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Underwriting Insurance Officer Job at Zanzibar Insurance Corporation (ZIC)

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
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