Vacancies

A career at AIICO Insurance Plc. affords a truly unique experience which offers more than just the opportunity to work for a strong, stable and value- rich company. A career at AIICO is an opportunity to be part of a company with a strong legacy, a dynamic structure, a futuristic outlook and a company that continuously impacts the society in many positive ways.

AIICO affords its employees an unparalleled foundation on which to build their careers, creating the opportunity of being part of a bright, interesting and experienced team working together to chart new paths in the insurance sector. We offer not only an opportunity to build your career and realize your potentials but the rare chance to make a difference in the lives of our diverse clientele and the society at large.

THRIVE PROFESSIONALLY AND PERSONALLY AT AIICO INSURANCE PLC

At AIICO Insurance Plc., we believe in fostering an environment where individuals excel, both personally and professionally. We offer a comprehensive employee value proposition designed to empower you, support your well-being, and fuel your career aspirations.

We offer:

Stress-Free Work-Life: Hybrid work schedules, competitive leave, and reliable transportation.
Holistic Wellbeing: Health & wellness programs, and subsidized gym memberships.
Grow with Us: Sponsorship for professional certifications, coaching, learning and development opportunities, and more.

At AIICO, we recognize that our employees are our greatest asset. We are committed to fostering a supportive culture where you feel valued, respected, and empowered to achieve your full potential. Join us and embark on a rewarding career journey that makes a difference.

Currently Available positions

NON-LIFE UNDERWRITER

location

Lagos, Nigeria

Job Cateogry

NON-LIFE UNDERWRITER

Closing date

Retail Non-Life Underwriting team is seeking to recruit a young, self-motivated, and talented staff to join the team as a Non-Life Underwriter. The successful candidate will assist the rest of the team to identify business' needs and implement plans to actualize the organization’s goals.

ROLE COMPLEXITY

Candidate must be intuitive.
Assessment of risk from end-to-end.
Analytical and ability to pay attention to details.

ROLES AND RESPONSIBILITIES

Preparation of quotations for customers/Agents.
Processing of incoming mails as they come.
Develop and maintain strong relationships and credibility with the sales force/agents/direct clients.
Ensure that all underwriting records and files of clients are updated every time.
Ensure issuance of certificates to clients as at within the SLA.
Deliver policy documents within 48 hours.
Ensure that Auto/Fire policies are done to survey/inspection team for pre-loss inspection /survey and risk improvement recommendations communicated to the insured
Prepare renewal notices 2 months before renewal and deliver to agents/clients within the assigned time.
Ensure that any policy with a loss ratio above 70% is escalated to higher authorities.
Ensure compliance with the KYC/CFT requirements of the company in respect of both new and renewal businesses.
Ensure that Auto/Fire policies within the retail province are sent to survey/inspection team for pre-loss inspection /survey and follow-up until the survey is carried out and risk improvement recommendations communicated to the insured.
Ensure debit notes are issued and a receipt obtained in respect of all transactions within 48 hours.
Acknowledge all emails and diarize for follow-up within 2 hours.
Deliver endorsements in respect of all policy alterations and renewals.
Any other functions as deemed necessary by the team lead for the unit.

CORE COMPETENCIES

Excellent verbal and written communication skills
Must have eyes for details, and must be able to work with little or no supervision.
Knowledgeable in excel skills.
Must possess strong underwriting skill in non-life business.
Excellent inter-personal relationship skill.

FUNCTIONAL COMPETENCIES

Proficient in the use of Microsoft applications and spreadsheet, Particularly Word, Excel, PowerPoint, and Project and InfoPath.
Must possess relationship management, analytical & problem-solving skills.
A bit of claim knowledge is an additional advantage.

EDUCATION AND EXPERIENCE

EDUCATION:
- Insurance Background or other relevant fields
PROFESSIONAL QUALIFICATION:
- Optional
EXPERIENCE:
- Experience in Non-life Underwriting or closely related roles.

GROUP LIFE UNDERWRITER

location

Lagos, Nigeria

Job Cateogry

GROUP LIFE UNDERWRITER

Closing date

Review of proposed risks, group life underwriting and administration of schemes portfolio. Clients and brokers handling, monthly reconciliation with finance and IT team and any other assigned tasks.

ROLES AND RESPONSIBILITIES

Preparation of Group Life Quotation.
Preparation of Policy Documents for new client.
Medical underwriting.
Registration of New Business on Turnquest.
Processing of Claims settlement in conjunction with claims & Benefit Unit.
Maintaining Group Life Database Portfolio.
Settling of Brokers or Agents Commission.
Client’s Services.
Maintaining of Client’s Record and servicing.
Preparation of Renewal Notices.
Preparation of group life insurance certificate.
Daily Input Of Transactions On Turnquest Database.
Brokers Management.
Preparation of weekly production report.
Monthly Preparation of Production report for actuarial valuation.
NAICOM monthly report.
EDMS upload of transactions.
Responsible for coordinating the unit’s schemes and providing support to the sales team in achieving set targets.

CORE COMPETENCIES

Must be thorough and pay attention to details.
The ability to work well with others.
Excellent Writing & verbal communication skill.
Administration skill.
Ability to use your judgement and make decisions.
Ability to work with little or no supervision.

FUNCTIONAL COMPETENCIES

Analytical thinking skills.
Maths Skill.
Ability to review and access risk.
Interpersonal skills and ability to influence other.
Hands on Microsoft Office suite.
Ability to work under pressure.

EDUCATION AND EXPERIENCE

Bsc. in any social science course or relevant field, Masters in relevant discipline will be an added advantage
ACIIN
Not less than 8 years

GROUP LIFE SALES OFFICER

location

Lagos, Nigeria

Job Cateogry

GROUP LIFE SALES OFFICER

Closing date

Developing market for Group Life products.

ROLES AND RESPONSIBILITIES

To prospect for sales and develop market for Group Life products.
To grow and retain existing accounts.
To develop and manage relationship with clients and brokers.
To provide market intelligence, customer feedback and monitor competitors activities.
To identify new business opportunities for market development.
Responsible for service delivery in the assigned area.
Prepare and present reports on sales.
Responsible for sales presentation.
Collaborates with the technical team to enhance product offerings.
To perform any other duties that may be assigned by the team lead.

CORE COMPETENCIES

Effective Communication.
Relationship Building.
Decision Making.
Analytical.
Problem Solving.

FUNCTIONAL COMPETENCIES

Lead Generatiopn and Pipeline Management.
Product Knowledge.
Presentation Skill.
Persuation Skills.
Negotiation.

EDUCATION AND EXPERIENCE

First Degree.
CIIN- Qualified or Partly Qualified
Minimum of three years

SYSTEM CONTROL OFFICER

location

Lagos, Nigeria

Job Cateogry

SYSTEM CONTROL OFFICER

Closing date

To advise IT and business stakeholders on IT and System control best practices of the operations and processes to reduce risks and improve efficiency and financial profitability.

ROLES AND RESPONSIBILITIES

Support all Internal Control assessment, operation Risk and execution of activities.
Ability to write SQL or ACL script for new request or amend existence Scripts to suit the new requirement of assigned tasks.
Gather and analyze data for key deliverables relating to effective execution of Internal Control Activities.
Conduct vulnerability and penetration assessment.
Conduct risk assessment from cord insurance operations.
Develop a detailed understanding of the activity under IT risks and controls.
Assist in the recognition of key risk areas, incidents, control issues and assess their impact and recommend actions to enhance control.
Assess IT risks and internal control strengths and weaknesses. Develop Control Check List and work program.
Monitor the developed control check list for compliance and execute the work outlined in the work program.
Conduct various IT review in line with IT annual plan and other assigned tasks.
Advise IT and business stakeholders on control best practices within their processes to reduce risks and improve efficiency and financial profitability.
Prepares formal report, expressing opinions on the adequacy and effectiveness of the system and the efficiency with which control activities are carried out.
Document the work performed and conclusions, and appraises the adequacy of the corrective action taken to improve deficient conditions.
To assist the System Control manager in providing reasonable assurance on the IT control operations of the company.

CORE COMPETENCIES

Communication & Presentation Skills.
Problem-Solving & Decision-Making.
Analytical & Strategic, and Critical Thinking.
Pay attention to details and very smart.
Negotiation & Stakeholder Management
Initiative & Proactiveness
Time & Self-Management.
Team Collaboration & Interpersonal Skills.

FUNCTIONAL COMPETENCIES

Proficiency in Audit Command Language (ACL) / Structure Query Language (SQL)
Strong MS Excel, Word, and Power Point skills.
Strong Data Analytical Skills.
Meticulous and results-oriented, with the ability to strive in a fast-paced work environment.
Monthly exceptions and activities report.
Provide a reasonable assurance on IT System security and functionalities.
Report of IT applications review.
Prompt detection of wrong or abnormal posting into System.

EDUCATION AND EXPERIENCE

First degree in computer science, Accounting /finance or any related discipline.
Professional qualification (ACA, CISA) would be an added advantage
Minimum 2 years of working experience in IT control or IT Auditing, Data analytics related role in a Financial Institution or External Audit and proficiency in SQL or ACL

CREDIT CONTROL OFFICER

location

Lagos, Nigeria

Job Cateogry

CREDIT CONTROL OFFICER

Closing date

The Credit Control Officer is responsible for managing and controlling the company’s receivables / payables, ensuring both brokers and insurance company accounts are properly reconciled.

ROLES AND RESPONSIBILITIES

Reconcile brokers and insurance company accounts, ensuring all premiums, claims, and payments are accurately recorded.
Timely payout of commission earned to the brokers and agents.
Timely payout of coinsurance payments Naira / USD.
Prompt journal raising and posting, with other delegated tasks.
Prepare regular reports on outstanding debit notes, providing analysis on aging accounts and overdue payments.
Reconciliation of claims recoveries.
Attend to internal and external audit request.

CORE COMPETENCIES

COMMUNICATION: Strong written and verbal communication skills to liaise with clients and internal teams effectively.
PROBLEM-SOLVING: Proactive in identifying and resolving payment issues or customer concerns.

FUNCTIONAL COMPETENCIES

TECHNOLOGY PROFICIENCY: Proficient in using accounting software, spreadsheets (e.g., Excel), and other financial tools.

EDUCATION AND EXPERIENCE

EDUCATION:
- BSc/BA in accounting, finance or relevant field.
PROFESSIONAL QUALIFICATION:
- Professional certifications such as ACA, ACCA, etc is an added advantage.