Insurance Principal Officer Jobs – Opportunity Bank

Job Title:        Insurance Principal Officer
Organisation: Opportunity
Duty Station: Kampala,
Reports to: Chief
Relationship Officer
About US:
Opportunity Bank Uganda Ltd (OBUL) is a member of Opportunity
International, a global microfinance institution that provides access to
financial services in 27 Countries globally serving over 2 Million customers
with Savings, Credit and other transformational services aimed at transforming
the lives of low income earners.
Job Summary: The Insurance
Principal Officer will support the application process of the agency license to
the regulator and create opportunities for the creation and growth of Insurance
in the business.  The role will encompass
regulatory and compliance management, liaison with Insurance company/s,
management and achievement of insurance objectives as agreed with the Line
Manager, i.e driving and achieving sales targets, management of the insurance
portfolio to ensure customer book growth, if required, management of post-sale
processes such as queries, premium collections, lapsing, system operations and
claims. The person must be well versed in local Insurance regulations,
confident and excellent in oral or written communications and have
self-discipline and drive to build the insurance division to a successful
business unit.
Key Duties and Responsibilities:
  • Successful submission and adherence to all
    regulatory requirements by the local regulator
  • Tasked with planning, implementation and
    maintenance of compliance and risk frameworks, and activities and
    structures within business required to ensure compliance.
  • Manage insurance products (implementation,
    operations, sales, claims)
  • Manage insurance structure as agreed with
    the line manager
  • Deal complaints and queries related to
  • Deliver against sales and profitability
  • Drive sales campaigns, advertising as

Qualifications, Skills and
  • The applicant for the Insurance Principal
    Officer job placement must hold a Bachelor’s degree and working experience
    in insurance in the areas of underwriting, claims, finance or regulation
    of at least four years or a Bachelor’s degree and a diploma in insurance
    from the Chartered Insurance Institute of the United Kingdom or a similar
    institute and has working experience in insurance matters of at least two
  • Continued professional development
  • Financial literacy skills
  • Basics of long term insurance
  • No previous or current convictions
  • Candidates currently approved as Principal
    Officers by the IRA will be preferred
  • Conversant with the local Insurance
    regulations, confident and excellent in oral or written communications and
    have self-discipline and drive to build the insurance division to a successful
    business unit.
  • Good report writing skills
  • Excellent problem solving skills
  • Interpersonal skills
  • Conflict handling skills
  • Regulatory compliance
  • Technology driven
  • Advanced MS Office skills
  • Implementation of marketing strategy
  • Sales distribution
  • Staff management
  • Collection management
  • Experience in liaising with partners and
  • Ability to report to management and the
Note: It is a regulatory
requirement that the IRA approves the appointment of all Principal
Representatives / Officers. Therefore, the selected candidate’s employment will
be subject to the outcome of the IRA’s approval process. In the event that the
selected candidate does not meet the fit and proper requirements of the IRA,
such person will be prohibited from acting as the Principal Representative /
Officer under any licence issued by the IRA.
How to Apply:
All suitably qualified and interested candidates should send their
signed application letters together with their resume not later than to;
The Human Resource Manager
Opportunity Bank Uganda
P.O. Box 33513
Plot 7a, John Babiiha Avenue
Kampala. Uganda
Deadline: 21st December

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