Graduate Annuity Officer at First Bank of Nigeria Insurance

First Bank of Nigeria Insurance is a limited liability company licensed to transact Insurance businesses in Nigeria. The Company is jointly owned by FBN Holdings Plc (65%) and the Sanlam Group, one of the largest financial institutions in South Africa (35%) and it officially commenced operations on the 1st September 2010.

Drawing from the knowledge and experience of our owners, we intend to play a significant role in the development of the insurance industry in Nigeria. To achieve this, we are anchoring our operations on product innovation, efficient service delivery and prompt claim settlement.

We are recruiting to fill the position of:

Job Title: Annuity Officer

Job Id: ANUO/2516
Location: Nigeria

Purpose of Job

• Responsible for the maintaining and servicing of all annuity policies, inforce and prospects (Immediate and Deferred)

Job Duties and Responsibilities

• Provide business support for the annuity sales team
• Prepare provisional agreements for the annuitants
• Liaise with PFAs on the following
• Submitted Provisional Agreement
• Premium Transfers from PFAs into our annuity account
• Scheduled details of the fund transfer into our annuity account
• Generate policy schedule and welcome letters to annuitant confirming receipt of payment and the annuity details
• Generate weekly and monthly reports as follows:
  • Annuity premiums transfer from the PFAs
  • Expected Premiums pending from all PFAs
  • Sales team production report
• Generate the following monthly payment schedules weekly and monthly reports as follows:
  • Annuitants Payments
  • Commission Payments to the Sales team
  • LASPEB Commission
  • Monthly allowance of the sales team
  • Attend to annuity claims payment relating to death cases (if
    Click here to Apply