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Business and Finance

Employment Opportunities at Mutual Benefits Assurance Plc. (MUTUAL)

Mutual Benefits Assurance Plc. (MUTUAL), has evolved into a conglomerate consisting of value-adding companies with diverse interests in various sectors of the Nigerian economy through investments, strategic alliances and partnerships. Today, MUTUAL is a leading brand in the Nigerian Insurance industry and well-capitalized with a team of highly trained professionals, a respectable Board and access to the International Insurance Market.

MUTUAL is the flagship of insurance in Liberia and also runs a full-fledged insurance operation in Republic of Niger, where we commenced business in January, 2014.

We are recruiting highly experienced professional to fill the position below:

 

Job Title: Head, Internal Control

Location: Ebute Metta, Lagos

Job Description

  • Design, revise or update appropriate internal control, audit & compliance strategy and framework for the bank.
  • Ensure proper documentation, recording and tagging of the company’s fixed assets.
  • Liaise with external auditors
  • Makes financial control-related recommendations on specific major projects or plans.
  • Ensure that credit facilities to any customers or group of customers are in line with the regulatory guidelines; clearly defined internal policies and debt service capability.
  • Monitoring of conditions subsequent to draw down for timely detection of documentation deficiencies.
  • Ensure that all credits have been approved in accordance with the credit policy.
  • Ensure that all pre-disbursement conditions have been met.
  • Ensure that all collateral documents are properly kept and perfection carried out.
  • Review approved credit for quality, performance and compliance with approved terms & condition in the credit policy. Ensure all credit are approved in accordance with the credit policy and any regulatory guidelines. prompt escalation of any deficiencies noted
  • Carry out spot checks on loan customers to verify due diligence done prior to draw down
  • Identify all non performing accounts and pursue workout strategies in collaboration with loan officers
  • Ensure that limits are monitored.
  • Ensure that income, fees, maturing repayment & other charges are captured.
  • Detection and escalation of un-authorized credit.
  • Implementation of policy driven credit related sanctions.
  • Preparation of exception report as required.
  • Custody and maintenance of credit files.
  • Ensure that a review of the portfolio is carried out on a quarterly basis
  • Ensure that appropriate recommendations are implemented such that the desired level of credit quality and performance are attained and sustained.
  • Take necessary measure to ensure adequate quality assurance in operation i.e. call over. General ledger proofing/ reconciliation, integrity test, departmental control etc.
  • Ensure proper verification of expenses before processing and disbursement of funds.
  • Track bank deposits and payments
  • Ensure compliance on report rendition to regulatory bodies.
  • Ensure compliance to the bank rules, policies, and regulations.
  • Review of the statutory returns to regulatory authorities and government agencies to ensure accuracy and timely rendition.
  • Customers’ visitation for random deposit verification.
  • Review the accuracy and reliability of financial transaction records – cash deposits, cash withdrawals, treasury bills investments, fixed deposits, and funds transfer.
  • Involve in the thorough review of the bank’s accounting software, applications, digital platform and authorizations or permissions for efficiency.
  • Reviewed customers’ account opening documents for compliance with Know Your Customer (“KYC”) policy and anti-money laundering requirements.
  • Ensure compliance with the bank’s policies and conduct daily, weekly and monthly General Ledger (GL) review for reconciliation.
  • Conduct sweep exercise and spot check on tellers and account officers.
  • Schedules and plans audits; initiates project planning, assess risk and develops audit direction.
  • Performs preliminary planning and establishes direction for audits, provides leadership to assigned auditors, manage project to quality outcomes, while meeting established time budget.
  • Carry out spot checks on operational activities at branch, area and regional levels and take action on infractions or non-compliance issues.
  • Conduct periodic checks on payroll.
  • Ensure that prompt investigation of frauds, forgeries, breach of policies and procedures and serious customer complaints are conducted and ensure necessary action is taken on the outcome.
  • Make recommendation for policy amendments based on emerging issues in audit and internal control.
  • Takes responsibility for the training, coaching and mentoring of subordinates
  • Perform other duties and responsibilities, as may be assigned by the Managing Director or by the Board.

Qualifications

  • A good Bachelor’s degree/HND in Accountancy, plus Relevant professional qualification such as ICAN, CIBN, etc. MBA or M.Sc. will be added advantage.
  • Minimum of 7 – 10 years relevant experience in a reputable firm preferably in the Financial Services Industry, Experience in a microfinance bank setting in related role is an added advantage.
  • Experience in reporting to a Board/Board Committee.

Skills & Knowledge:

  • Proficiency in Microsoft Excel and other Microsoft office programmes
  • Knowledge of relevant accounting packages
  • Knowledge of best practices in internal control and audit
  • Knowledge of existing regulatory framework
  • Excellent reporting skills
  • Strategic thinking
  • Managerial and leadership skills
  • Firmness
  • Good oral and written communication skills
  • Integrity
  • Flair for details
  • Team-building skills
  • Skill in examining and re-engineering operations and procedures, formulating policy, and developing and implementing new strategies and procedures.

 

How to Apply
Interested and qualified candidates should:

Click here to apply online

 

Job Title: Marketing Manager

Location: Lagos, Nigeria

Job Description

  • Generating new businesses and increasing underwriting profit
  • Ensure profitability by sourcing non-toxic businesses and meeting both individual and group targets
  • Develop strategies to achieve not less than 85% renewal collections
  • Market the company’s General Insurance products and collect premiums.
  • Play leading role in the achievement of set production targets for the year.
  • Create a favorable working environment for the marketing team.
  • Collaborating with the Head, Corporate Marketing to establish and execute a sales goal/target.
  • Ensuring that quotations, delivery of claims cheques and other document are attended to promptly.
  • Counsel, train and guide direct reports to drive organization plans for achieving sales goal.
  • Train marketing team with strategies and drive performance through regular weekly meetings.
  • Assisting team members in their techniques for better sales performance.
  • Maintains and expands customer base; building and maintaining rapport with key customers and identify new business opportunities.
  • Developing specific plans to ensure growth both long and short-term.
  • Review sales pipeline and performances regularly.
  • Prepare and send error-free weekly, monthly and quaterly report on sales performance to Head, Corporate Marketing

Qualifications

  • Minimum of B.Sc. / HND in Marketing, Insurance or any other related discipline.
  • Master Degree will be an added advantage.
  • Relevant professional membership and certification in Insurance and Marketing will be an added advantage.
  • 8 years and above sales/marketing manager experience in the insurance industry.
  • Credible track records in sales of general insurance product is essential
  • Leadership skills and ability to drive team performance
  • Result-oriented
  • Good communication skills.
  • Excellent presentation skills
  • Drive to succeed

Additional Information:

  • Candidate should be a resident of Lagos.

 

How to Apply
Interested and qualified candidates should:
Click here to apply online

 

Job Title: E-Commerce Executive

Location: Lagos, Nigeria

Job Description

  • Devising strategies that harness sales-related insights, prevailing standards, and novel developments to encourage sales in our online platforms/digital channel
  • Creating frameworks that transform our social media sites into highly profitable platforms
  • Creating promotional offers and checking to see that these are uploaded precisely.
  • Create, edit and upload product photography and descriptions to the e-commerce platform and review from time to time based on customer experience and feedback.
  • Act as primary point of contact for online and mail order customers.
  • Answering phone and email enquiries, resolving complaints and processing customer request in an efficient and timely manner.
  • Minimize potential loss by maintaining a high level of awareness and alertness.
  • Generating new businesses and ensuring renewable businesses are renewed through our online platform/digital channel.

Qualifications

  • Minimum of Bachelor’s Degree / HND in Marketing; 2.1
  • 3-5 years’ experience as an e-commerce/digital marketing personnel
  • Applicant must have relevant certification in sales or e-commerce marketing
  • Applicant must be computer literate especially in use of MS suite.
  • Applicant must be very versatile and highly active on all social media platforms and must have credible track record of insurance e-commerce
  • Applicant must have advanced knowledge of general and life insurance business as well as insurance industry regulations.

Additional Information

  • Sound knowledge of prevailing procedures and techniques in e-commerce.
  • Confident and dynamic personality.
  • Strong creative outlook.
  • Self-motivated with strong leadership and team player skills
  • Knowledgeable of retail service industry preferred
  • Applicant must be knowledgeable about relevant trends and innovations in e-commerce
  • Ability to work on a team and lead projects
  • Excellent organization skills
  • Unmatched supervision, research, and troubleshooting skills.
  • Exceptional consulting and quality assurance abilities.
  • Ability to tackle the demands of ever-evolving technology with ease
  • Required proficiency with desktop applications including Microsoft PowerPoint, Excel, Word, etc.
  • Good command of English
  • Ability to work in a fast pace environment with limited resources.

 

How to Apply
Interested and qualified candidates should:
Click here to apply online

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