Insurance Analyst Job at Dangote Group

Dangote Group is one of Nigeria’s most diversified business conglomerates with a hard – earned reputation for excellent business practices and products’ quality with its operational headquarters in the bustling metropolis of Lagos, Nigeria in West Africa.

We are recruiting to fill the position below:

Job Position: Insurance Analyst

Job Location: Lagos
Job type: Full-time

Summary

• Responsible for Underwriting/Claims of the General and Life Insuance portfolio for Dangote Group
• The Insurance Analyst shall ensure that we gather the best quality information (data gathering) into our database to optimize our insurance portfolio through a coordinated Risk Management program.

Responsibilities

• Placement of insurance policies and prompt premium of all covers, including Motor Insurance for all Dangote Group BUs.
• Continue to provide support for DIL on all insurance-related issues
• Maintain all existing covers. Obtain and review all necessary documentation to this effect.
• Ensure there is no gap in cover for all Dangote Group Motor insurance policies and specifically that only operational trucks/vehicles are insured.
• Ensure the implementation of an effective process to ensure that non-operational trucks/vehicles are not insured. Zero tolerance for insurance of non-operational trucks.
• Proactively manage reputational risk by improving and managing risk activities within Dangote
• Transport division, while helping to maintain a strong corporate and public image.
• Administration of insurance claims. Review and collate information required for all claim-processing documents and eliminate completely the issue of incomplete claim documentation on all policies.
• Submission of relevant reports capturing the insurance activities of various BUs for management use.
• Periodic insurance training programs on insurance policies, documentation, and claim processes, with the view to increasing insurance awareness and ensuring prompt claims processing and settlement within Dangote Group.
• Render necessary support to all claim adjusters/Brokers/Insurers/Risk Surveyors to improve the effectiveness of the claim recovery processes within Dangote Group.
• Follow up with brokers to ensure timely settlement of Motor claims, thereby ensuring 10% reduction in claims ratio across all relevant BUs.
• Provide support to different Dangote Plants as directed for the implementation of risk survey recommendations.

Education & Work Experience

• BSc / HND in Insurance related field
• 2-3 years of experience in an insurance or insurance broking firm.
• Membership of the Chartered Insurance Institute of Nigeria (CIIN) would be an added advantage.

Functional Competencies:

• Possess a good understanding of the Insurance industry and practices
• Possess excellent interpersonal relationship skills
• Good stakeholder management skills
• Good analytical and problem-solving skills
• Excellent verbal and written communication skills.