dfcu Bank is a fast-growing Bank in Uganda offering a wide range of financial solutions to its chosen market segments. We are seeking to recruit for the position of Insurance Operations Officer- Credit.
LOCATION: Kampala
REPORTING TO: Manager- Insurance Operations
JOB PURPOSE: Reporting to the Manager- Insurance Operations, the role holder will implement insurance credit controls and manage premium commissions on credit insurance.

KEY ACCOUNTABILITIES:
• Place insurance cover to avoid discrepancies.
• Check and confirm that insurance premium has been collected and remitted to the insurer accordingly to obtain undisputed income.
• Monitoring and Renewal of Expired Policies to manage risks.
• Reconciliation of Outstanding Premiums with Insurers to manage credit.
• Collection and Remittance of Premiums to ease collection of income.
• Process Refunds of Un-Utilized Premiums to manage risks.
• Processing Insurance claims to close out outstanding claims.
• Comply with the Insurance Act and Regulations, as well as dfcu Bank policies and Controls to mitigate risks.
• Prepare and submit the requisite regulatory reports to manage any audit outcomes.
• Reconcile with insurers to ensure Bank insurance commission revenue is accounted for and collected.

QUALIFICATIONS, EXPERIENCE AND COMPETENCIES REQUIRED:
• A Bachelor’s Degree in a Finance related field.
• COP / CIU certificate is an added advantage.
• At least 3 years working experience in Insurance / Banking in related field.
• High level of integrity and ethical standards.
• Attention to detail, excellent analytical skills, and ability to demonstrate high degree of accuracy.
• Excellent interpersonal, verbal, written, communications and independent judgement skills.
• Good organisation skills.
• Excellent negotiation skills.