Head of Group Insurance

Job Description

Title: Head of Group Insurance

Company Name: NRB Islamic Life Insurance Ltd.

Vacancy: Not specific

Job Location: Dhaka

Employment Status: Full-time

Educational Requirements:
∎ Graduation/Master (preferably in Business Administration, Finance, or Statistics) from a reputed university.
∎ Diploma in risk management, and actuarial will be preferred.
∎ Candidate should have a strong knowledge of Group & Health Insurance Products.
∎ Training/Trade Course: Group Insurance

Experience Requirements:
∎ At least 10 year(s)
∎ The applicants should have experience in the following area(s): Insurance
∎ The applicants should have experience in the following business area(s): Insurance

Job Responsibilities:
∎ Procure group and corporate insurance business independently and efficiently.
∎ Supervise group Insurance Department smoothly.
∎ A clear understanding of group and Health Insurance Products.
∎ Depth knowledge in group insurance product rating, and proposal submission to corporate clients.
∎ Negotiation and communication skills with corporate clients.
∎ Good rapport and liaison with large corporate bodies, and local, multinational, and government organizations.
∎ Regular product-related reporting to business and internal stakeholders.
∎ Managing insurance claims and managing relations and communications with the insurance companies, insurers' engineers, and loss adjusters.
∎ Ensures timely communication and response to inquiries from employees and employed groups.
∎ Ensures that benefits, premium rates, and effective dates of coverage selected by new groups are correctly reflected in the enterprise system of the company. This applies to both new groups and renewing groups.
∎ Establishes and maintains departmental performance standards and ensures timely reporting of these departmental performances.
∎ Provide adequate reporting to management as to the performance of the Insurance Administration.
∎ Analyze end to end journey of Group Life and Health and suggest mitigations required to grow the business.
∎ Responsible for administering claims in a manner that conforms to the insurance policies provisions of contracted insurance carriers.

Additional Requirements:
∎ Age at most 50 years

Salary: Negotiable

Compensation & Other Benefits:
∎ Mobile bill, Weekly 2 holidays, Insurance
∎ Festival Bonus: 2

Job Source: Bdjobs.com Online Job Posting.

Application Deadline: 31 Dec 2023

Company Information:
∎ 19 Dec 2023
∎ NRB Islamic Life Insurance Ltd.
∎ Address : Navana Zohura Square (7th Floor), 28 Kazi Nazrul Islam Avenue, Banglamotor, Dhaka-1000
∎ Business : NRB Islamic Life Insurance Ltd. is emerging as one of the leading full-fledged Islami Life Insurance Companies in the country in order to bring confidence among the common people of the country. We are aiming to be the premier Islami Life Insurance company in Bangladesh within the next few years. We will serve the policy holders with utmost care and provide the best solution for their needs. We will be a company with due solemnity and corporate social responsibility to the society upheld by taking financial risks. Our mission is to Islamization of the economic activities in the country for the solidarity of the Muslim Ummah and to provide financial security to our valued participants Life Takaful policies that are most beneficial for their needs.

Category: Bank/Non-Bank Fin. Institution

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Source: bdjobs.com

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