3 Job Positions at Old Mutual Insurance Rwanda: (Deadline 23 December 2022)

3 Job Positions at Old Mutual Insurance Rwanda: (Deadline 23 December 2022)

Compliance and data protection at Old Mutual Insurance Rwanda: (Deadline 23 December 2022)

Old Mutual Insurance Rwanda (former UAP Insurance Rwanda) is a subsidiary of UAP Old Mutual Group, member of Old Mutual Limited, an Integrated financial service provider comprising Insurance, Banking, and Investment Business. Old Mutual insurance Rwanda vision is being the Rwandan’s revolutionary financial services company with a commitment to enhance the quality of life by delivering peace of mind and financial freedom.

Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries. Our primary operations are in South Africa and the Rest of Africa, and we have niche businesses in Asia. We have 12 million customers and 30,000 employees and with over 175 years of heritage across sub-Saharan Africa, we are a crucial part of the communities we serve and broader society on the continent. The business is listed on the Johannesburg, London, Zimbabwean, Malawian and Namibian stock exchanges. The UAP Old Mutual Group comprises of three key players as a result of the acquisition of a controlling stake in Faulu in 2014 and UAP in 2015 by Old Mutual. The acquisition resulted in Old Mutual Kenya and UAP Holdings (www.uapoldmutual.com) as well as Faulu Microfinance Bank (www.faulukenya.com) forming one of the largest financial services groups with a growing footprint in East and Central Africa. The Group currently has operations in Kenya, Uganda, Tanzania, South Sudan and Rwanda.  The Group now offers customers a comprehensive and enhanced range of financial services which include Investment, Insurance, Banking, and Savings as well as a wider and more accessible distribution network. The wider group also offers broad career growth prospects for employees. It therefore wishes to fill the below vacant position with qualified, experienced, and talented individual to strengthen its portfolio as a Pan – African Financial Services Group. The positions’ details are further outlined below;

Job Summary

The role holder will be responsible for embedding the Compliance Framework within the Business and the management and implementation of required legislative / regulatory compliance risk measures in line with the approved Regulatory Compliance Risk Policy. The role holder will be responsible for ensuring compliance with AML/CTF, Data Protection and Privacy laws and other Key Regulatory requirements as outlined by the regulator.

Key tasks and responsibilities

1. Ensure that the Compliance management framework and system is appropriately rolled-out across the Business, ensuring appropriate processes are implemented for identifying, assessing, monitoring, managing and reporting on material compliance-related risks exposure, incidents to the business. Ensure Compliance to the approved Regulatory Compliance Policy
2. Establish and maintain the regulatory universe for the entity.
3. Ensure that appropriate processes are in place to assess the adequacy and effectiveness of operational compliance controls and that appropriate management actions are in place to address any regulatory risks or exposures. Ensure that Management has effective processes controls in place for the identification of regulatory changes and the implementation of processes and controls in response to these changes.
4. Advise the business on the design and implementation of compliance controls and related mitigation processes, projects and change programmes.
5. Coordinate engagement and communication between the entity and the relevant regulators, ensuring that appropriate controls and processes are in place to effectively manage all regulatory interaction applicable to the function and be aware of key issues and concerns raised by regulators, while coordinating regulatory interaction where necessary.
6. Oversee and/or facilitate effective processes to ensure the timely submission of all regulatory applications and returns by the business.
7. Ensure that an appropriate Compliance Monitoring plan is developed and approved by the relevant Board of Directors annually and monitor the execution of the plan throughout the year.
8. Ensure that the Business processes personal data of its staff, customers, providers or any other individuals (also referred to as data subjects) in compliance with the applicable data protection Laws, Regulations and Policy requirements.
9. Driving implementation of essential elements of Data Protection and Privacy, such as the principles of data processing, data subjects’ rights, data protection by design and by default, records of processing activities, security of processing, and notification and communication of data breaches.
10. Ensuring adequate Compliance Training and Awareness is provided across the Business.
11. Monitoring compliance with the Data Protection laws as outlined by the regulator.
12. Report or facilitate the reporting to the relevant Board and Managing Executives on:

• The compliance risks to the business and on material compliance issues, including the outcome of regulatory visits, control breaks, breaches, exposures and mitigating management actions.
• The extent to which the business is ready to comply with new or emerging laws and regulations.
• The level of progress with the delivery of the annual Compliance monitoring plan and the adequacy of resources for the Compliance Function.

Qualifications and experience

• Bachelor’s degree in ICT, Law, Business Administration or any other Business-related.
• 4+ years’ work experience.

Skills and competencies

• Accountable for service delivery through own efforts.
• Individually accountable for managing own time, tasks, and output quality
• Makes increased contributions by broadening individual skills.
• Collaborates effectively with others to achieve personal goals.
• Accepts and lives the company values.
• Legal risk assessments and analysis

Please visit our careers page through this LINK

Interested candidate are requested submit their applications by 12.00 a.m. 23^rd December 2022.

Applicants must possess or be in the process of applying for a POLICE CLEARANCE CERTIFICATE as at the time of making an application.

ONLY short-listed candidates will be contacted.

CLICK HERE TO READ MORE AND APPLY

Actuarial Officer at Old Mutual Insurance Rwanda: (Deadline 23 December 2022)

Old Mutual Insurance Rwanda (former UAP Insurance Rwanda) is a subsidiary of UAP Old Mutual Group, member of Old Mutual Limited, an Integrated financial service provider comprising Insurance, Banking, and Investment Business. Old Mutual insurance Rwanda vision is being the Rwandan’s revolutionary financial services company with a commitment to enhance the quality of life by delivering peace of mind and financial freedom.

Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries. Our primary operations are in South Africa and the Rest of Africa, and we have niche businesses in Asia. We have 12 million customers and 30,000 employees and with over 175 years of heritage across sub-Saharan Africa, we are a crucial part of the communities we serve and broader society on the continent. The business is listed on the Johannesburg, London, Zimbabwean, Malawian and Namibian stock exchanges. The UAP Old Mutual Group comprises of three key players as a result of the acquisition of a controlling stake in Faulu in 2014 and UAP in 2015 by Old Mutual. The acquisition resulted in Old Mutual Kenya and UAP Holdings (www.uapoldmutual.com) as well as Faulu Microfinance Bank (www.faulukenya.com) forming one of the largest financial services groups with a growing footprint in East and Central Africa. The Group currently has operations in Kenya, Uganda, Tanzania, South Sudan and Rwanda.  The Group now offers customers a comprehensive and enhanced range of financial services which include Investment, Insurance, Banking, and Savings as well as a wider and more accessible distribution network. The wider group also offers broad career growth prospects for employees. It therefore wishes to fill the below vacant position with qualified, experienced, and talented individual to strengthen its portfolio as a Pan – African Financial Services Group. The positions’ details are further outlined below;

Job Summary

• To assist the Actuarial Specialist in carrying out valuation of technical liabilities in GI and Health business, capital adequacy assessments, prepare reports and carry out any other duties as delegated by the head of department
• Conducts accuracy checks on data before it is used and to analyse data to draw conclusions and make recommendations
• To induct and supervise actuarial interns as they may be assigned to the business and build their technical capacity.

Key tasks and responsibilities

1. Reserving and Liability Valuation:

• Assist in carrying out reserving and triangulation of actuarial liability valuations for the respective East Africa Entities as allocated by the Head of Function
• Ensure reserving methodology used is in line with local regulation and Actuarial best practice standards
• Review of external actuaries’ report and collaboration with the appointed actuaries to produce the Financial Condition Report (FCR)
• Assist in implementation of the upcoming IFRS17 accounting standard and provide technical assistance

2. Data Checks:

• Ensuring accuracy of data (valuation, pricing, and investigation data) before it is used.
• Analyse, Query and clean data as need be
• Produce a report capturing any identified data issues and track resolution with the different teams Underwriting, Claims, IT, Finance etc
• Collate and provide accurate data which is needed by the External Actuary and External Auditors as needed (End and Half Year)

3. Reporting:

• Support in drafting of various management and regulatory reports as may be required
• Support in analysis needed for reporting to RoA Actuarial Function and Group Reports

4. Analytics:

• Business partnering with contacts in underwriting, claims, finance, and other departments and providing analysis and support to improve underwriting results and data insights
• Assist in consolidation and submission of various analysis for the wider group
• Prepare monthly management reports on drivers of performance after end month reporting
• Contributing to portfolio deep dive, reinsurance analysis, Loyalty awards and analytic support
• Assist in Capital assessment and reporting
• Carry out industry performance reviews and reports as well as market research

5. Product Pricing and Review:

• Carry out pricing reviews and profit test of new products and revamped products
• Assist the Actuarial Specialist in liaising with the business in Product performance review and product pricing for P&C Business

This involves liaising with different departments to ensure that all relevant input is received

• Assist in pricing of high value business or tenders as may be requested by the business
• Assist the underwriting team in preparation of client performance reports

6. Reinsurance Support:

• Assist in carrying out reinsurance analysis to monitor the performance of reinsurance treaties and assist the businesses in exploring ways to optimise on reinsurance arrangements

7. Special/Ad-hoc Projects:

• Participate in special projects as would be requested by the insurance companies within the group.
• Assist in Developing new tools and assist in improving processes to create added value across the actuarial department and other departments. (Automation)

8. Other reasonable duties that may be assigned from time to time.

Departmental Strategy: Support in implementation of the departmental strategy and    tracking of strategic items

Qualifications and experience

• Bachelor’s degree in actuarial science, applied mathematics, statistics, demography, or related field with 3 years working experience in insurance, pension scheme or similar institutions; or master’s degree in academic fields mentioned above with one year working experience in insurance, pension scheme or similar institutions.

• No experience is required for a fellow of a recognized actuarial society who holds a bachelor’s degree in any field mentioned above.

Skills and competencies

• Good analytical and data handling skills
• Business Awareness
• Problem Solving Skills
• Communication and Presentation skills
• Ability to manage self and prioritize work on a wide range of deliverables
• Working under minimal supervision
• Good interpersonal skills
• Proficiency in Microsoft office packages
• Skills in actuarial and programming software eg ResQ and R will be an added advantage and also other programming and database knowledge.

Please visit our careers page through this LINK

Interested candidate are requested submit their applications by 12.00 a.m. 23^rd December 2022.

Applicants must possess or be in the process of applying for a POLICE CLEARANCE CERTIFICATE as at the time of making an application.

ONLY short-listed candidates will be contacted.

CLICK HERE TO READ MORE AND APPLY

Business Development Officer at Old Mutual Insurance Rwanda: (Deadline 23 December 2022)

Old Mutual Insurance Rwanda (former UAP Insurance Rwanda) is a subsidiary of UAP Old Mutual Group, member of Old Mutual Limited, an Integrated financial service provider comprising Insurance, Banking, and Investment Business. Old Mutual insurance Rwanda vision is being the Rwandan’s revolutionary financial services company with a commitment to enhance the quality of life by delivering peace of mind and financial freedom.

Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries. Our primary operations are in South Africa and the Rest of Africa, and we have niche businesses in Asia. We have 12 million customers and 30,000 employees and with over 175 years of heritage across sub-Saharan Africa, we are a crucial part of the communities we serve and broader society on the continent. The business is listed on the Johannesburg, London, Zimbabwean, Malawian and Namibian stock exchanges. The UAP Old Mutual Group comprises of three key players as a result of the acquisition of a controlling stake in Faulu in 2014 and UAP in 2015 by Old Mutual. The acquisition resulted in Old Mutual Kenya and UAP Holdings (www.uapoldmutual.com) as well as Faulu Microfinance Bank (www.faulukenya.com) forming one of the largest financial services groups with a growing footprint in East and Central Africa. The Group currently has operations in Kenya, Uganda, Tanzania, South Sudan and Rwanda.  The Group now offers customers a comprehensive and enhanced range of financial services which include Investment, Insurance, Banking, and Savings as well as a wider and more accessible distribution network. The wider group also offers broad career growth prospects for employees. It therefore wishes to fill the below vacant position with qualified, experienced, and talented individual to strengthen its portfolio as a Pan – African Financial Services Group. The positions’ details are further outlined below;

Job Summary

To develop and grow the business by driving a good relationship between clients, agents and brokers in a manner that ensures achievement of set business targets

Key tasks and responsibilities

• Follow up on quotations to close business and to get feedback
• Daily servicing of clients to nurture the relationship between the company and our customers
• Follow up on renewals to retain business
• Conduct market intelligence to get information
• Provide support services and training to agents
• Premium collections
• Ensures acceptable levels of business retention (i.e. preservation of existing business) are maintained at all times; and any existing business lost due to unavoidable circumstances is replaced by other suitable accounts (over and above the new business acquisition target for the year)
• Closely monitors customer service satisfaction to ensure renewals are not threatened; negotiates renewal terms well in advance and sends formal renewal confirmations to clients before the renewal dates.
• Maintains, and regularly updates business progress reports.
• Cover note control – to make sure all outgoing cover notes are properly used and returned for booking within 5 working days after being issued to clients.
• To make sure that the company knows how much cover notes are with intermediaries.
• Weekly visits to intermediaries to make sure that the relationship is cemented and to do a regular audit on the issued UAP stationeries to the intermediaries.

Qualifications and experience

• University degree
• Basic Insurance qualification
• Sales and Marketing Qualification

Skills and competencies

• Good communication and negotiating skills
• Good interpersonal skills
• Thorough understanding of insurance
• Good communication and stakeholder management skills
• Good teaming and interpersonal skills
• Strong advocacy for collaborative working skills
• Early-stage product experience including strong product development skills

Please visit our careers page through this LINK

Interested candidate are requested submit their applications by 12.00 a.m. 23^rd December 2022.

Applicants must possess or be in the process of applying for a POLICE CLEARANCE CERTIFICATE as at the time of making an application.

ONLY short-listed candidates will be contacted.

CLICK HERE TO READ MORE AND APPLY