Job Description

The Job entails managing corporate client’s portfolio. This includes onboarding process, cover confirmation, Renewal/retention, premium collection management. In addition, the role entails building strong relationship with direct clients and various distribution channels (Brokers, Bancassurance and other agencies) to ensure retentions are achieved.
The role will play key focus on scheme retention through robust engagements, relationships through prior discussion with other scheme administrators, clients , intermediaries and Business development teams.

KEY TASKS AND RESPONSIBILITIES

• Retentions – Managing renewal to ensure high retentions
• New business onboarding process in line with laid processes i.e KYC and AML guidelines.
• Preparation of costing schedules for group risk schemes based on data provided by the brokers or clients and raising the invoice in the system.
• Follow ups on premium payments in conjunction with the credit control teams.
• In liaison with Legal teams ensure timely contract executions and sign offs
• Preparing policy documents/renewal endorsements and ensuring scheme records are maintained both in various scheme files as well operating IT system.
• Preparation of monthly reports as required i.e managements, finance, actuarial and reassurance.
• Managing the last Expense client portfolios both direct, digital or through the various distribution channels.
• Carry out member education to create awareness of the benefit scope and day to day scheme management.
• Prepare letters for members whose sum assured are above FCL and ensure follow up with client/intermediaries.
• Liase with underwriting team for cover acceptance and ensure underwriting terms are shared with the scheme.
• Daily scheme management i.e query management within TAT, adding new members to the scheme/Deleting exits and raising debit/credit note as required.
• Ensuring adequate scheme reassurance placement is done for all new business and renewal as per the treaty.
• Provide quarterly reports to the brokers and clients.
• Follow up with brokers and clients to ensure timely payment of premium.
• Carry out premium reconciliation and prepare premium statements for the clients to adequate cover
• Analyse reported claims to ensure the scheme and the members was fully declared prior to claim occurring.
• Prepare commissions payments for our brokers and agents.
• Provide quality customer service to both internal and external clients.
• Preparation and production of monthly schemes management reports.
• Liaise with brokers and direct clients and respond promptly to verbal, written and telephone enquiries on policy benefits and operation.
• Producing quarterly reinsurance reports to the Reasurers.
• Any other roles assigned by the supervisor

SKILLS AND COMPETENCIES

• Good communication skills
• Computer literate
• Good assessment and analytical skills
• Ability to interact at all levels
• Knowledge of insurance market
• Report writing and presentation skills Good product knowledge

KNOWLEDGE & EXPERIENCE

• Product and process knowledge
• Possess strong verbal and written communication skills
• Ability to work as part of a team
• Proven analytical skill
• Possess excellent arithmetic skills.Self-starter who shows initiative and is able to work under minimal supervision

QUALIFICATIONS

• Undergraduate Degree in Commerce (Insurance Option), Actuarial Science or Business related.
• Professional qualifications in Insurance such as AIIK,CII, COP added advantage.
• At least 2 years’ experience in a similar role.

Job Description

• Preparation of Monthly Financials and annual audited financials.
• Preparation of Functional Income Statements
• Preparation of Business plans and Forecasts
• Preparation of monthly, quarterly, and yearly financial reports.
• Responsible for the following entities: - OMHPLC & Shared services
• Preparation of entities audited financials.
• Running the financial and regulatory audits of the entities
• Preparation of Monthly financials of the entities
• Preparation of Monthly Functional Income Statements.
• Maintaining & Improving the financial reporting control environment of the entities
• Providing insightful analysis into the monthly financials of the entities
• Identifying areas of cost saving in the entities
• Identifying areas of automation & process improvement in the various duties carried out.
• Management of entities Fixed Assets & fixed asset register.
• Uploading entity financials(collectors) into HFM.
• Tracking and recognition of investment Income & finance cost
• tracking of actual spend vs budget
• Daily upload of exchange rates in D365
• Opening and closing of Periods In D365
• Running of year end process for the group in D365
• Intercompany reconciliation Grid and guiding the teams.
• Monthly consolidation of property financials.
• Monthly foreign exchange revaluation In D365
• Creating of new dimensions and Fiscal calendars in D365.
• Creating of new ledger accounts In D365
• Maintaining east Africa Mapping in FDM
• Preparation of the entities quarterly Board Reports
• Preparation of entities Business Plans
• Preparation of monthly entities financial forecasts
• Preparation of OMHPLC Half year and Full year publications
• Preparation of entities Opscom report.

Skills

• Financial Analysis and Reporting, Financial Forecasting, Income Statements, Intercompany Accounting, Process Improvements