate objective regarding Risk and Insurance Administration with a very good knowledge of the Company’s insurable risks, explaining them to other departments when and as required.
• 3 - 5 years working experience in the Insurance sector.
• Minimum of 2 years working experience handling Oil & Gas Clients/ Special Risk Policies would be an added advantage.

Required Competencies

• Strong Interpersonal skills.
• Strong negotiation & communication skills
• Versatility in the use of Microsoft Office Tools including Microsoft Excel and PowerPoint
• Good understanding of insurance and risk management as a whole
• Good understanding of the Nigerian Oil & Gas Industry
• Good understanding of the insurance legal/regulatory framework

Required Personal Capabilities

• Hard working
• Ability to work with less supervision
• Good in oral/written English language
• Good report-writing capabilities
• Must be organized and adaptable to changes.