INSURANCE BROKERAGE

VACANCY
Our company is an upcoming and promising Insurance Brokerage firm
Position available now:

MANAGING DIRECTOR
As the MD of the company, you will work with the Executive Management team to define and articulate the company’s strategic vision, revenue and profit objectives and work with the operating team to achieve the set objectives. You are fully responsible for the target of the company

JOB DESCRIPTION
As the lead insurance broker, you act as an intermediary between clients and insurance companies. Clients may be either individuals or commercial business and organizations. You are expected to use you in-depth knowledge of risks and the insurance market to find and arrange suitable insurance policies for clients. As an independent insurance broker, we plant to offer products from more than one insurer that clients get the best deal. You will lead this charge and ensure this happens. The scope of insurance policies we carry, range from vehicle insurance which is required by law to drive a vehicle in Nigeria, to public, employers or product liability insurance, which pays compensation on the basis of the assessment of liability for damage, injury or harm

RESPONSIBILITIES
This will include revenue and profit, including new business development and acting as the placing broker and claims broker

Gathering information from clients, assessing their insurance needs and risk profile
Building and maintaining ongoing relationships with clients including scheduling and attending meetings and understanding the nature of clients’ business or lives
Foreseeing clients insurance needs, such as policy renewals
Researching insurance companies policies and negotiating with underwriters to find the most suitable insurance for clients at the best price
Arranging specialized types of insurance cover in complex cases; this may involve preparing reports for insurance underwriter and surveyors and negotiating with insurers
Advising clients in risk management, and helping to devise new ways to mitigate risks, for example, by adding security measures such as fencing surveillance and cameras or lighting to commercial properties to reduce the life hood of break-ins
Renewing or amending existing policies
Advising clients whether and when they need to make a claim on their policies
Marketing and acquiring new clients
Developing relationships with underwriters, surveyors, photographers, structural engineers and other professionals
Administrative task such as dealing with paper work, correspondence, keeping detailed record
Wining accounting changes in the insurance market and in the clients industries
Collecting insurance premiums and processing accounts

While all the above are the responsibilities of the MD, it is expected that you will build a team to help you in the implementation of the objectives and in achieving these responsibilities

SKILLS AND EXPERIENCE
Candidates must be dynamic, intelligent and have practical industry experience with a strong understanding of technology

OTHER REQUIREMENTS
Must be a trained insurance professional with up to date certification and testing in the relevant areas
Must have 5+ years post certificate experience – Chartered Insurance Institute
Must have operating experience in senior management roles and in particular in the execution of new projects and launching of new products
Demonstrated understanding of key laws and rules guiding insurance brokers, insurance companies and customers in this market
Demonstrated understanding of the use of technology in doing your work and the opportunities in using technology in the insurance industry
Ability to lead and manage a team of professionals
Minimum of BS/BA degree or equivalent education
Excellent written and oral communications, good organization, speed to execute work, maturity and sense of judgment
Must have integrity and high sense of ethical responsibility

SALARY AND PACKAGE: Competitive and negotiable

TO APPLY
Interested applicants should forward their CVs to [email protected]

not later than January 6 2011.