Insurance Officer at Zanzibar Insurance Corporation (ZIC)

Application Deadline: 24 Aug 2016

Insurance Officer POSITION DESCRIPTION:

Zanzibar Insurance Corporation (ZIC} is a state owned company which has been operating even before liberation of the Insurance industry In 1996 and registered according to Insurance Act Cap.394 of year 2009. Zanzibar Insurance Corporation is looking for a qualified candidates to fill the three following vacancies;

Insurance Officer (1 Post HQ Zanzibar)
Report to: Director of General Insurance

Job Purpose
The Insurance Officer serves under the Director of General Insurance. He is responsible
for underwriting business, renewals, endorsements, processing of claims as well as routine
correspondence.

Duties and Responsibilities
(i) Undertakes the underwriting of new policies.
(ii) Apportions risks under various reinsurance treaties and/or facultative reinsurance.
(iii) Receives facultative reinsurance offers from outside companies, maintains reinsurance files
and relevant correspondence.
(iv) Advises the Accounts Department on Credit and Debit Notes to be raised In favour of or
against Insurance Agents. Insurers or Reinsures in respect of premiums, claims etc.
(v) Prepares relevant data for actuarial valuation.
{vi) Prepares endorsements and renewal documents.
(vii)Checks premium rates applicable to endorsements and renewals and ensures that they are
correctly applied.
(viii) Drafts all endorsements and renewals as need arises.
(ix) Advises on trends in the various aspects of business operations within his section and
suggests corrective measures.
(x) Signs documents within approved financial powers delegated to him.
(xi) Deals with all matters connected with advances or commission to agents.
(xiii) Process claims for settlements e.t.c
(xiv) Carry out risks and loss surveys as necessary

Essential Qualifications
Holder of Associate of Chartered Insurance Institute (ACll) Diploma or
Advanced Diploma in Insurance from a recognized Institution Or
A recognized degree plus recognized professional insurance qualification; and
At least 2 years of experience at managerial level
Computer literacy is an added advantage

REMUNERATION
Remuneration will be according to ZIC salary scale and other terms and conditions of ZIC.

APPLICATION INSTRUCTIONS:

Application letters accompanied by a typed detailed CV, certified copies of Academic Certificates,
Three Names of Referees, Current Postal Address, Phone Number, Email Address and Two (2)
Passport Size Photograph. Should be addressed to:
IMPORTANT NOTE:
MANAGING DIRECTOR
ZANZIBAR INSURANCE CORPORATION
P.O. BOX 432
Zanzibar

i) Testimonials/provision results /statements of results are not accepted
ii) Employed applicants are required to channel their application letter through their employers
iii) Age 25-45 years
iv) This is a renewable contract based employment