Underwriting Officer at Exim Bank Limited

Underwriting Officer at Exim Bank Limited October 2024

Job Description
Participates in the development and
implementation of the sales and underwriting of General Insurance
covers, in line with the bancassurance objectives. Provision of an
efficient and effective insurance service. This includes ensuring that
all client’s General insurance-related matters are dealt with within the
timescales. Provision of specialist advice and support to the team
including business retention thus achieving the delivery of the Business
Budget as well as ensuring sustainable and profitable business
operations.

Roles & Responsibilities
•To ensure proper underwriting of Insurance covers for both Corporate and Retail cover are done on time.
•Timely booking and payment of all bank schemes with correct computations for both new and renewal covers.
•Prepare and share renewal notifications to respective
branch/relationship manager/customers at least 60 days before renewal
for follow-ups.
•To undergo appropriate reconciliation and make sure the correct premiums are charged to our customers.
•Follow up with the Insurers on the correct payment of commission and profit sharing.
•Report customer complaints, follow up with the Insurers, and provide feedback according to agreed TAT.
•Monitor and evaluate the effectiveness of training programs, adjusting
as necessary, to ensure learning and team member retention.

•Reviewing and negotiating the best quotation terms from Insurers and
timely share with our customers and confirm if they meet our
requirements.
•Ensures 100% compliance with TIRA quality standards organization policies and procedures.
•Arrange and participate in customer visitation and engagement with the aim of acquisition and retention of the businesses.
•Participating in the closure of all audit and risk queries while
ensuring the proper controls are in place to avoid any misconduct.
•Create and build a professional relationship with other Insurance stakeholders.
•Preparation and submission of all required Insurance business reports
to the respective supervisor or units as per the bank’s requirements.
•Establish the standard of Bancassurance service and promote compliance with service standards and expectations.
•Contribute to the achievement of budgeted growth objectives and
profitability by analyzing data and developing and executing plans to
mitigate negative impacts.
•Implement systems and procedures to reflect operational improvements, and to meet financial and performance goals.
•Participate in product designing and process improvement to have preferred products in the market.
•To organize training sessions and forums across branches and to our customers to instill awareness of the Insurance products.
Read Also:

• NEW TANZANIAN JOBS, INTERNSHIPS AND VOLUNTEERING OPPORTUNITIES 2024 (1,475 POSTS)

• CHECK SCHOLARSHIPS OPPORTUNITIES TO STUDY ABROAD CLICK HERE!
• Download Your National ID (NIDA) Number  Here | Download NAMBA NA KITAMBULISHO CHAKO CHA NIDA. BONYEZA HAPA! 
• PAST PAPERS ZA DARASA LA 7 MPAKA FORM SIX | NECTA AND MOCK EXAMS 1988 – 2019. CLICK HERE! 
• Free
  CV Writing and Download, Cover/Job Application Letters, Interview
  Questions and It’s Best Answers plus Examples. Click Here!

SKILLS AND EDUCATION BACKGROUND
•At least 2 years’ work experience in the Insurance Industry with a key focus on Operations, Underwriting, and Claims.
•Excellent knowledge of insurance products and processes, regulatory
requirements as well as the ability to drive business performance and
revenues.
•Good interpersonal and management skills.
•Good understanding of customer segmentation and needs as well as an in-depth knowledge of distribution channel strategies.
•Demonstrated capacity to lead, coach, and supervise team members effectively.
•Visible excellent communication (written and verbal) and negotiation skills.
•Demonstrated integrity and ethical standards.

MODE OF APPLICATION:
Kindly use the provided link to submit your application. Go to our Homepage To Get Relevant Information.
This is Full-time Job, To submit your application, please follow the link provided below.
NB: Only shortlisted candidates will be contacted