Team Member, Insurance at United Bank for Africa Plc (UBA)

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United Bank for Africa Plc (UBA) is one of Africa's leading financial institutions, with operations in 19 African countries and 3 global financial centres: London, Paris and New York. From a single country organisation founded in 1949 in Nigeria UBA has grown to become a pan-African provider of financial services with over 11 million customers, through close to 1000 business offices and touch points globally.

We are recruiting to fill the position below:

Job Title: Team Member, Insurance

Location: Lagos, Nigeria
Employment Type: Full Time

Job Objective

  • Bank-wide insurance coverage of all bank assets insurable risks at optimal cost.
  • Prompt processing of insured risks claims.

Roles & Responsibilities
Insurance Underwriting:

  • Reviewing and updating Corporate Insurance Policies to reflect best practices & reduce cost.
  • Placing on cover (through the broker) of all assets and insurable risks.
  • Ensure all vehicles under the bank's sinking fund scheme are promptly placed on 3rd party cover with the underwriters

Insurance Claim Processing:

  • Ensure all insured loss incidents are reported promptly to the underwriters through our brokers.
  • Ensure all documents required for successful insurance claims are obtained from relevant business offices and head office departments, reviewed and forwarded promptly to the lead underwriter through the insurance broker .

Insurance Administration:

  • Maintenance of insurance claims log - losses reported, claims pending full documentation, claims pending offer and discharged claims awaiting settlement by underwriters.
  • Liaise with brokers/ business offices/ head office departments to ensure loss adjusters receive the required cooperation and documents promptly.
  • Ensure outstanding offers and cheques are received promptly by ensuring broker follows up vigorously with the underwriters.
  • Monthly Reconciliation / Proofing of insurance GLs including reconciliation of sinking fund records with statements from the fund manager.
  • Processing of claims made under the Insurance sinking fund scheme (TAT is 5 days)  Maintenance of quality filling system and record keeping.
  • Any other duties as may be assigned by the Supervisor.

Job Requirements
Education Requirements :

  • First degree in any related field.
  • Possession of relevant masters degree / Professional certification will be an added advantage.

Experience:

  • None.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online