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