INSURANCE OFFICER AT DAG INDUSTRIES NIGERIA LIMITED

About Company:

DAG Industries Nigeria Limited, We provide the most popular range of Bajaj motorcycles, Bajaj tricycles, Bajaj genuine spares, MRF tyres, DAG lubricants and unfaltering after sales service. Backed by its untiring team of professional and trained technicians, authorized service stations and its own service center, DAG has been instrumental in developing Nigeria through building infrastructure and creating jobs thereby providing a livelihood for the common people in Nigeria. We at DAG are committed to provide genuine spare parts, accessories, and a never failing support to its customers and business associates.

We are recruiting to fill the position below:

Job Description:

• The Insurance Officer is responsible for managing the company’s insurance portfolios, ensuring adequate coverage of assets, operations, digital products, employees, and customers.
• The role focuses on insurance compliance, claims processing, product risk assessment, and partnerships with insurers, especially in a digital/fintech environment.

Responsibilities
Insurance Policy & Portfolio Management:

• Manage and administer all insurance policies covering digital products, customer assets, general business risks, cyber risks, health insurance, life insurance, and asset insurance.
• Ensure timely renewal of all insurance policies and negotiate favorable terms with insurers or brokers.
• Review existing insurance coverage to align with fintech operations such as digital wallets, mobile lending, payment solutions, or asset-backed finance.

Claims Management:

• Coordinate, process, and track insurance claims from initiation to final settlement.
• Verify all claim documentation (incident reports, digital logs, audit trails, receipts, valuations).
• Liaise with insurance providers to ensure prompt resolution and accurate claim payouts.
• Maintain up-to-date records of open, closed, and pending claims.

Risk & Compliance in a Fintech Environment:

• Assess insurance needs for digital financial services, including cyber insurance, fraud protection, device loss/theft, business interruption, and third-party liability.
• Support compliance with financial regulators (e.g., CBN, NDIC, NAICOM) on insurance requirements.
• Collaborate with Risk, Product, and Compliance teams to ensure insurance coverage aligns with new digital product launches.
• Conduct periodic reviews to identify emerging risks in fintech operations and recommend insurance solutions.

Data Analytics & Reporting:

• Maintain a centralized insurance database and ensure proper documentation of all policies, endorsements, and claims.
• Prepare periodic insurance performance reports, cost analyses, and risk exposure assessments.
• Track insurance KPIs such as claims cycle time, premium spend, coverage adequacy, and product-specific risk metrics.

Stakeholder Relationship Management:

• Act as the primary liaison between the company and insurance partners, adjusters, underwriters, and brokers.
• Support internal teams (Finance, HR, Operations, Product) with insurance-related inquiries.
• Work with Finance to reconcile insurance premiums, claims payments, and insurance-related expenses.

Product Support (Fintech):

• Provide insurance risk assessments for digital lending, device financing, transactional risks, or micro-insurance products.
• Support the integration of insurance APIs or digital insurance features into the fintech platform.
• Assist in designing or reviewing micro-insurance offerings for customers where applicable.

Key Performance Indicators (KPIs)

• Timeliness of policy renewals and adequacy of coverage.
• Claims processing turnaround time.
• Reduction of unresolved or disputed claims.
• Cost optimization in premium and insurance spend.
• Compliance with regulatory insurance obligations.
• Quality of insurance risk assessments for fintech products.

Requirements:

Education:

• Bachelor’s Degree in Insurance, Finance, Economics, Business Administration, Actuarial Science, or related field.
• Professional certifications such as CIIN, ACII, ANIS, or related insurance qualifications are a strong advantage.

Experience:

• Minimum 3 – 5 years experience in insurance management, underwriting, claims processing, or risk management within the financial services or fintech sector.
• Experience working with insurance technology, digital risk management, or cyber insurance is a plus.

Skills & Competencies:

• Strong understanding of fintech operations (digital lending, wallets, P2P payments, mobile banking).
• Knowledge of insurance regulations, underwriting standards, and statutory requirements (NAICOM, CBN).
• Proficiency in data analysis and use of digital tools/insurance management systems.
• Excellent communication, negotiation, and stakeholder management skills.
• Strong analytical and problem-solving ability.
• High attention to detail and accuracy.

Salary

Application Closing Date: 08th December, 2025

Application Instructions:

Qualified candidates should send their CV to: Kingsley.o@bajajnigeria.com using the Job Title as the subject of the mail.