Executive Vice President (Branch Control Department)

Job Description

Title: Executive Vice President (Branch Control Department)

Company Name: Prime Islami Insurance PLC.

Vacancy: 1

Age: At least 40 years

Job Location: Dhaka

Salary: Negotiable

Experience:

• At least 15 years
• The applicants should have experience in the following business area(s): Insurance

• MBA in Banking and Insurance or Master’s in Commerce from a reputed university.
• Experience may be considered in place of formal education for exceptional candidates.

• At least 15 years
• The applicants should have experience in the following business area(s): Insurance

• Age At least 40 years

Requirements/Preferable

• Minimum 15 years of experience in underwriting and branch control at a senior level, preferably in non-life insurance.

Key Skills

• Strong leadership and team management abilities.
• Knowledge of pre-risk inspection reports and surveyor assessments.
• Excellent interpersonal and corporate presentation skills.
• High ambition, energy, and ability to work under pressure.
• Proficiency in computer applications.

About Prime Islami Insurance PLC.

Prime Islami Insurance PLC., listed with both the Stock Exchanges, has started its operations in 1996. Since beginning the Company has been doing business with good reputation. The shares of the Company are being traded under ‘A’ category. Prime Islami Insurance is a Triple A (AAA) rated company that denotes the very highest claim paying ability. The Company has received many national and international awards and accolades namely SAFA Award for Best Presented Annual Reports and SAARC Anniversary Awards for Corporate Governance Disclosures, ICAB National Award for Best presented Annual Report, ICSB Award for Corporate Governance Excellence etc.

Key Responsibilities

1. Branch Operations & Strategy:

Manage daily correspondence with branch offices, set revenue strategies, and prepare quarterly, half-yearly, and annual budgets. Monitor business performance across all branches and units to ensure targets are met. Scrutiny of all cover notes and policies used by the head office and branch office.

2. Underwriting & Risk Guidance:

Provide guidance on complex underwriting matters. Support inter-departmental auditing, loss prevention, and coordination of pre-risk inspection reports from surveyors.

3. Premium & Outstanding Dues Management:

Track all insurance premium deposits daily and follow up on un-deposited premiums. Help the recovery cell committee to collect outstanding dues from branches and units, reporting directly to the Head of Branch Control Dept.

4. Business Development:

Develop new business through strategic selling and marketing activities. Periodically review and communicate performance expectations with development officers to drive target achievement.

5. Team Leadership & Coordination:

Oversee day-to-day operations. Liaise with all Departments to reconcile management information systems. Hire, train, and monitor insurance agents and departmental staff.

6. Reporting:

This is a senior leadership position responsible for overseeing branch operations nationwide, driving and ensuring operational excellence. The role reports to the Head of Branch Control Dept. at the Head Office.

• Weekly 2 holidays,Gratuity,Provident fund
• Festival Bonus: 2
• Annual increment as per company policy.
• Performance bonus subject to Board approval.
• Corporate mobile SIM with ceiling.
• Group life insurance, and earned leave.
• Professional working environment with clear career growth opportunities.
• Other benefits as per company policy, orders, circulars.