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Insurance Operations Coordinator
2 weeks ago
About the Role
The Islamic Development Bank is seeking a highly skilled and motivated individual to fill the position of Insurance Operations Coordinator. The successful candidate will be responsible for supporting the Underwriting team in managing policies' administrative processes, including issuing policy amendments, endorsements, loss payees, credit limit approvals, and other tasks.
Key Responsibilities:
- Support the Underwriter in managing policies' administrative processes, including issuing policy amendments, endorsements, loss payees, credit limit approvals, and other tasks.
- Prepare summary of credit information reports, sector reports, and financial statement summaries to be used by the underwriter.
- Coordinate with concerned teams to receive KYC and compliance clearance.
- Attend due diligence meetings and provide summary of information gathered.
- Follow up on NPLs in coordination with Claims and Recovery to manage all aspects of outstanding claims and reflect accurate NPL and claim amounts in the IT system.
Requirements:
- Field of Study: Finance, Business Administration, Banking or Management Information Systems (MIS)
- Academic Qualifications and Relevant Experience: 2 Years of Experience Bachelor Degree holder
- Nature of Experience: Prior experience in Finance, Business Administration, Banking or Management Information Systems (MIS) preferably in the IsDB Group or Export Credit Insurance
- Professional Certifications (as added advantage): Credit Insurance, Credit Risk Management, Credit Law, Business Analysis
- Business Language Skills: Good command of written and spoken English is essential, additional languages such as Arabic and/or French will be an added advantage
