Summary
Date Posted: Monday, January 27 2025, Base Salary: Not Disclosed

JOB DETAILS:
MAIN PURPOSE OF THE JOB
Identify, assess and report on operational risks

KEY RESULT AREAS AND RESPONSIBILITIES
• Participate in the preparation of plans and strategies for the effective assessment and management of risks
• Participate in developing appropriate tools for monitoring operational risk exposures
• Review and assess inherent risks within new processes and systems and make relevant recommendations to the Manager
• Review existing processes and system to identify risk exposures and recommend appropriate mitigation measures
• Provide technical support to the underwriting and claims and reinsurance departments in the assessment and management of risks associated with the services they render
• Undertake sensitization/training of staff on operational risk control
• Record in a database, all incidents of risk reported from operational areas and prepare periodic and ad hoc incident reports; analyzing the causes and recommending appropriate control measures
• Prepare periodic and ad hoc operational risk reports as advised by the Manager
• Monitor developments in the environment and identify potential risk exposures.

PERSON SPECIFICATION:
Minimum Academic and/or Professional Qualifications Necessary
• Minimum of a University Degree in Actuarial Science, Business Administration, Commerce

Additional Training/Qualifications/Certification Necessary
• Possession of relevant professional qualifications such as Certified Risk Management Professional; or a professional qualification in insurance at the level of Diploma CII or its equivalent

Minimum Experience and Exposure Necessary
• 5 years of progressive work experience in risk management, audit or underwriting, with 2 of the years at a supervisor level, in reputable organizations

Key Knowledge Required
• Principles of risk management
• Good knowledge of the insurance industry
• Principles, theory and practice of insurance
• Knowledge of management information systems

Key Skills Necessary
• Hands-on skills in risk assessment and management
• Computer skills
• Good communication and listening skills
• Report writing skills
• Analytical and problem solving skills
• Interpersonal/people skills

Other Qualities/Attributes
• Teamwork
• Time management
• Innovation/creativity
• Ability to work under minimum supervision and for long hours
• High level of integrity and professionalism
• Result-oriented, with commitment to quality and thoroughness
• Confidentiality
• Accuracy and attention to detail




Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

Job application procedure

Interested and qualified, Click here to apply.


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