Reporting to: Managing Director – CIC
Location: CRDB Bank Plc Insurance Broker
Job Summary
The Purpose of the job is to be responsible for proactively responding to identified business opportunities for all lines of business.
Recommended:To provide leadership and direction to the business development team including business retention thus achieving the delivery of the Business Strategy as well as ensuring sustainable, profitable business operations and establishing CRDB Insurance Company as a world-class Insurance Company, readily recognized within Tanzania.
Key Responsibilities
- Responsible for overseeing the daily insurance sales in the Organization which includes life/non-life and health insurance.
- Responsible for the development and implementation of the Departmental Business strategy, plans and budget in line with company objectives.
- Responsible for compliance with organizational policies, procedures and quality standards including Tanzania Insurance Regulatory Authority (TIRA)
- Works closely with CRDB Group stakeholders to develop business strategy and articulate action plans to drive the focus of business towards archiving the company objectives.
- Undertakes training initiatives within CRDB Group to expand the technical skills of underwriters.
- Responsible for ensuring all renewals are done on time and ensuring maximum client retention while generating more leads and support in the closing of the same.
- Develop and review all business proposals for new products and clients for quality assurance.
- Validate all proposals/inquiries/quotations received directly or through the selling outlets for compliance.
- Prepare various analytical business reports and advise the CEO on the way forward.
- Establishes a framework/guiding instrument to support business digitization.
- Responsible for proposing and implementing cost-effective solutions for the efficient and effective operations of the company.
- Responsible for recruitment of new customers and persuading existing ones to buy extra services/products (Cross and Upselling).
- Conduct research and explore and identify new methods and opportunities for sales campaigns, product developments, and enhancements.
- Responsible for developing the service level agreements between CIC, service providers & consumers.
- Providing overall leadership to the business development team – Influencing motivation to make people succeed in proportion to their capacity.
- Develop and implement the incentive program for all selling teams and distribution channels.
- Conduct marketing intelligence and monitor the industry activity and advise the Management on opportunities/threats that are presented by such activities.
Read Also:
Education Experience, Knowledge and Skills Required
- Bachelor’s Degree in any related Business subjects from an accredited higher learning institution.
- Professional qualification (ACII) will be an added advantage.
- 10 years’ experience within the Insurance Industry of which 3 years must be a Senior Position.
Deadline 13th June 2013
Actuarial at CRDB Bank
Reporting to: Head of Business Development – CIC
Location: CRDB Bank Plc Insurance Broker
Job Summary
The Purpose of the job is to be responsible for analyzing data and assessing risk using statistical models. Design and price insurance policies and use advanced statistics and modelling to understand data.
Key Duties/Responsibilities
- Perform monthly variance analysis (MVA), to compare develop experience vs. plan targets.
- Obtain, verify, analyze, and model data including risk reporting and forecasting.
- Update trend projections periodically, to support pricing trend development and the corporate business plan.
- Ensure work is accurate and efficient using existing procedures.
- Perform key actuarial functions including new product pricing recommendations in coordination with other actuarial associates.
- Manage reviews of Property and Casualty insurance pricing models.
- Responsible for research and analysis of information to provide recommendations on calculation issues.
- Complete projects on time and with high standards and accuracy.
- Conduct contemporaneous reviews on general Insurance reserves and report key findings to senior management.
- Independently create and submit regulatory rate, rule, and form filings.
- Support the month-end close process and ensure the accuracy of booked reserves.
- Plan and prioritize work in accordance with broader team or department objectives and priorities.
- Responsible for coordinating the development and extensive analytical review of trends.
- Participate as a representative of the department during relevant meetings.
- Develop and maintain effective working relationships with both internal and external stakeholders.
- Proactively identify opportunities for improvements in processes and products.
- Analyze and recommend revisions in rates and rating plans for assigned lines of insurance.
Education Experience, Knowledge and Skills Required
- Bachelor’s or Graduate’s Degree in actuarial science, statistics, computer science or mathematics.
- A strong ability in mathematics
- The capacity to analyse data and solve problems.
- The ability to carry out statistical analysis, such as scanning and cleaning data and interpreting trends and relationships between data sets.
- Good communication skills to be able to feedback on findings to non-actuarial colleagues or clients.
- The ability to produce reports and summaries of data analyses that non-specialists can understand.
- Commercial awareness as you’ll need to adopt a business-like approach when dealing with clients.
- An aptitude for collaborative working.
Deadline 13th June 2013
Reporting to: Head of Operations – CIC
Location: CRDB Bank Plc Insurance Broker
Job Summary
The purpose of the job is to provide and manage the claims strategic interface across all aspects of the business. The person will be responsible for handling insurance claims from end to end. Assess whether a claim is valid or fraudulent, as well as arrange any follow-up action that is needed.
Key Duties/Responsibilities
- Ensure prudent claim handling in line with the Company’s claim philosophy.
- Ensure adequate reserving and regular review.
- Ensure prompt settlement of claims Ensure efficient claims processing.
- Ensure prompt preparation of Management and Statutory Reports
- Ensure claims are paid within the policies issued.
Read Also:
Education Experience, Knowledge and Skills Required
- B.A. / B.S. preferred (degree in Risk Management, Finance, or related field a plus) or equivalent experience.
- At least 5-year working experience in the insurance industry in a managerial role.
Deadline 13th June 2013
