Saccoassurance Officer at United Women Sacco

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Job Detail

  • Job ID 1021531
  • Experience  3 Years
  • Qualifications  Degree Bachelor

Job Description

Role Purpose.

  • The purpose of this role is to drive the new venture embedding it into how members save, borrow, and protect their assets, and turning it into a trusted, profitable arm of the Sacco.

Duties and Responsibilities

  • Identify and develop insurance products that deliver value to the SACCO and its members, while negotiating with insurance providers to secure competitive and favorable terms.
  • Lead innovative marketing campaigns and promotional initiatives to increase product awareness, visibility and member uptake.
  • Assessing the risks faced by Sacco and customers and recommending appropriate insurance products to mitigate these risks.
  • Assisting members in filing insurance claims and coordinating with insurance companies to ensure timely processing and settlement of claims.
  • Ensuring insurance products sold maximize returns and not concentrating with one type of insurance product.
  • Ensuring that the department complies with all regulatory requirements related to the Sacco, insurance, including licensing, reporting, and adherence to laws and guidelines.
  • Identifying opportunities to cross-sell insurance products to customers based on their needs and financial situations.
  • Providing clear communication channels, excellent customer service, addressing issues as they arise, and being a trusted advisor in matters related to insurance.
  • Educate members about the importance of insurance, different insurance products available and coverage options.
  • Monitoring for potential insurance fraud and taking appropriate measures to prevent fraudulent activities and unethical practices that could adversely affect the Sacco.

Qualifications and Experience 

  • Bachelor’s Degree in Insurance, Business Administration, Finance, or a related field.
  • Diploma in Insurance (AIIK) from the College of insurance
  • Minimum of 3 years of experience in Insurance.
  • Proven track record of achieving and exceeding expectations.
  • Must have hands-on experience with at least one insurance software system.

Skills and Competencies

  • Strong sales and negotiation skills.
  • Excellent relationship-building and interpersonal skills.
  • Analytical mindset with the ability to interpret data and trends.
  • Effective communication and presentation skills.
  • Knowledge of insurance industry and regulatory requirements.
  • Proficiency in CRM software and MS Office application

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