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Job Vacancies at Madison Life Insurance Zambia

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Madison Life Insurance Company Zambia Limited (MLife) is one of the leading and rapidly growing Life Insurance institution in Zambia. Its business focus is Life Insurance products. MLife has a branch network spread throughout the major cities in the Country with the Head Office based in Lusaka.

Do you have what it takes to join one of Zambia’s largest insurance institution? The Company invites applications from suitably qualified and experienced individuals to fill in the following vacant positions;

 

1. Position :  Manager – Micro Insurance & Corporate Marketing

Location :  Kitwe Branch

 

KEY QUALIFICATIONS, QUALITIES & ABILITIES

  • Full grade twelve certificate with at least merit in Mathematics & English.
  • A Bachelor’s Degree in Insurance or Business related studies or equivalent.
  • Advanced Diploma in Insurance from a reputable institute or pursuing advanced CII Diploma.
  • A professional qualification in Marketing would be an added advantage.
  • At least 5 years’ experience in the Insurance Industry
  • Technical Knowledge of Group Risks Business, Pensions, and Micro Insurance.
  • Excellent interpersonal skills and good negotiator and Marketer.
  • Good Client relationship management,
  • Trustworthy, confident and diligent with high level of integrity.
  • Flexible – willing to travel/work extra hours when required.
  • Ability to think outside the box and creative
  • Effective organizational skills
  • Ability to plan and formulate strategies
  • Ability to implement strategies by using or adapting tactics
  • Ability to drive and inspire
  • Interest in and awareness of markets and financial implications
  • Quick decision-making abilities and result oriented.
  • Ability to identify market segments, niches, and potential markets
  • Thorough knowledge of competitors’ products and services
  • Ability to withstand criticism and irritated people
  • Valid Driving License a must.

 

KEY RESPONSIBILITIES

The core functions of the job are as follows:

  • Marketing of Group Risk Insurance Schemes, Pension Schemes and Microinsurance and Bancassurance Products.
  • Achieve new business budget as set in the strategic Planning set targets.
  • Conducting research on the product needs of the clients.
  • Design and develop new products as the market demands.
  • Product distribution and networking.
  • Conducting surveys on the performance of the company products and provide advice to management accordingly.
  • Having the in depth knowledge of the competitors product offering and market initiatives.
  • Liaising and ensure that there is harmonized relationship with clients and intermediaries i.e. Agents and Brokers.
  • Executing and coordinating marketing strategies.
  • Keeping the Departmental expenses within Budget.
  • Provision of quotations within 48 hours of receipt of required information.
  • Monitoring and arranging the distribution of promotional materials, advertising and campaigns
  • Attending and organizing sales promotional events and exhibitions.
  • Supervising of subordinates effectively and efficiently.
  • Ensure collection of Microinsurance and corporate business premiums within the debt collection days of 30 days.
  • Achieve business retention of 95% of each product line.
  • Organize and attend marketing activities i.e. Training workshops, Trade Fairs and others.
  • Formulate and documenting all group business marketing procedures and processes.
  • Ensure quality insurance underwriting and claims management by adherence to Policy Terms and Conditions.
  • Timeliness, accuracy, completeness and quality of daily, Weekly, Monthly and Quarterly Reports as required.
  • Timeliness meetings and quick auctioning on agreed matters.
  • To ensure full ITC automation of Microinsurance business.
  • Ensure general control and security environment as evidenced by Reports from Internal Audit and External Auditors plus compliance with regulation.
  • Ensure work coordination with other Departments within the Company,
  • Training of subordinates and other Partners.
  • Any other duties as assigned.

 

2. Positions (2) :  Assistant Manager – Micro Insurance & Corporate  Marketing

Location : Lusaka – Head Office

KEY QUALIFICATIONS, QUALITIES & ABILITIES

  • Full grade twelve certificate with at least merit in Mathematics & English.
  • A Bachelor’s Degree in Insurance or Business related studies or equivalent.
  • Diploma in Insurance from a recognized Institute or pursuing CII Diploma.
  • A professional qualification in Marketing would be an added advantage.
  • At least 3 years’ experience in Insurance Industry
  • Technical Knowledge of Group Risks Business, Pensions, and Micro insurance.
  • Excellent interpersonal skills and good negotiator and Marketer.
  • Good Client relationship management.
  • Trustworthy, confident and diligent with high level of integrity.
  • Flexible – willing to travel/work extra hours when required.
  • Ability to think outside the box and creative
  • Effective organizational skills
  • Ability to plan and formulate strategies
  • Ability to implement strategies by using or adapting tactics
  • Ability to drive and inspire
  • Interest in and awareness of markets and financial implications
  • Quick decision-making abilities and result oriented.
  • Ability to identify market segments, niches, and potential markets
  • Thorough knowledge of competitors’ products and services
  • Ability to withstand criticism and irritated people
  • Valid Driving License a must

 

KEY RESPONSIBILITIES

 

The core functions of the job are as follows:

 

  • Marketing of Group Risk Insurance Schemes, Pension Schemes and Microinsurance and Bancassurance Products.
  • Achieve new business budget as set in the strategic Planning set targets..
  • Conducting research on the product needs of the clients.
  • Design and develop new products as the market demands.
  • Product distribution and networking.
  • Conducting surveys on the performance of the company products and provide advice to management accordingly.
  • Having the in depth knowledge of the competitors product offering and market initiatives.
  • Liaising and ensure that there is harmonized relationship with  clients and intermediaries i.e. Agents and Brokers
  • Executing and coordinating marketing strategies.
  • Keeping the Departmental expenses within Budget.
  • Provision of quotations within 48 hours of receipt of required information.
  • Monitoring and arranging the distribution of promotional materials, advertising and campaigns
  • Attending and organizing sales promotional events and exhibitions.
  • Supervising of subordinates effectively and efficiently.
  • Ensure collection of Micro insurance and corporate business premiums within the debt collection days of 30 days.
  • Achieve business retention of 95% of each product line.
  • Organize and attend marketing activities i.e. Training workshops, Trade Fairs and others.
  • Formulate and documenting all group business marketing procedures and processes.
  • Ensure quality insurance underwriting and claims management by adherence to Policy Terms and Conditions.
  • Timeliness, accuracy, completeness and quality of daily, Weekly, Monthly and Quarterly Reports as required.
  • Timeliness meetings and quick auctioning on agreed matters.
  • To ensure full ITC automation of Microinsurance business.
  • Ensure general control and security environment as evidenced by Reports from Internal Audit and External Auditors plus compliance with regulation.
  • Ensure work coordination with other Departments within the Company,
  • Training of subordinates and other Partners.
  • Any other duties as assigned.

If you think that you meet the above requirements, you are invited to submit your cover letter and CV electronically to the Assistant Human Resource Manager to jobs@mlife.co.zm. Closing date is Tuesday, 22nd January 2021. PLEASE MENTION THE JOB TITLE IN THE SUBJECT LINE. Please note that ONLY shortlisted candidates will be contacted

 

MLife…..Employer of Choice!!!

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Business

ERB lowers fuel prices amid Kwacha appreciation

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THE Energy Regulation Board (ERB) has announced a downward adjustment in the prices of petrol, diesel, and jet A-I, bringing relief to consumers.

Effective midnight, petrol will be priced at K31.12 per litre, diesel at K28.78 per litre, and jet A-I at K28.23 per litre.

However, the price of kerosene will remain unchanged at K20.44 per litre.

The reduction in the prices have been attributed to the appreciation of the Kwacha which outweighed the increase in international oil prices therefore warranting a reduction in the domestic wholesale and pump prices of petroleum products.

ERB Board chairperson Reynolds Bowa said the price of kerosene has been maintained, adding that the decision on kerosene pricing will be reviewed consistent with the national supply and demand situation.

In a statement, Mr Bowa said over the review period, the Kwacha significantly appreciated against the United States Dollar.

“On average the exchange rate appreciated 14.4 percent. The appreciation was mainly attributed to interest rate hike by the Bank of Zambia (BoZ) and the directive that commercial banks hold back more funds in reserve. Furthermore, BoZ made available additional United States Dollars to the market,” he said.

Mr Bowa said the prices will come into effect at midnight and shall remain in effect until revised by the ERB.

He however said during the month of February the prices of oil on the international market increased.

Mr Bowa said the increase was mainly attributed to supply disruptions arising from geopolitical tensions in the Middle East which led to tightened supply of the commodity.

Meanwhile, the ERB in line with the Energy Policy has developed a bio-fuels pricing framework that will be used on blended fuel.

Mr Bowa said the growth of the biofuel industry will foster security of supply of petroleum products.

“Currently, a pilot phase for bio-ethanol trading has commenced and ERB will give periodic updates on how this programme is unfolding.” he said.

(Mwebantu, Thursday, 29th February, 2024)

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Business

ACC nab senior accountant, businessman 

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A LUSAKA based senior accountant has been arrested by the Anti-Corruption Commission (ACC) alongside a business man for possession of property suspected to be proceeds of crime.

Kasemuka Chiteta, a senior accountant stationed at police headquarters has since been charged with one count of possession of property suspected of being proceeds of crime.

ACC head of corporate communications Timothy Moono said in a statement that Kasemuka Chiteta on dates unknown but between 7th April, 2023 and 12th February 2024 in Lusaka District, concealed possession of a motor vehicle namely Toyota Landcruiser BAD4360 registered under the ownership of Chimuka Chibawe a Lusaka based businessman.

“In a similar development, the ACC has arrested and charged a Lusaka based businessman, Chimuka Chibawe of plot No. 136 C Kalomo road Chilenje” Mr Moono said.

He said Mr Chibawe has been charged with one count of Possession of Property Suspected of Being Proceeds of Crime contrary to Section 71 (1) of the Forfeiture of Proceeds of Crime Act No. 19 of 2010.

“Details of the offence are that, Chimuka Chibawe on dates unknown but between 7th April, 2023 and 12thFebruary 2024 in Lusaka, concealed possession of a motor vehicle namely Toyota Landcruiser BAD4360 registered under his names when the beneficial owner is Mr. Kasemuka Chiteta a Senior Accountant at Police Service Headquarters,” he said.

The pair has since been released on bond pending court appearance.

(Mwebantu, Thursday, 29th February, 2024)

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Business

Experience the Next Level of great entertainment with DStv Step Up!

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IT’s February and still feels like Jan-worry, but we have just the thing for you! Introducing the Step Up campaign, designed to elevate your viewing experience without breaking the bank. Welcome to the big leagues of entertainment!

From January 15th to March 31st, 2024, subscribers have the chance to upgrade their package and enjoy a plethora of additional channels at an unbeatable price.

Here’s a brief overview of how the Step Up campaign works and how you can make the most of your DStv subscription:

What is the Step Up Campaign?

Step Up is a limited-time offer for DStv subscribers. During this campaign, subscribers can upgrade their package to a higher tier and receive a further upgrade to an even higher package within 48 hours of payment. It’s like getting a premium experience at a fraction of the cost, courtesy of DStv!

How does it work?

• If you’re on DStv Lite (K120), upgrading to DStv Access (K190) will bump you up to DStv Family (K345), unlocking lifestyle channels, more music options, top-notch kids’ entertainment, and premium European football coverage.

• Subscribers on DStv Access (K190) who upgrade to DStv Family (K345) will enjoy access to DStv Compact (K520), featuring the best in local content, the Premier League, and more.

• Upgrading from DStv Family (K345) to DStv Compact (K520) grants you a whole month’s access to DStv Compact Plus (K770), offering UEFA Champions League matches, international series on 1Magic, and captivating documentary channels like History Channel.

• Those on DStv Compact who upgrade to DStv Compact Plus (K770) will find themselves enjoying DStv Premium (K1,200), where blockbuster movies, hit series, and premium sports like Tennis, Golf, and F1 await.

Take the leap and Step Up today to indulge in a wide array of entertainment options, experience your favourite shows in high definition, and access exclusive content available only on higher-tier packages.

If you’ve recently been disconnected, fear not! Simply reconnect to one of the eligible packages mentioned above and elevate your viewing experience. Plus, enjoy the convenience of watching your new package on DStv Stream, anytime and anywhere.

Don’t let this opportunity pass you by in the new year. Step Up to a whole new level of entertainment with DStv!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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