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30 Jan 2024

Insurance Officer at Lulu Saccos Ltd

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Job Description


LULU SACCOS LTD is community-based SACCOS which was established under the current governing Co-operative Societies Act No. 20 of 2003 in 2007 and Licensed as Class B SACCOS under Microfinance Act No. 10 of 2018 in 2021. Objectives of Lulu SACCOS includes to mobilize savings from members and in return provide financial and credit facilities, and to improve economic and social conditions of its members.

LULU SACCOS LTD invites applications from suitable qualified and competent candidates to fill the following four(A)vacancies listed below:

INSURANCE OFFICER-1 POST

NATURE AND SCOPE

The successful candidate will be responsible for reconciliation of insurance premiums with insurance companies, tracking commission’s receivable from insurance companies, meet assigned targets for premium collections for both life and general Insurance. He/she will report to the General Manager.

DUTIES AND RESPONSIBILITIES

To Plan, organize, direct and control Insurance Department activities Responsible for reconciliation of insurance premiums with insurance companies, tracking commissions receivable from insurance companies meet the assigned targets for premium collections for both life and general Insurance
To constantly check for fulfillment of the legal, statutory and regulatory requirements of Bank of Tanzania and Insurance Regulatory Authority and other relevant bodies,
Responsible for the operations of the Insurance business and be a representative of the SACCOS in all matters of Insurance business with regulatory authorities.
To advise costumers on suitable insurance products available.
To prepare reports on business development in respective functional areas
Responsible to maintain all Insurance records as specified by the insurance regulator in the insurance regulations and as per the insurance policy of LULU SACCOS
Manage and coordinate handling of claims and customer complaints with insurance companies.
To perform other duties as assigned by the supervisor.
KEY QUALIFICATIONS, EDUCATION AND EXPERIENCE

Applicant should have a degree in Insurance or any other related field.
Having a certificate of Proficiency (COP) in insurance is a must.
Having experience in insurance sales and other financial products sales is an added advantage.
Strong written and oral communication skills in both English and Swahili languages.
Have ability to commit and work independently;
Should have computer skills;
Must be a Tanzanian

GENERAL TERMS AND CONDITIONS

A signed Application letter should be written either English or Swahili;
Applicant must attach an up-to-date Curriculum Vitae (CV) having reliable applicants contacts, e-mail address, reachable telephone numbers as well as three (3) referees with their reliable contact;
Applicant must attach the following: –
Their certified copies of academic credentials (Certifictes and transcripts) including the Form IV National Examination certificate and Professional certificates from relevant authorities (if any).
Their Birth Certificate and a Copy or National Identity Number(NIDA Number)
Only shortlisted candidate will be contacted.

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Method of Application

CLOSING DATE

The deadline for submitting the application is 29 February 2024.

All applications should be sent to.

CHAIRMAN OF BOARD OF DIRECTORS

LULU SACCOS LTD,

P.O.BOX. 3467,

MBEYA.

OR :To be submitted by hand or through email: [email protected]






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