Life Operations / Technical Officer Vacancy at Cornerstone Insurance Plc

Cornerstone Insurance Plc is the first insurance company in Nigeria to provide customers with an online platform for insurance transactions. Little wonder why Cornerstone Insurance PLC was adjudged as the ‘Best use of IT in insurance Service 2013’ by the Financial Technology Magazine and also Lagos Chamber of Commerce and Industry Awards for ‘Best Online Insurance Company of the Year 2015 to name a few.

We are recruiting to fill the position below:

Job Title: Life Operations / Technical Officer

Location: Lagos
Reports to: Head, Life Operations

Job Objectives

• To ensure that set departmental goals are achieved in line with operational SLAs (at the barest minimum) and guidelines for efficient management of the Group life sub-unit
• To provide enviable leadership role and good example to the sub-team members in particular and the whole team in general
• To ensure the success of the team by deploying assets as would be required for other units/functions that may arise in the team as a whole.
• Internal: All Employees
• External: Brokers, Walk-In Customers, Organisations (Corporate & Social); e.t.c.

Qualifications

• First Degree in Insurance (i.e. HND / B.Sc / B.Ed / B.A, e.t.c)
• A.C.I.I.N.

Experience:

• A minimum of three years of experience in Life Assurance Practice – Group Life and Individual Life Duties.

Responsibilities
Supervisory:

• Ensure that all underwriting activities in the Group Life arm of the team are attended to in line with the operational SLA. This include the following tasks: quotation preparation; ordinary and medical underwriting; statement of account; endorsement issuance; renewal notice generation; processing and payments; data collation; IES issues; report generation; e.t.c. along with any other task that may be assigned in the course of work.
• Ensure compliance with agreed T.A.T. (48 Hours / 72 Hours (simple/complex cases))
• Ensures 100% compliance to Naicom minimum rate of 6 per-mille on Compulsory Group Life
• Processing of due payments i.e stamp duty, Broker’s commission, medical fees, co-assurers cheques, e.t.c.
• Updating/Maintaining Applicable Registers for both regulatory and office usage (hard & soft)
• Preparation of reports – weekly and as will be required
• Prompt response to emails
• Adherence to teams SLA or operational manual
• Backing up for other sub-units when necessary e,g, claims, payouts, individual, enterprise risk management, e,t,c,
• Ensures that valuation data and related analysis are churned out as (will be) required
• Monitors applicable ratios under the portfolio
• Creates an environment oriented to trust, open communication, creative thinking, and cohesive team effort

Deadline: 27th December, 2019.

Method of Application
Interested and qualified candidates should send their CV to: human-capital@cornerstone.com.ng using “Life Technical Officer” as the subject of the email.