Job Vacancies at International Energy Insurance Plc

International Energy Insurance (IEI) Plc commenced business as Nigeria’s first Energy-focused Insurance Company, experts in first class underwriting solutions for offshore and onshore risks, as well as general insurance business. The Company’s security is backed by a consortium of local and foreign re-insurers led by African Reinsurance Corporation. We are licensed and regulated by the National Insurance Commission (NAICOM).

We are recruiting suitably qualified candidates to fill the following positions below:

1.) Underwriter

Job Location: Lagos 
Employment Type: Full-time

Duties & Responsibilities

• Review insurance proposals, completed forms, supporting documentation, and risk information.
• Assess the nature of risk exposures using underwriting guidelines, actuarial principles, and historical data.
• Determine appropriate coverage limits, premiums, deductibles, and terms of acceptance.
• Decide whether to accept, decline, or modify applications in line with underwriting authority limits.
• Collaborate with brokers, agents, and marketing teams to clarify risk details and negotiate terms.
• Prepare quotations, underwriting recommendations, and policy documentation.
• Ensure accurate and timely issuance of policy endorsements, renewals, and cancellations.
• Maintain proper documentation of underwriting decisions and approvals.
• Track and manage renewal portfolios to ensure retention targets are achieved.
• Ensure adherence to internal underwriting standards, reinsurance arrangements, and regulatory requirements (including NAICOM guidelines where applicable).
• Monitor portfolio performance and claims trends to identify high-risk areas or emerging exposure patterns.
• Escalate unusual or high-value risks for senior review or reinsurance consultation.
• Work closely with claims, finance, marketing, and risk management teams to support business objectives.
• Provide technical underwriting support and guidance to sales teams and branch operations.
• Respond to customer and broker inquiries regarding underwriting decisions and policy terms.
• Participate in product development reviews and underwriting process improvements.
• Stay updated on industry trends, competitive products, and regulatory changes.
• Contribute to training initiatives for junior underwriters and operational teams.

Educational Qualification and Training

• Bachelor’s Degree in Insurance, Actuarial Science, Finance, Business Administration, or a related discipline.
• Professional insurance certification (e.g., CIIN, ACII) is an added advantage.
• Minimum of 3–5 years of relevant underwriting experience, in an insurance company.

Skills & Abilities:

• Strong analytical and risk assessment skills.
• Good understanding of underwriting principles, insurance products, and pricing.
• High attention to detail and accuracy.
• Strong negotiation and decision-making abilities.
• Excellent written and verbal communication skills.
• Ability to meet deadlines.
• Proficiency in Microsoft Office and insurance underwriting systems.
• Strong attention to detail and compliance orientation.

Method of Application 
Interested and qualified candidates should send their Applications to: recruitment@ieiplcng.com using the Job Position as the subject of the email

2.) Investment / Treasury Officer

Job Location: Lagos 
Employment Type: Full-time

Duties & Responsibilities

• Manage daily treasury operations, including cash positioning, bank account management, and fund transfers, to ensure adequate liquidity for operational and investment needs.
• Oversee and manage investment portfolios in line with approved investment policies, risk appetite, and regulatory requirements.
• Monitor cash flow forecasts, liquidity levels, and funding requirements to support operational and strategic objectives.
• Conduct investment analysis, including yield assessment, risk evaluation, and market trend analysis, to support investment decisions.
• Prepare periodic investment performance reports, portfolio summaries, and treasury dashboards for management review.
• Ensure compliance with regulatory investment limits, internal investment policies, and guidelines issued by regulatory authorities such as NAICOM.
• Liaise with fund managers, banks, custodians, and other financial institutions to manage investment transactions and treasury activities.
• Monitor interest rate movements, market developments, and economic indicators that may impact investment performance.
• Support asset-liability management initiatives and contribute to financial risk management strategies.
• Maintain accurate investment and treasury records, documentation, and reconciliations to support audit and reporting requirements.
• Support internal and external audit processes by providing investment and treasury-related documentation and explanations.

Educational Qualification and Training

• Bachelor’s Degree in Finance, Economics, Accounting, or a related discipline.
• Minimum of 5–8 years of relevant experience in investment management, treasury operations, or asset management, preferably within the insurance or financial services sector.
• Professional certification such as CFA, ACA, ACCA, or related investment qualifications is an added advantage.
• Demonstrated experience in portfolio management, liquidity management, and investment reporting.

Skills & Abilities:

• Strong knowledge of investment management and treasury operations.
• Excellent financial analysis and portfolio management skills.
• Strong understanding of liquidity management and risk assessment.
• Ability to interpret market trends and economic data.
• Strong decision-making and analytical abilities.
• Good reporting and presentation skills.

Method of Application
Interested and qualified candidates should send their Applications to: recruitment@ieiplcng.com using the Job Position as the subject of the email

3.) Admin / Procurement Officer

Job Location: Lagos 

Responsibilities

• Execute procurement activities in line with approved procurement policies, procedures, and budgets to ensure value for money.
• Identify, source, evaluate, and onboard reliable suppliers and service providers, ensuring quality, cost efficiency, and compliance with agreed service standards.
• Manage vendor relationships, including performance monitoring, contract administration, and resolution of service-related issues.
• Prepare purchase requisitions, purchase orders, and related procurement documentation, ensuring proper approvals and documentation.
• Maintain accurate and up-to-date procurement records, vendor databases, and asset registers in line with internal control requirements.
• Coordinate office administration activities including logistics, facility management, inventory control, and general office support services.
• Support the management of office facilities, utilities, equipment, and maintenance services to ensure a safe and functional work environment.
• Prepare periodic procurement and administrative reports for management review, including spend analysis and vendor performance reports.
• Support internal and external audit processes by providing required procurement and administrative documentation.
• Ensure compliance with internal controls, ethical procurement standards, and applicable regulatory guidelines.

Educational Qualification and Training

• Bachelor’s Degree in Business Administration, Supply Chain Management, Purchasing, or a related discipline.
• Minimum of 3–5 years of relevant experience in procurement, administration, or a similar role, preferably within a structured organization.
• Professional certification in procurement or supply chain management is an added advantage.

Skills & Abilities:

• Strong procurement, sourcing, and vendor management skills.
• Excellent negotiation and cost-control abilities.
• Strong organizational and documentation skills.
• Ability to manage procurement budgets and ensure value for money.
• Good knowledge of procurement policies and internal controls.
• Strong attention to detail and compliance orientation.

Method of Application 
Interested and qualified candidates should send their Applications to: recruitment@ieiplcng.com using the Job Position as the subject of the email