I & M Bank Jobs in Kenya

1. I & M Bank Medical Underwriting Officer Jobs in Kenya - Ref: MUWO/2/2017

I&M Bank, a regional Bank with a fast growing branch network around the country, is seeking to fill in the following position in Bancassurance department.

Purpose:] To develop and maintain effective and sustainable medical insurance business promotion, marketing strategies and retention. To keep incomes at acceptable levels while ensuring high business retention.

Key Accountabilities / Functions

The Incumbent will report to the Head-Bancassurance and will be responsible for:
• Identify business opportunities in medical insurance
• Formulating in consultation with Business Development Manager medical insurance products and services
• Handle new business quotations and follow up.
• Liaise with underwriters to ensure renewal notices are dispatched promptly
• Organize renewal/review meetings with insurers and clients.
• Ensure renewal of existing covers/businesses.
• Maintain close liaison with underwriters to enhance customer service and satisfaction
• Conducting market intelligence to keep abreast of development in the insurance industry.
• Conduct member education, sensitization and health talks for schemes in our books.
• Advise clients on admission procedures.
• Update members on insurer service providers.
• Respond to day today inquiries on client queries.
• Ensure premiums are paid at inception of cover.
• Participate in training branch staff on medical insurance products.
• Participate in marketing other Bancassurance products.

Competence Requirements:
• Ability to network in the insurance industry
• Ability to identify risks and offer solutions in products development
• Excellent underwriting skills
• Knowledgeable in underwriting risks
• Ability to make logical, rational and sound judgment.

Academic Qualification
• University degree in Insurance, Marketing or Business related.
• Master’s degree will be an added advantage.

Proffessional Qualifications
• Diploma in insurance –ACII or IIK
• Certificate of Proficiency in insurance- COP
• At least three years’ experience in medical insurance underwriting.

If you believe you meet the above requirements, send your application together with a comprehensive curriculum indicating your qualifications, present position, contact and names of three referees.

Your application should reach the below address on or before 25th February 2017. Please quote the reference number followed by the position applied for in the application

The General Manager-Human Resources
I&M Bank Limited
I & M Tower, Kenyatta Avenue
P.O Box 30238 – 00100, Nairobi

Or

email: recruit@imbank.co.ke (preferred)

For more information and job application details, see; I & M Bank Jobs in Kenya

2. I & M Bank Custody Services Operations Officer Jobs in Kenya - Ref: CSOO/2/2017

I&M Bank, a regional Bank with a fast growing branch network around the country, is seeking to fill the following Officer position in Investment Management Services department.

Job Summary:
The incumbent will be charged with supporting the growth and development of IMS related products and services as well as effectively and efficiently managing the customer instructions and accounts within the framework of standard operating procedures.

Purpose:

Processing of equity settlement in line with laid down procedures and all regulatory requirements.

To carry out Money Market Settlements and General Banking activities in line with laid down procedures and all regulatory requirements.

Process primary market Treasury Bonds and Treasury Bills tenders and settle successful bids on value date.

Perform the day-to-day corporate actions’ processing in respect to processing of mandatory, voluntary corporate actions events and Proxy Voting including the timely dissemination of information to clients and disbursement of income proceeds.

Carry out Payment and General Banking activities in line with laid down procedures and all regulatory requirements.

Perform reconciliation of accounts and control activities in line with laid down procedures and all regulatory requirements.

Carry out billing process as per laid down procedures.

Key Accountabilities / Functions

Equity Settlement

To process client instructions promptly on receipt

Pre-matching of Trade transactions with Brokers & Exchange / ensure daily reconciliation before market deadlines/ ensure that negative affirmation are sent to exchange/broker within the stipulated deadlines. Escalate any transactions that may cause trade failure.

To ensure that all Client requirement/communication/ queries are responded within 2 hours of receipt. Holding response to be sent in case the final

response requires further investigation.

Immobilisation of Securities

Money Market Settlements

To process client instructions promptly on receipt.

Confirm successful bids with the Central Bank of Kenya and advice Clients

To monitor funds are received and credited to client’s cash account on timely manner to avoid any failed trade related to equity or bond settlement. Escalate promptly.

Ensure prompt processing of clients term/ call deposit instructions and dispatch of deposit certificates to clients on receipt.

Ensure pro-active management of client trades to reduce the chances of failure of client instructions.

Ensure correctness of entries with respect to funding, proceeds and tax liabilities thereof to the Client(s) cash accounts.

To ensure that all Client requirement/communication/ queries are responded within 2 hours of receipt. Holding response to be sent in case the final response requires further investigation.

Corporate Actions Processing

To ensure that information relating to Corporate Action announcement is captured accurately complete and timely in Innova and sent to clients.

To ensure that for all corporate actions events and especially those related to voluntary / with options are processed in a timely, complete and accurately manner and released to clients / depository respectively within agreed SLA and before market deadlines.

To ensure monitoring for receipt of Corporate Action entitlements and where required pro-actively follow-up with the companies to ensure receipt of client entitlements on or before due date.

To ensure all cash and securities proceed are reconciled and processed on timely manner and cash proceeds are credited to client’s account upon cheques clearance or receipt of RTGS.

Payment and General Banking activities

Processing of payment instruction on timely manner (cheques/ RTGS/ Book transfers)

Banking of client cheques for clearing and uplifting to clients’ accounts on clearing.

To ensure that all Client requirement/communication/ queries are responded within 2 hours of receipt. Holding response to be sent in case the final response requires further investigation

Reconciliation of Accounts/ Control & Admin Process/ Billing

To review all reconcilable accounts on a daily basis and complete reconciliations of the same by 12 noon. Ensure timely resolution of outstanding items within the agreed age limit.

To carry out monthly reconciliations of CBK holdings.

To receive client instructions and carry out call back where required and distribute the same to the respective team members.

Account opening process; Innova/ Central Depositories (CDSC/ Central Bank of Kenya).

Filing of Documents and Archival.

Calculate billing as at end of every month and send invoices to clients

Pass all accounting entries for all fees received.

Qualifications and Competency Requirements

A bachelor’s degree in any business related field

At least three year Banking or relevant experience

Good working knowledge capital markets regulatory requirements

Have a good understanding of all settlement related functions

High level of accuracy and attention to detail

Excellent time management skills & proactive in all aspects

Must be able to perform optimally under pressure and with strict deadlines

Ability to learn new systems fast

Resilience and drive

Experience in reconciliations will be an added advantage

If you believe you meet the above requirements, send your application together with a comprehensive curriculum indicating your qualifications, present position, contact and names of three referees. Your application should reach the below address on or before 25th February 2017. Please quote the reference number followed by the position applied for in the application

The General Manager-Human Resources
I&M Bank Limited
I & M Tower, Kenyatta Avenue
P.O Box 30238 – 00100,
Nairobi

Or

email: recruit@imbank.co.ke (preferred)

Only short listed candidates will be contacted.

Canvassing will lead to automatic disqualification.

For more information and job application details, see; I & M Bank Jobs in Kenya

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