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Job Title:    Risk Officer  

Organisation: Statewide Insurance Company Limited (SWICO)

Duty Station:  Kampala, Uganda

Reports to: Manager Risk

About the Company:

Statewide Insurance Company Limited (SWICO) is a Ugandan based Leading Insurance Company with branches all over the Country.

Job Summary:  Identify, assess and report on operational risks

Key Duties and Responsibilities:

• Participate in the preparation of plans and strategies for the effective assessment and management of risks
• Participate in developing appropriate tools for monitoring operational risk exposures
• Review and assess inherent risks within new processes and systems and make relevant recommendations to the Manager
• Review existing processes and system to identify risk exposures and recommend appropriate mitigation measures
• Provide technical support to the underwriting and claims and reinsurance departments in the assessment and management of risks associated with the services they render
• Undertake sensitization/training of staff on operational risk control
• Record in a database, all incidents of risk reported from operational areas and prepare periodic and ad hoc incident reports; analyzing the causes and recommending appropriate control measures
• Prepare periodic and ad hoc operational risk reports as advised by the Manager
• Monitor developments in the environment and identify potential risk exposures.

Qualifications, Skills and Experience:

• Minimum of a University Degree in Actuarial Science, Business Administration, Commerce

Additional Training/Qualifications/Certification Necessary

• Possession of relevant professional qualifications such as Certified Risk Management Professional; or a professional qualification in insurance at the level of Diploma CII or its equivalent
• Experience in risk management, audit or underwriting, in reputable organizations is an added advantage.

Key Knowledge Required

• Principles of risk management
• Good knowledge of the insurance industry
• Principles, theory and practice of insurance
• Knowledge of management information systems

Key Skills Necessary

• Hands-on skills in risk assessment and management
• Computer skills
• Good communication and listening skills
• Report writing skills
• Analytical and problem solving skills
• Interpersonal/people skills

Other Qualities/Attributes

• Teamwork
• Time management
• Innovation/creativity
• Ability to work under minimum supervision and for long hours
• High level of integrity and professionalism
• Result-oriented, with commitment to quality and thoroughness
• Confidentiality
• Accuracy and attention to detail

How to Apply:

Candidates who had already applied should not re-apply again. Interested persons can deliver applications, detailed curriculum vitae and copies of academic qualifications with two referees addressed to:

The Human Resource Manager,

Statewide Insurance Company Limited

Plot 1, Bombo Road

P.O. Box 9393 Kampala – Uganda.

All CV’s are to be sent on recruitment@swico.co.ug

Deadline: 7th February, 2025

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