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Underwriting Officer at Zanzibar Insurance Corporation (ZIC)

Zanzibar Insurance Corporation is a state owned company which has been operating even before liberations of the insurance industry in 1996 AND REGISTERED ACCORDING TO Insurance Act Cap. 394 of year 2009

Is looking for qualified candidate to fill the following vacancy

POSITION: UNDERWRITING OFFICE MWANZA BRANCH

PURPOSES serve under the branch manager she/he is responsible for underwriting business and renewals, endorsement, processing of claims as well as routine correspondence


DUTIES

  1. Under taken the underwriting of new policies
  2. Apportions risks under various reinsurance treaties and/or facultative rainsurance
  3. Receive facultative reinsurance offers from the outside companies maintain reissuance files and relevant correspondence
  4. Advises the Accounts Department on Credit and Debit Notes to be raised in favor of or against Insurance Agents. Insurers or Reinsures in respect of premiums, claims etc
  5. Prepare relevant data for actuarial valuations
  6. Prepare endorsements and renewal endorsement
  7. Checks premium rates applicable to endorsements and renewals and ensures that they are correctly applied
  8. Draft all endorsement and renewals as need arises
  9. Advises on trends in the various aspects of business operations within his section and suggests corrective measures 
  10. Sign document within approved financial powers delegated to him
  11. Deals with all matters connected with advances or commission to agents
  12. Accept business within prescribe financial powers
  13. Process claims for settlements e.t.c
  14. Carry out risk and loss survey as necessary
EXPERIENCE

  • Holder of advance diploma in insurance or any recognize equivalent qualifications with 3 year experienced
  • Computer literacy is an added advantage
REMUNERATIONS

WILL be according to ZIC salary scale and other terms and conditions

Applications letter accompanied by typed detailed cv certified copies of academic certificates, three names of referees current postal address phone number email- address and two passport size should be sent to

MANGING DIRECTOR,

ZANZIBAR INSURANCE CORPORATION,P.O. BOX 432

ZANZIBAR.

DEADLINE 20/10/2016

SOURCE: NIPASHE 6 OCTOBER 2016
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