Senior Manager Operation Control Orient

Job descriptionAbout the jobTh duties and resposibitlities for this role are1. Internal ControlsReview the existing internal controls and updates them when necessary to meet the changing business requirements and commercial needs and ensures that operational and financial transactions are properly validated and authorised as per policies in the current system design.2. Operational Financial Checks Perform adequate sampling of various transactions and ensures that the internal controls are in place as per systems and procedures already evaluated. The the departments in the Head Office Branch offices and Agency will be areas of key focus in such compliance review. Some of the specific issues that will be addressed in performing operating I financial checks areUnderwriting Cover Note Control Underwriting authorities and limits DOA Policy Renewals Cover terms conditions and warranties Premium I refund premium calculations RI restrictions allocations and returns Agents brokers agreements and commission expenses.Claims Timely registration of claims adequacy of provisions outstanding claims review claims processing RI claims procedures speedy recovery of Salvage and Third Party claims and cases subject to time bar.Finance Evaluation of cash controls and premium Receivable management.3. IT Systems and ControlsReview the IT systems for a systems check on program integrity and data integrity. Any new changes to IT system resulting from changing business needs or for improvements will be jointly coordinated by the IT personnel with the jobholder to ensure that they follow systems controls. Identify the business requirements in consultation with the line managers and the IT coordinator and ensure that the required data is captured in the system.4. Management Information Ensure that information related to the functioning of the activities and business lines are adequate for decision making by the line managers. He interprets commercial objectives and checks whether the MIS reports needs enhancement for better decisions. Review the MIS reports in the IT system and ensure they are accurate and satisfy the business needs.5. Business FunctionsClosely monitor interact with and support the branches and departments in speeding up disposal of salvages and third party recoveries which in turn drastically improve the value of the salvages result in improved cash flow and better results. Check the esure that sufficient claim provisios are made in the system. Verification of commission payments to development staff . Verification of all the cheque payments made in the head office and signs the cheques as one of the authorized signatories. Preparation of important MIS reports for treaty renewals and other management decicion making.6. Training Impart continuous training to Managers and staff members on all the issues relating to the set procedures and control in the company.7. Special assignments To carry our an objective and regular investigation of irregularities if any identify the loss sustained andand the weaknesses which led to its occurence and provide suggestions to prevent recurrence. To carry our such other assignments given from time to time.About youTo be successful in winning this role the candidate should possess the following qualificationsGraduate with Bachelor's Degree or Master's Degree in CommerceA qualified Chartered Accountant.Must have at least 810 years of work experience in an Insurance Industry 4 years of which have been in a managerial capacity.P more...

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