Summary
Date Posted: Monday, July 31 2023, Base Salary: Not Disclosed

JOB DETAILS:
Job Purpose:
The job holder will be responsible for soliciting and procuring insurance business on behalf of the Bank.The role will encompass driving of sales of insurance product to prospective policy holders. The person must be well versed in local Insurance regulations, confident and with the drive to build the insurance division to a successful business unit.

Reports to: Insurance Principal Officer

Key Result Areas:
• Deliver against sales and profitability targets
• Drive sales campaigns and advertising as required.
• Follow up on the lodged claims and compiling of all claim support documents.
• Follow up on the upcoming renewals and expired insurance policies
• Support policy holders, claimants or beneficiaries in complying with the requirements for settlement of claims by the insurer.
• Obtain requisite documents at the time of filling the proposal form with the insurer and any other document that may be required by the insurer to complete the proposal and promptly inform the prospective policy holder about acceptance or rejection of the proposal by the insurer, as the case may be.
• Adherence to all regulatory requirements by the local regulator.
• Compliance to the Bank’s set policy and procedures.

Risk Management and Compliance:
• Ensure compliance with policies and procedures, BOU regulations, budget parameters, and procedures and the risk management framework operational within the Bank.
• Ensure non-disclosure of any information or data of a prospective policy holder, as the case may be, which is obtained in the course of conducting bancassurance business except as may be authorized under any law.
• Ensure not to enter into contract with or have any sort of arrangement with any person other than the insurer with the intention of referring, introducing or providing the contact details of the prospective policy holders in furtherance of the distribution of the insurance product.
• Shall not demand or receive from a policy holder or beneficiary, a share of the proceeds, under an insurance contract.
• Shall conduct due diligence to demand for insurance premiums or follow up on any renewal premiums from the policy holders and premiums collected shall be remitted to the Bank account.

Minimum Qualifications and Experience
• Bachelor’s degree and working experience in insurance in the areas of underwriting, claims, finance or regulation of at least four years.
• Certificate of proficiency from the insurance institute and has a working experience in insurance matters of at least three years.
• Candidates currently approved as specified persons by the IRA will be preferred.

Personal abilities and competencies
• Report writing skills, Communication skills (written and verbal)
• Problem solving skills
• Interpersonal skills
• Conflict handling
• Technology driven
• Implementation of marketing strategy
• Sales distribution
• Collection management
• Liaising with partners and underwriters


Work Hours: 8

Experience in Months: 48

Level of Education: Bachelor Degree

Job application procedure

Opportunity Bank is an equal opportunity employer. All qualified candidates are encouraged to apply, regardless of disability, gender, marital status, religion and ethnicity.

Interested candidates should send their signed application letters together with their curriculum vitae and academic documents not later than Wednesday 3rd August 2023 to recruitment@opportunitybank.co.ug 


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