Branch Manager job at NIC Holdings Ltd

About the Organization

National Insurance Corporation (now NIC Holdings Limited) was established in 1964 as a wholly owned Government parastatal and the leading provider of insurance and financial services in Uganda.

In 2005, NIC was privatized with the continental insurance giant, Industrial and General Insurance Plc (IGI) acquiring majority (60%) stake through its special purpose vehicle, Corporate Holdings Limited.

On 25th March 2010, NIC was listed on the Uganda Securities Exchange becoming the first (and only) Uganda registered insurance company to be listed on the USE.

In 2014, pursuant to the Insurance (Amendment) Act, NIC was restructured and re-branded into and insurance group with a holding company and two virile wholly owned insurance subsidiaries, NIC General Insurance Company Limited and NIC Life Assurance Company Limited.

Job Description

NIC General Insurance is looking for experienced candidates to take up positions of Branch Managers.
Reports to: Branch Coordinator
Purpose: Attend to clients, handle branch accounting work, follow up and bank collected premiums, process claims and make periodical report in line with guiding policies and procedures.

Duties and Responsibilities

Attend to and advise clients on the general insurance queries, complaints, and appeals and generate relevant correspondence to stake holders in line with the underwriting standards and guidelines.
Prepare endorsements and attend to correspondences concerning new, renewal and/or alterations of insurance policies in line with the underwriting standards and guidelines.
Prepare books of accounts and capture all business transactions (including settled claims and insurance policies) in the system in line with guiding policies and procedures.
Assist in the preparation of monthly, quarterly and yearly statistical reports for H/Q review in line with the reporting guidelines and standards.
Follow up payments of premium allowed on credit and prepare monthly outstanding claims in line with guiding policies and reporting standards.
Carry out inspection of risks and verification of claims in line with underwriting guidelines and procedures.
Prompt preparation of claim files and payment vouchers for approval in line with guiding policies and procedures.
Take custody of petty cash, process payments, make disbursements upon approval and make periodical accountability in line with accounting standards and guidelines.
Daily banking of collected funds on premiums, renewals etc. in line with the accounting procedures and guidelines.
Any other professional duties as may be required from time to time.

Qualification, Experiences and Competencies

A minimum of a Diploma in Marketing or a related field from a reputable University.
Certificate of proficiency in Insurance is an added advantage.
At least five (5) years of experience in Insurance.
Demonstrate excellent oral and written communication.
Excellent computer proficiency (MS Office - Word and Excel).
Ability to produce results under minimal supervision
We are an equal opportunity organization; both male and female candidates are encouraged to apply.