Insurance Desk Supervisor  
Khushhali Microfinance Bank Limited - (KMBL)   More jobs from this company

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Job Title:   Insurance Desk Supervisor
Category:   Operations
Total Positions:   1
Job Location:   Islamabad
Gender:   No Preference
Minimum Education:   Masters
Degree Title:   Preferably Masters in Business Administration, Banking / Commerce / Economics from an HEC recognized / overseas institution.
Career Level:   Experienced Professional
Minimum Experience:   3 Years
Salary Range:   PKR 0 to 0 per Month
Apply By:   Jan 4, 2019
     
     
 
Job Description:

Manage product insurance, general insurance and employee asset management across the network under the supervision of Manager Banking Operations

Key Responsibilities

1.    Product Insurance

  • Supervise micro health products related activities that include preparing of consolidated MIS received from branches, premium related branch level entries and issuance of policy certificates by insurance company.
  • Keeping a track record of premium transferred by branches.
  • Provide assistance to branches regarding the micro health products
  • Preparation of month end reports related to micro health products.
  • Assist branches for month end premium transferred to insurance company accounts.
  • Submission of KB commission cheque received from insurance companies against micro health products to F&A.
  • Collect Behtreen Bachat Depositors Life Insurance data from BTU and forward data to insurance company for insurance coverage.
  • Process premium invoice and submit to F&A for onward payment processing.
  • Prepare monthly, quarterly and annual reports regarding sales / commission and share with concerned departments

2.    General Insurance

  • Preparation of RFPs for annual insurance agreement related to fixed assets, gold and cash insurance coverages.
  • Received and share annual approved cash and gold insurance limits with insurance company and branches.
  • Monitor that no branch exceeds its gold or CIPL holdings above
  • approved limits. Breaches should be escalated to branches and management for strict compliance.
  • Initiate CIPL annual review
  • Communicate revised insurance limits after approval from concerned authorities to insurance company for timely coverage.
  • Daily update of Operations Scorecard regarding branch instances of cash limits.
  • Monthly update of branches gold positions regarding limits and total number of gold pouches available in branches safes.
  • Process premium invoices of insurance companies against annual and additional insurance coverages
  • Timely updates of insurance cover for all additional purchases as well cancellation of disposed-off items

3.    Employee Assets Insurance

  • Supervise car evaluation process, issuance of lien marking and NOC letters against employee car loan vehicles.
  • Ensure lien marking of employee owned vehicle and share details with HR
  • Supervise life and property insurance coverage process under employee home loan policy.

4.    Insurance Claims

  • Intimation of loss to concerned insurer.
  • Coordination with Branches / Corporate Office and Insurer about required documentation.
  • Compliance check of all cases received from branches, Corporate Office and delivered to concern Insurer.
  • Recovery follows ups against Damaged, Theft, Fidelity etc. claims.
  • Report theft cases to HR & F&A.

Knowledge, Skills, abilities & other attributes

Education:

  • Preferably Masters in Business Administration, Banking / Commerce / Economics from an HEC recognized / overseas institution.

Skills:

  • Knowledge of insurance policy and procedures.
  • Knowledge of recording financial transactions.
  • Good analytical skills.
  • Proficient in MS Office Suite.
  • Exhibits and upholds KMBL’s values and social performance objectives.

Duration and nature of previous experience:

Minimum three years of relevant experience. Experience in a Financial Institution will be an added advantage


Company Information
 
Company Name:  Khushhali Microfinance Bank Limited - (KMBL)
Company Description:

Founded in the year 2000, Khushhali Microfinance Bank Limited (formerly known as Khushhalibank Limited) was a part of the Government of Islamic Republic of Pakistan's Poverty Reduction Strategy and its Microfinance Sector Development Program (MSDP). MSDP was developed with the facilitation of Asian Development Bank (ADB). With its headquarters based in Islamabad, Khushhali Microfinance Bank (KMBL) operates under the supervision of the State Bank of Pakistan (SBP). The bank's board comprises of seven members including leading commercial bankers, fund managers and microfinance experts from across the globe. The mandate remains to retail microfinance services and to act as a catalyst in stabilizing the country's newly formed microfinance sector.


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