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 [email protected]
Deadline: 7th February, 2025
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