Underwriting Insurance Officer Job at Zanzibar Insurance Corporation (ZIC)

Zanzibar Insurance Corporation is looking for a qualified candidate to fill the following vacancies:

Job Title: Underwriting Insurance Officer

Report to: Director of General Insurance

Job Purpose:
The Underwriting Officer serves under the Branch Manager. He/She is responsible for underwriting business, renewals, endorsements, processing of claims as well as routine correspondence..

Duties and Responsibilities

• Undertakes the underwriting of new policies,
• Apportions risks under various reinsurance treaties and/or facultative reinsurance
• Receives facultative reinsurance offers from outside companies, maintains reinsurance files and relevant correspondence.
• Advises the Accounts Department on Credit and Debit Notes to be raised in favor of or against Insurance Agents.
• Insurers or Reinsures in respect of premiums, claims etc.
• Prepares relevant data for actuarial valuation.
• Prepares endorsements and renewal documents.
• Checks premium rates applicable to endorsements and renewals and ensures that they are correctly applied’ :
• Drafts all endorsements and renewals as need arises.
• Advises on trends in the various aspects of business operations within his section and suggests corrective measures.
• Signs documents within approved financial powers delegated to him.
• Deals with all matters connected with advances or commission to agents,
• Accept business within prescribed financial powers.
• Process claims for settlements e.t.c
• Carry out risks and loss surveys as necessary

Essential Qualifications Knowledge and Experience

• Holder of Advance Diploma or Bachelor Degree in Insurance or any recognized equivalent qualification, with three (3) years of experiences, Computer literacy is an added advantage

REMUNERATION: Remuneration will be according to ZIC salary scale and other terms and conditions of ZIC.

Job application procedure
Application letters accompanied by a typed detailed CV, certified copies of Academic Certificates, Three Names of Referees, Current Postal Address, Phone Number, Email Address and Two (2) Passport Size Photograph. Should be addressed to:

IMPORTANT NOTE:

• Testimonials provision results statements of results are not Accepted
• Employed applicants are required to channel their application letter through their employers
• Age 25-45 years
• This is a renewable contract based employment

MANAGING DIRECTOR 
ZANZIBAR INSURANCE CORPORATION
P.O. BOX 432
ZANZIBAR 

Deadline: 04/04/2019