Insurance Analyst

JOB SUMMARY

• Responsible for Underwriting/Claims of the General and Life Insuance portfolio for Dangote Group
• The Insurance Analyst shall ensure that we gather the best quality information (data gathering) into our database to optimize our insurance portfolio through a coordinated Risk Management program.

JOB RESPONSIBILITIES

• Placement of insurance policies and prompt premium of all covers, including Motor Insurance for all Dangote Group BUs.
• Continue to provide support for DIL on all insurance-related issues
• Maintain all existing covers. Obtain and review all necessary documentation to this effect.
• Ensure there is no gap in cover for all Dangote Group Motor insurance policies and specifically that only operational trucks/vehicles are insured.
• Ensure the implementation of an effective process to ensure that non-operational trucks/vehicles are not insured. Zero tolerance for insurance of non-operational trucks.
• Proactively manage reputational risk by improving and managing risk activities within Dangote
• Transport division, while helping to maintain a strong corporate and public image.
• Administration of insurance claims. Review and collate information required for all claim-processing documents and eliminate completely the issue of incomplete claim documentation on all policies.
• Submission of relevant reports capturing the insurance activities of various BUs for management use.
• Periodic insurance training programs on insurance policies, documentation, and claim processes, with the view to increase insurance awareness and ensure prompt claims processing and settlement within Dangote Group.
• Render necessary support to all claim adjusters/Brokers/Insurers/Risk Surveyors to improve the effectiveness of the claim recovery processes within Dangote Group.
• Follow up with brokers to ensure timely settlement of Motor claims thereby ensuring 10% reduction in claims ratio across all relevant BUs.
• Provide support to different Dangote Plants as directed for the implementation of risk survey recommendations.

EDUCATION & WORK EXPERIENCE

• BSC/ HND in Insurance related field
• Membership of the Chartered Insurance Institute Of Nigeria (CIIN) would be an added advantage.
• 2-3 year’s experience in an insurance or insurance broking firm.

FUNCTIONAL COMPETENCIES

• Possess a good understanding of the Insurance industry and practices
• Possess excellent interpersonal relationship skills
• Good stakeholder management skills
• Good analytical and problem-solving skills
• Excellent verbal and written communication skill