Team Member, Insurance at United Bank for Africa Plc (UBA)


  • UBA’s has more than 65 years of providing uninterrupted banking operations dating back to 1948 when the British and French Bank Limited (“BFB”) commenced business in Nigeria. BFB was a subsidiary of Banque Nationale de Crédit (BNCI), Paris, which transformed its London branch into a separate subsidiary called the British and French B…

    Read more about this company


    Team Member, Insurance

    • Job Type Full Time
    • Qualification BA/BSc/HND , MBA/MSc/MA
    • Experience
    • Location Lagos
    • Job Field Insurance&nbsp

    Job Objective

    • Bank-wide insurance coverage of all bank assets insurable risks at optimal cost.
    • Prompt processing of insured risks claims.

    Roles & Responsibilities
    Insurance Underwriting:

    • Reviewing and updating Corporate Insurance Policies to reflect best practices & reduce cost.
    • Placing on cover (through the broker) of all assets and insurable risks.
    • Ensure all vehicles under the bank’s sinking fund scheme are promptly placed on 3rd party cover with the underwriters

    Insurance Claim Processing:

    • Ensure all insured loss incidents are reported promptly to the underwriters through our brokers.
    • Ensure all documents required for successful insurance claims are obtained from relevant business offices and head office departments, reviewed and forwarded promptly to the lead underwriter through the insurance broker.

    Insurance Administration:

    • Maintenance of insurance claims log – losses reported, claims pending full documentation, claims pending offer and discharged claims awaiting settlement by underwriters.
    • Liaise with brokers/ business offices/ head office departments to ensure loss adjusters receive the required cooperation and documents promptly.
    • Ensure outstanding offers and cheques are received promptly by ensuring broker follows up vigorously with the underwriters.
    • Monthly Reconciliation / Proofing of insurance GLs including reconciliation of sinking fund records with statements from the fund manager.
    • Processing of claims made under the Insurance sinking fund scheme (TAT is 5 days)  Maintenance of quality filling system and record keeping.
    • Any other duties as may be assigned by the Supervisor.

    Job Requirements
    Education Requirements:

    • First degree in any related field.
    • Possession of relevant masters degree / Professional certification will be an added advantage.


    • None.

    Method of Application

    Interested and qualified? Go to United Bank for Africa (UBA) on to apply

    Note: Never pay for any training, certificate, assessment, or testing to the recruiter.

  • Visit MyJobmag to Apply