Team Member, Insurance at United Bank for Africa Plc (UBA)

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United Bank for Africa Plc (UBA) is one of Africa’s leading financial institutions, with operations in 19 African countries and 3 global financial centres: London, Paris and New York. From a single country organisation founded in 1949 in Nigeria UBA has grown to become a pan-African provider of financial services with over 11 million customers, through close to 1000 business offices and touch points globally.

We are recruiting to fill the position below:

Job Title: Team Member, Insurance

Location: Lagos, Nigeria
Employment Type: Full Time

Job Objective

  • Bank-wide insurance coverage of all bank assets insurable risks at optimal cost.
  • Prompt processing of insured risks claims.

Roles & Responsibilities
Insurance Underwriting:

  • Reviewing and updating Corporate Insurance Policies to reflect best practices & reduce cost.
  • Placing on cover (through the broker) of all assets and insurable risks.
  • Ensure all vehicles under the bank’s sinking fund scheme are promptly placed on 3rd party cover with the underwriters

Insurance Claim Processing:

  • Ensure all insured loss incidents are reported promptly to the underwriters through our brokers.
  • Ensure all documents required for successful insurance claims are obtained from relevant business offices and head office departments, reviewed and forwarded promptly to the lead underwriter through the insurance broker.

Insurance Administration:

  • Maintenance of insurance claims log – losses reported, claims pending full documentation, claims pending offer and discharged claims awaiting settlement by underwriters.
  • Liaise with brokers/ business offices/ head office departments to ensure loss adjusters receive the required cooperation and documents promptly.
  • Ensure outstanding offers and cheques are received promptly by ensuring broker follows up vigorously with the underwriters.
  • Monthly Reconciliation / Proofing of insurance GLs including reconciliation of sinking fund records with statements from the fund manager.
  • Processing of claims made under the Insurance sinking fund scheme (TAT is 5 days)  Maintenance of quality filling system and record keeping.
  • Any other duties as may be assigned by the Supervisor.

Job Requirements
Education Requirements:

  • First degree in any related field.
  • Possession of relevant masters degree / Professional certification will be an added advantage.

Experience:

Application Closing Date
Not Specified.

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