Sat. Dec 10th, 2022

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:  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
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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.
  • 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.
  • 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.
  • Any other duties as may be assigned by the Supervisor.
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Job Requirements
Education Requirements:

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

Experience:

  • None.

 

 

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

 

Note:

  • we are an equal opportunity employer and is committed to building a diverse workforce. While all applications will be acknowledged.
    • We reserves the right to select one or more candidates from this vacancy announcement
    • We may also retain applications and consider candidates applying to this post for other similar positions at the same grade level and with similar job description, experience and educational requirements
    • Qualified female candidates are strongly encouraged to apply
    • Scam Warning:
    We do not charge any application, processing, training, interviewing, testing or other fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.
    • Furthermore, please note that emblems, logos, names and addresses are easily copied and reproduced.
    • Therefore, you are advised to apply particular care when submitting personal information on the web
    • Only shortlisted candidates will be invited for interview or the next stage of the recruitment process.
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