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Published on: 30 June, 2022

Application Deadline: 06/07/2022

Vacancy: N/A

Head of Group Insurance

Job Responsibilities :

• Leading Group Insurance for the definition of the insurance needs of the business, whilst complying with the Group Insurance Management Policy
• Defining the insurance strategy for the company, with the aim of ensuring optimal risk allocation to the market, complying with regulatory and contractual arrangements whilst minimizing overall “cost of risk”.
• Ensuring the procurement of the best value insurance coverage and related services at the best prices for both Global and Local Insurances
• Effectively managing all the activities related to insurance programmers and contracts, and ensuring control over insurance documents issuances, and document evidence compliance
• Regular product related reporting to business and internal stakeholders
• Managing insurance claims and managing relations and communications with the insurance companies, insurers’ engineers, and loss adjusters
• Ensures timely communication and response to inquiries from employees and employed groups
• Ensures that benefits, premium rates, effective dates of coverage selected by new groups are correctly reflected in the enterprise system of the company. This applies to both new groups and renewing groups
• Establishes and maintains departmental performance standards and ensures timely reporting of these departmental performances
• Provides adequate reporting to management as to the performance of Insurance Administration
• Analyze end to end journey of Group Life and Health and suggest mitigations required to grow the business
• Responsible for administering claims in a manner that conforms to the insurance policy(ies) provisions of contracted insurance carriers

Educational Requirements :

• MBA/Masters from reputed public/private university
• Dhaka University, Jahangirnagar University, Jagannath University, BRAC University, North South University, East West University will get preference
• Candidate should have strong knowledge in Bancassurance

Experience Requirements :

• At least 10 year(s)
• The applicants should have experience in the following business area(s):
  Life Insurance

Additional Requirements :

• Age at least 40 years
• Applicant should have experience in the financial companies in the National and global context
• Job experience at least 05 years in the insurance industries in home and abroad will get preference
• Excellent verbal and written communication skills
• Excellent interpersonal negotiation and conflict resolution skills
• Excellent organizational skills and attention to detail
• Strong analytical and problem-solving skills
• Strong financial products process and regulation knowledge
• Ability to prioritize tasks and to delegate them when appropriate
• Ability to act with integrity, professionalism and confidentiality
• Thorough knowledge on employment-related laws and regulations
• Proficient with Microsoft Office Suite and related software
• Creativity & Innovation
• Hard working, proactive & ability to work under pressure

Salary : Negotiable

Chief Financial Officer (CFO)

Job Responsibilities :

• Maintaining and preparing fund management, financial planning, budget preparation, treasury management, investment management etc.
• To communicate with & assist the external auditors (including special & internal auditors), Tax authority, IDRA & any statutory bodies
• Implement proper reporting system for controlling and monitoring of all financial transactions
• Ensure all regulatory compliance relating to Insurance act, company act, income tax, VAT etc.
• To stewardship cash balance & cash forecasting report preparation & presentation
• To make report on risk factors in operation
• Performing for anti-money laundering activities

Educational Requirements :

• Masters degree in any discipline
• Post Graduation / MBA from reputed University with FCA/FCMA, ACA/ACMA, CA (CC)

Experience Requirements :

• At least 15 year(s)
• Must have experience as CFO at life Insurance
• The applicants should have experience in the following area(s):
  Budgetary Control, Finance/ Accounts, Planning and budget
• The applicants should have experience in the following business area(s):
  Life Insurance

Additional Requirements :

• Age at least 40 years
• Hard working, proactive & ability to work under pressure
• Must have Computer literacy for performing digitally
• Must have proper knowledge in accounting software
• Proficiency in English

Salary : Negotiable

Jobs Source: online

Apply Instruction

Interested candidate’s who meets the above requirements can submit application and CV to the HRD & Admin Division, Padma Islami Life Insurance Ltd.
PADMA LIFE TOWER, 115 KAZI NAZRUL ISLAM AVENUE , DHAKA -1000

Application Deadline : 06/07/2022
Web : www.padmaislamilife.com

Company Information