INSURANCE OFFICER AT DANGOTE INDUSTRIES LIMITED | INSURANCE OFFICER JOBS IN LAGOS

About Company:

Dangote Group is one of Nigeria’s most diversified business conglomerates with a hard – earned reputation for excellent business practices and products’ quality with its operational headquarters in the bustling metropolis of Lagos, Nigeria in West Africa.

Job Description:

• This role is responsible for creating, managing, and administering the appropriate insurance risk strategy aimed at protecting WAEP's assets and business operations, specifically focusing on the recommissioning and start-up phase of the offshore facility.
• The incumbent ensures full compliance with NUPRC, NAICOM, and Joint Venture (NAPIMS/NNPC) requirements and also actively manages thenon-motor portfolio including Energy Package/Industrial All Risks, Marine, and liabilities.
• The role will be expected to have a good understanding of Insurance industry practices and possesexcellent interpersonal relationship in day-to-day business dealings with all stakeholders including WAEP staff, brokers, underwriters, marine superintendents, and loss adjusters.
• The role shall ensure our premium payments are processed timely and there in no gap in cover.

Key Responsibilities

• The Insurance Officer will manage the end-to-end insurance process, covering Placement, Claims, and Compliance.
• Risk Identification and Coverage: Identify the risks inherent in WAEP's recommissioning and production operations and ensure adequate, prudent insurance coverage for each identified risk.
• Negotiation & Review: Review, negotiate, and ensure that sum insured, clauses, exclusions, and other policy items/conditions are in order during placement, aiming for cost optimization without compromising coverage
• Policy Documentation: Review Policy documents for accuracy, correctness, and adherence negotiated terms (e.g., Territorial Scope, Deductibles, Limits)
• Reinsurance Compliance: Secure and document WAEP's allocation across NAICOM-licensed local insurers and ensure all local statutory requirements relating to insurance are complied with
• Contractual Review: Review and advice on contractual provisions relating to insurance in any WAEP contracts, including those with contractors and service providers.
  JV Alignment: Liaise with Joint Venture partners (NAPIMS/NNPC) to ensure insurance strategies and implementation on jointly owned assets are aligned with Joint Operating Agreements
• Claims Notification: Ensure timely notification of claims to brokers/insurers upon receipt from business units (target: within 7 days)
• Claims Substantiation: Vet all claims processing documents for proper substantiation and ensure collation of all required claims documents
• Liaison and Follow-up: Follow up with claims adjusters, brokers, and insurers to ensure timelysettlement of all claims
• Marine & Transit: Issue, receive, and dispatch all marine certificates and ensure monthly reconciliation of Marine/GIT declarations
• Premium Management: Prepare and follow up on premium payments upon receipt of debit notes, ensuring timely payment of insurance premiums to prevent any gap in cover
• Policy Record: Update payment and claims schedules regularly
• Risk Mitigation: Provide support on the identification of likely and actual insurance risks that may impede business strategy, ensuring timely and appropriate risk mitigation/transfer

Requirements:

• Education: BSc/HND in Insurance, Law, risk Management or other related field
• Experience: 5 -7 years in a similar position within the oil & gas industry or in an insurance or insurance broking firm. Minimum of 3 - 5 years in oil & gas/energy sector or Special Risks insurance programs is highly desirable.
  Certification: Membership of the Chartered Insurance Institute of Nigeria (CIIN) or equivalent
  would be an added advantage

Salary

Application Closing Date: Not specified

Application Instructions:

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