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  • Vacancies in a Proprietory Insurance Brokerage Firm

  • Posted on: 10 June, 2014 Deadline: 24 June, 2014
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    A rapidly growing proprietry insurance brokerage company with significant presence in the marketplace is currently seeking high calibre professionals to join its workforce.

    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 the day-to-day operations of the company
    ii) People Strategic Management and ensuring business growth and developmen
    iii) Increases managemenfs 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 the 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, govemment, community organizations, and employees; enforcing ethical business practices.
    x) Provide leadership and vision to the organization by assisting the Board and staff with the development of long range and annual plans and with the 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 the 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.

    go to method of application »

    Marketing Executives


    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 arranqe 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 sale of insurance plans
    iv) Customising insurance programmes to suit individual customers, often covering a variety of risks
    v) Contacting policy holders 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 leam 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.

    go to method of application »

    Accounting Executive


    This position reports to the Managing Director. He or she is responsible for managing all types of accounts for an insurance broker, induding accounts receivable, payroll, investments, pool management, and claims,

    Core Responsibilities:
    i. Managing the daily accounting for all broker dealers and dients.
    ii. Prepare and maintain accounting documents and records
    iii. Perform basic financial analysis of prospective acquisitions for the broker, induding investment opportunities and any other source of capital acquisition.
    iv. Keep spreadsheets of incoming revenue, induding premiums, interest from investments and payouts from other insurance brokers
    v. Responsible for tracking outgoing funds, including payouts for daims, 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 extemal auditors
    xii. 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, data bases 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.

    Method of Application

    Attractive and consistent with what is applicable in the industry. To Apply: Please send your curriculum vitae to within 2 weeks from the date of this advertisement. bnfy shortlisted candidates will be contacted.

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