Job Title: Procurement Officer Organisation: Yalelo (U) Limited Duty Station: Kampala,…
Insurance Operations Officer – Credit Job Opportunities – DFCU Bank
Job Title: Insurance Operations Officer – Credit (Entry Level Job Opportunities)
Organisation: DFCU Bank
Duty Station: Kampala, Uganda
Reports to: Manager – Insurance Operations
About US:
DFCU Bank is a fast growing commercial bank offering a variety of innovative products and services. DFCU Limited was started by the Commonwealth Development Corporation (CDC) of the United Kingdom and the Government of Uganda through the Uganda Development Corporation (UDC) under the name of Development Finance Company of Uganda Limited. Later restructuring brought in DEG (of Germany) and International Finance Corporation (IFC) as equal partners with CDC and UDC, each having a 25% stake in the company. Its objective was to support long-term development projects whose financing needs and risk did not appeal to the then existing financial commercial lending institutions.
Job Summary: Reporting to the Manager – Insurance Operations, the Insurance Operations Officer – Credit will implement insurance credit controls and manage premium commissions on credit insurance.
Key Duties and Responsibilities:
- Place insurance cover to avoid discrepancies.
- Check and confirm that insurance premium has been collected and remitted to the insurer accordingly to obtain undisputed income.
- Monitoring and Renewal of Expired Policies to manage risks.
- Reconciliation of Outstanding Premiums with Insurers to manage credit.
- Collection and Remittance of Premiums to ease collection of income.
- Process Refunds of Un-Utilized Premiums to manage risks.
- Processing Insurance claims to close out outstanding claims.
- Comply with the Insurance Act and Regulations, as well as dfcu Bank policies and Controls to mitigate risks.
- Prepare and submit the requisite regulatory reports to manage any audit outcomes.
- Reconcile with insurers to ensure Bank insurance commission revenue is accounted for and collected.
Qualifications, Skills and Experience:
- The ideal candidate for the DFCU Bank Insurance Operations Officer – Credit job placement must hold a Bachelor’s Degree in a Finance related field.
- COP / CIU certificate is an added advantage.
- At least three years of working experience in Insurance / Banking in related field.
- High level of integrity and ethical standards.
- Attention to detail, excellent analytical skills, and ability to demonstrate high degree of accuracy.
- Excellent interpersonal, verbal, written, communications and independent judgement skills.
- Good organisation skills.
- Excellent negotiation skills.
How to Apply:
If you believe you meet the requirements as noted above, please forward your application with a detailed CV including present position and copies of relevant professional/academic certificates (University Transcript, O and A level) to the email address indicated below:
Deadline: 10th November 2021
For more of the latest jobs, please visit https://www.theugandanjobline.com or find us on our facebook page https://www.facebook.com/UgandanJobline