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Number 1 Retail Life Insurer
aiicontact@aiicoplc.com 01 270 2930 0700 AIIContact (0700 2442 6682 28)

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.

Currently Available positions

location

Lagos, Nigeria

Job Cateogry

Operational Risk Analyst

Closing date

7th November 2022

The Risk Management Department is seeking to hire an innovative operational risk analyst to join our team. The ideal candidate is a self-motivated, highly collaborative team player who enjoys adding value and taking initiative. The successful candidate will assist the Head ERM in designing, monitoring, and implementing risk management strategies, processes, and programs.

The operational risk analyst performs various functions, with a focus on processes for achieving organizational goals, helping the company mitigate risks arising from internal processes, people, and systems.

Actively participate in carrying out operational risk functions (identification, assessment, control, monitoring, reporting, and review) effectively in the company.

Functions & Responsibilities

  • Implement framework, tools, and procedures to achieve successful risk identification and management within ISO 31000 or COSO frameworks.
  • Establish and maintain key aspects of the operational risk management program, such as risk reporting, risk appetite, risk identification & measurement, operational issue management, risk assessment methodology, emerging risks, etc.
  • Implement AIICO’s operational risk framework and strategy
  • Obtain operational risk-related data from internal or external sources and conduct statistical analyses to quantify operational risks
  • Implement and sustain the ISO 22301 and ISO 27001 systems and culture throughout the organization.
  • Participate in the implementation of any other international standards the company may subscribe to from time to time
  • Work with other risk management teams to participate in the conduct of risk assessment of functions/departments/Divisions
  • Analyze and report the financial impact of operational incidents and root causes and business impact analysis
  • Oversee the operational risk incident management process to guarantee that timeliness, integrity, and quality control are maintained
  • Undertake the maintenance of the Enterprise Risk Management Risk Register
  • Identification and treatment of emerging risks
  • Prepare risk management reports to management and the board
  • Carry out other functions as may be assigned

Qualifications

  • BSc/HND (Economics, Statistics, Actuarial Science, or any related discipline).
  • An MBA or MSc. would be an added advantage.
  • Minimum 2 years of working experience in an operational risk analyst role in a Financial Institution/Insurance operations experience or external

Skills / Competence Requirements

  • Knowledge of risk management tools and disciplines
  • Excellent quantitative and analytical skills, along with the ability to apply those skills across a variety of business processes
  • The ability to challenge and question established practices and contribute to the development of new processes
  • Strong interpersonal skills
  • Excellent oral and written communication skills
  • Good presentation skills a plus
  • Average knowledge of the industry and regulatory standards of Risk Management
  • Strong MS Excel, Word, and PowerPoint skills.
  • Project Management experience including business/process analysis, documenting gaps, and making improvement recommendations
  • Seminal / project organizational skill

location

Lagos, Nigeria

Job Cateogry

Digital Product Manager (DPM)

Closing date

27th October 2022

The Digital Product Manager will oversee the entire lifecycle of the digital product, from inception to launch. He/ She requires a range of skills from market and customer research, designing the product architecture, UI development, to supply chain planning. The Digital Product Manager will act as a mediator between the consumers and the technical teams, communicating consumer needs and translating those needs into new product features for the team to design. He/ She will spearhead our digital product team as we develop, identify opportunities, build digital solutions, and grow our digital product.

Functions & Responsibilities

  • Drive product strategies and long-term vision to build best in class digital products
  • Conduct user research and usability studies, collaborating with designers, developers, and research teams from end to end of the process..
  • Ability to craft a product vision (short to long term) and convert that into a concrete strategy
  • Participate in market research, validation, and whitespace analysis to identify new opportunities for new and existing features and functionalities
  • Partner with business owners and agile product teams to build product roadmaps that will be incorporated into the broader company product portfolio plan
  • Develop and implement data pipelines that extract, transform, and load data into an information product
  • Work on managing, storing, processing and analyzing large data sets to identify business opportunities/efficiencies
  • Evaluate, analyze, and understand the voice of the customer through a variety of data sources
  • Manage the product roadmap and backlog for all digital products
  • Oversee and manage lead requirements discovery, solution design, user story writing, feature development, and user acceptance testing
  • Partner with the executive teams to identify key capabilities needed as well as identifying potential issues
  • Partner with cross-functional teams regularly to ensure alignment on feature development and prioritization
  • Partner with IT to manage the roadmap and backlog to ensure that IT delivers all capabilities on time and per expectation
  • Work with product marketing to develop positioning and messaging to ensure differentiation from competitors
  • Monitor and evaluate product performance to ensure constant product iteration and improvements

Qualifications

  • Bachelor's Degree in Business, Computer Science, Information Systems, or related field
  • 3-5 years’ experience in digital product management or similar function
  • Master’s degree is preferred
  • Experience with any UI/UX prototyping tools like – Figma, Adobe XD, InVision Studio, Webflow, Sketch, Fluid UI, Marvel, Proto.io, Justinmind

Skills / Competence Requirements

  • Strong analytical, prioritization, and negotiating skills
  • Usability and customer-focused design experience a plus
  • Passionate about building great products and solving customer and business problem

location

Lagos, Nigeria

Job Cateogry

Data Scientist

Closing date

27th October 2022

The Information Technology Division is seeking to recruit a Data Scientist in the I.T department. The successful candidate will work as a team lead within the Information Technology Department, responsible for turning raw data into valuable insights that an organisation needs in order to grow and compete. They interpret and analyze data from multiple sources to come up with imaginative solutions to problems.

Functions & Responsibilities

  • Support initiatives to identify data requirements to help the organisation achieve market leading 360-degree view of its customers across all channels and leverage new technologies such as Big Data Analytics for the organisation
  • Implement strategic initiatives to help the organisation build next-generation analytics capabilities
  • Provide actionable and insightful information from statistical modelling, data mining, segmentation, customer profiling and quantitative analyses to identify opportunities to cross-sell, up-sell, and improve customer experience
  • Apply advanced statistical and predictive modeling techniques to build, maintain, and improve on multiple real-time decision systems
  • Build analytical tools to generate insight, recognize patterns, predict behavior and deliver insights to users across the organisation
  • Partner with business units, vendors/ consultants on Proof of Concepts related to the use/ testing of new data visualization tools and capabilities, ensuring on-time and accurate delivery
  • Design algorithms, models and prototype solutions using ‘big data’ analytical techniques to explore business hypotheses in an agile and iterative way which supports a learn fast/fail fast methodology
  • Create/ maintain a suite of data models across use cases (including customer experience, risk management, cost management etc.) using ‘best in class statistical techniques
  • Based on business requirements, ensure that models are reviewed, redesigned, optimised based on business need
  • Ensure the development of processes, work standards and controls to ensure the efficient and accurate application of data science techniques to support the identification of actionable insight
  • Keep abreast of trends and new developments in data analytics, Big Data, predictive analytics, and technology

Qualifications

  • Bachelors or master’s in computer science, MIS, or Information Management
  • Experience in a dedicated Data Science, Data Mining, or similar role
  • Advanced degree in Computer Science, Mathematics, Statistics, or related disciplines

Skills / Competence Requirements

  • Experience in a dedicated Data Science, Data Mining, or similar role
  • Advanced degree in Computer Science, Mathematics, Statistics, or related disciplines
  • Experience in applying advanced quantitative methods relevant to modelling risk and consumer behaviour, data mining and deep programming skills
  • Advanced working knowledge and experience with machine learning algorithms
  • Experience with digital analytics tools (e.g., Omniture, Tealeaf) and data and Business Intelligence tools (e.g., Tableau, QlikView, Power BI)
  • Strong programming ability with either Python, R, Scala, Java or mat lab in a data science context e.g. creating propensity models, segmentations or solving complex problems using optimizations techniques)

location

Lagos, Nigeria

Job Cateogry

Data Engineer

Closing date

27th October 2022

The Information Technology Division is seeking to recruit a Data Engineer in the I.T department. The successful candidate will work as a team lead within the Information Technology Department, responsible Data for work in a variety of settings to build systems that collect, manage, and convert raw data into usable information for data scientists and business analysts to interpret as well as make data accessible so that organizations can use it to evaluate and optimize performance.

Functions & Responsibilities

  • Working with business stakeholders to understand high-value business problems that can be solved through the application of data processing and analytical systems
  • Create and maintain data maps and systems interrelationship diagrams for data domains and systems.
  • Assemble large, complex data sets that meet functional/non-functional business requirements.
  • Build the infrastructure required for optimal extraction, transformation, and loading of data from a wide variety of data sources using SQL and AWS ‘big data’ technologies.
  • Build analytics tools that utilize the data pipeline to provide actionable insights into customer acquisition, operational efficiency and other key business performance metrics
  • Identify, design, and implement internal process improvements: automating manual processes, optimizing data delivery, re-designing infrastructure for greater scalability, etc..
  • Conduct organization-wide training programs to build a thorough understanding of audit requirements within various functions.
  • Interface with other internal teams to extract, transform, and load data from a wide variety of data sources using SQL and big data technologies
  • Work with stakeholders to assist with data-related technical issues and support their data infrastructure needs.
  • Collaborate with analysts, business intelligence engineers, product managers and software teams to identify new features and projects.

Qualifications

  • Bachelors or master’s in computer science, MIS, or Information Management
  • 5+ years of industry experience in data engineering or in a role requiring application of analytic skills to integrate data into operational/business planning
  • Experience in building and optimizing ‘big data’ data pipelines, architectures, and data sets.

Skills / Competence Requirements

  • Proficiency in Python/R or another general-purpose programming language
  • Strong SQL programming and DBA skills in database technologies such as Oracle, MS SQL Server, Azure SQL.
  • Familiarity with statistical models and/or data mining algorithms and practical experience in applying these to business problems
  • Ability to deliver on ambiguous projects independently with incomplete and/or dirty data
  • Strong written and verbal communication skills including an ability to effectively communicate with both business and technical teams

location

Lagos, Nigeria

Job Cateogry

UI/UX Designer

Closing date

27th October 2022

The UI/UX Designer will join a collaborative and innovative team to create visually delightful and easy-to-use digital products in a fast-paced environment. He/ She will be responsible for the user experience (UX) and user interface (UI) design of our various digital products. You will ensure that all elements of the online user experience are optimized for improved usability, usefulness, and exceptional visual design.

Functions & Responsibilities

  • Translate concepts into user flows, wireframes, mockups, and prototypes that lead to intuitive user experiences.
  • Define the visual style and position relative to design guidelines
  • Design and deliver elegant and delightful product experiences as part of a cross-functional Agile product team
  • Track user experience metrics and reports on the success of UX improvements, including analytics.
  • Help the Product Development Lead define both long and short-term vision and roadmap for digital products
  • Conduct concept and usability testing to iteratively validate and improve design solutions
  • Collaborate within and cross-team to problem solve design challenges and maintain a level of design consistency and coherence across
  • Designing UI elements such as input controls, navigational components, and informational components
  • Creating original graphic designs (e.g., images, sketches, and tables)
  • Identifying and troubleshooting UX problems (e.g., responsiveness)
  • Providing advice and guidance on the implementation of UX research methodologies and testing activities to analyze and predict user behaviour.
  • Adhering to style standards on typography and graphic design.

Qualifications

  • Bachelor's Degree in Business, Computer Science, Information Systems, or related field
  • A minimum of 2 years UI/UX design experience for digital products or services
  • Working knowledge of the following technologies and software: Sketch, InVision, Visio, HTML, CSS (SCSS), iOS, Android, Design Systems, and Adobe Creative Suite.
  • Experience in designing banking, financial services, or fintech products

Skills / Competence Requirements

  • A portfolio of professional UI/UX design work for both web and mobile platforms.
  • Multi-tasking and time-management skills, with the ability to prioritize tasks.
  • Strong attention to detail and have a keen eye for aesthetics
  • Excellent written and verbal communication skills and can clearly articulate your ideas, designs, and suggestions
  • A good team player who can collaborate effectively with different stakeholders

location

Lagos, Nigeria

Job Cateogry

Insurance Risk Analyst

Closing date

4th December 2022

Risk Management Division is seeking to recruit an Insurance Risk Analyst in the ERM unit. The successful candidate will be responsible to safeguard the organization, its customers, reputation, assets and the interests of stakeholders by identifying, analyzing and managing all threats to the achievement of its technical performance objectives.

Functions & Responsibilities

  • Developing, implementing and review periodically the overall Insurance Risk Management and Control Framework, Process/Procedure and Risk Appetite
  • Reviewing the underwriting, Claim, Pre and Post loss and recovery processes and activities to provide assurance on the processes and procedures adequacy and efficiency.
  • Recommending changes to insurance policies to improve coverage or reduce costs based on new laws or regulations or changing circumstances in the industry
  • Conducting scenario and sensitivity analysis as required
  • Reviewing the product pricing, premiums vs Loss ratios to ensure profitability targets are met.
  • Working with the Technical Teams to prevent financial losses resulting from technical operations and strategies.
  • Evaluating insurance premiums and rate structures to determine if they are adequate to cover potential losses.
  • Evaluating insurance premiums and rate structures to determine if they are adequate to cover potential losses
  • Reviewing the adequacy of reinsurance arrangements/SLAs and the adequacy of the calculation of the best estimate of the amounts recoverable from reinsurance contracts
  • Assessing the company’s risk profile and underwriting policies.
  • Conducting credit rating and assessment of reinsurers and Co-insurers.
  • Assisting identify risks, including insurance, economic, and financial risks that may affect the company’s short-term and long-term objectives. Develop strategy to response to the identified risks in the most efficient manner.
  • Develops, implements/ monitors implementation of Risk Management and Control Strategies, Risk Appetite, ALCO, ORSA Frameworks etc with respect to insurance risks.
  • Contributing to ORSA report process
  • Preparing detailed activity report as well as statutory, Board/Management Committees and Management risk management report appropriately.
  • Participate in Independent ERM audit assignment.
  • Any other responsibilities as may be assigned by the Head of Department from time to time

Qualifications

  • B Sc. /HND (Insurance, Economics, Statistics, Actuarial Science, or any related Discipline)
  • CIIN, CERA, CRA, MSc. would be an added advantage.
  • Minimum of 6 years’ Experience in financial environment with at least 2 years in Management level with responsibility in Insurance Risk Management and Control.

Skills / Competence Requirements

  • Strategic and analytical thinking
  • Be able to understand complex edicts, regulation guidelines, insurance /Reinsurance products/guidelines, and financial legislation
  • Be able to work with time restraints
  • Effective written and verbal communication
  • Wide and comprehensive risk management knowledge
  • Have expert skills in insurance profession
  • Be able to conduct meetings and presentations skillfully
  • Be detailed and results oriented
  • Be a strong negotiator
  • Superior management, leadership and supervisory expertise
  • Be professional, ethic and objective

Generic Skills

  • Negotiation
  • Presentation

Supervisory Skills

  • General managerial/administration
  • Team building/conflict management
  • Coaching
  • Leadership / Influencing
  • Performance Management