11 Job Vacancies At Zanzibar Insurance Corporation (ZIC) April 2022

11 Job Vacancies At Zanzibar Insurance Corporation (ZIC) April 2022 Zanzibar Insurance Corporation was established on the 20th of June,1969 under the public Enterprises Decree of 1966 legal Notice no.11 of 1969. It is now operating under the public Investment Act No.4 of 2002. The Corporation is a Parastatal organization owned by the Revolutionary Government of Zanzibar through the Ministry of Finance and Planning.

ZIC is looking for competitive Insurance Staff to help us expand our business by actively seeking and acquiring new clients. The goal is to formulate strong relationships to ensure growth and preserve Zanzibar Insurance Corporation’s prestige.

The Corporation invites qualified Tanzanians to fill eleven (11) posts as mentioned below:

INSURANCE UNDERWRITER 5 POSTS

Mwanza (1) Arusha (1) Zanzibar (2) Pemba (1)

Responsibilities

Review insurance applications for compliance and adherence

Assess clients’ background information and financial status

Liaise with specialists to gather information and opinions

Weight loss exposures and determine underwriting alternatives

Draw up a quote for competitive insurance premiums

Negotiate and define the specific terms of insurance policies with brokers or policyholders

Keep detailed records of policies underwritten and decisions made

Develop and maintain a profitable book of business for the insurer

Follow applicable insurance laws and guidelines

Requirements and skills

Proven insurance underwriting experience

Hands-on experience with “smart systems”, analytical tools and statistical packages (spreadsheets, etc)

Sensible judgement and attention to detail

Confident decision-making skills

Excellent knowledge of insurance policies and ability to relate policy provisions to the loss exposures

Proven numeracy and statistical skills

Degree in Insurance and Risk Management

2     CLAIM OFFICER 1 POST

ZANZIBAR

Responsibilities

Collecting accurate information and documents to proceed with a claim.

Providing advice on making a claim and the processes involved.

Processing new insurance claims notifications.

Obtain and check the validity of the information provided by the claimant, consultants, and other sources.

Responding to all internal and external customer telephone queries regarding the Claim process.

Processing claims within a reasonable time

Follow applicable insurance laws and guidelines

Requirements and skills

Proven insurance experience

Hands-on experience with “smart policy System”, analytical tools and statistical packages (spreadsheets etc.)

Sensible judgement and attention to detail

Confident decision-making skills

Excellent knowledge of insurance policies and ability to relate policy provisions to the loss exposures

Proven numeracy and statistical skills

Degree in Insurance and Risk Management

3. RE-INSURANCE OFFICER 2 POST

     ZANZIBAR

Responsibilities

Coordinates all reinsurance activities.

Ensures compliance with set standards for reinsurance.

Assists Unit Head in packaging sound and robust treaty arrangement for the company.

 Preparation of data and statistics for the treaty negotiation.

Ensure treaty set-up is done before commencement of the year.

 Ensures all regulatory applications are filed within the stipulated timeframe.

Ensures prompt settlement of reinsurance premiums.

Collaborates with Claims Unit on notification and recovery of claims from reinsurers.

Ensures immediate cession of risks beyond the company’s underwriting capacity through treaty and facultative cessions.

 Ensure facultative outward slips are sent to reinsurers within 24hours of receiving acceptance from reinsurers.

Ensures prompt reconciliation of year-end accounts with reinsurers.

Analyses facultative inward transactions and issues necessary documents after acceptance.

Reconcile reinsurance accounts with the Reinsurers.

Carries out any other assignment from the head of the Department.

11 Job Vacancies At Zanzibar Insurance Corporation (ZIC)

Requirements and skills

Proven insurance experience

Hands-on experience with “smart Policy systems”, analytical tools and statistical packages (spreadsheets, etc.)

Sensible judgement and attention to detail

Confident decision-making skills

Excellent knowledge of insurance policies and ability to relate policy provisions to the loss exposures

Proven numeracy and statistical skills

Degree in Insurance and Risk Management

SALES OFFICERS 2 POSTS

DAR ES SALAAM

Responsibilities

Design and implement effective marketing strategies to sell new insurance contracts or adjust existing ones

Contact potential clients by creating, networking, calling, and using social networking

Appraise the wishes and demands of business or individual customers and sell the suitable protection plans

Collect information from clients on their risk profiles to offer them the proper solution

Prepare reports to head of department on the success of your business activities

Retain continuous awareness of transactions, sales and terms and keep relative records

Requirements and skills

Proven experience as an Insurance Sales.

Good comprehension of insurance plans including motor, fire, life, property, etc.

Ability to work with computers and understand and interpret standard statistical findings

Experience in delivering client-focused solutions and in creating long-lasting relationships

Excellent knowledge of insurance policies and ability to relate policy provisions to the loss exposures

BSc in Business Administration, Finance, or related field

PRODUCT INNOVATION OFFICER  1 POSTS

 ZANZIBAR

Responsibilities

Develop the strategy and product roadmap to grow the category revenue, pricing module and P&L

Understand Consumer and Market need gaps to design and develop new products and processes

Enhance Existing product offering and customer experience to increase market share and customer database

Work closely with business development / sales to meet category revenue

Work with teams like Customer Service, inside sales, Operations etc. to improve our customer retention, identify avenues for cross-selling/up-selling at a product level

Ensure consistent execution of product lifecycle processes from concept to launch, working closely with sales, design and engineering team.

Requirements and skills

Relevant bachelor’s degree in Business administration, management, computer science, engineering, marketing, economics, or a related field.

2 years and above experience in product development, testing, or product designing.

Knowledge of MS-Excel and related software

REMUNERATION:

Remuneration will be according to the ZIC salary scales and other terms and conditions of ZIC

11 Job Vacancies At Zanzibar Insurance Corporation (ZIC) April 2022

MODE OF APPLICATION

Application letters accompanied by a detailed CV, Birth certificate, and Certified copies of academic certificates.

All applications must be sent to hr@zic.co.tz with the subject of the position applied

Deadline 13th of April 2022

IMPORTANT NOTE:

Testimonials/provision results/statements of results are not accepted.

This is renewable contract-based employment.