Short Description

Positions: 1
Grade: OG-II
Department: Central Finance & Accounts

Role Overview

The Insurance Executive will be responsible for managing insurance operations related to loan products and employee-related claims. This role involves handling insurance coverage arrangements, claims processing, documentation management, and coordination with internal departments and insurance surveyors to ensure smooth operations.

Key Responsibilities

Insurance Operations

• Manage daily operations related to product insurance.

• Maintain and update MIS records for insurance activities.

• Verify the sum insured amount against each reported loan.

• Arrange insurance coverage for loan portfolios.

• Process insurance invoices and manage policy renewals.

• Maintain accurate documentation related to insurance products.

• Perform reconciliation of insurance product General Ledger (GL) accounts.

Claims Management

• Handle Employee Infidelity Claims and other claims under the BBB (Bankers Blanket Bond) policy.

• Process insurance claims from lodgment to settlement.

• Coordinate with insurance surveyors for claim verification.

• Communicate with relevant departments to complete claim documentation.

• Track claim progress and ensure timely resolution.

What the Insurance Executive Will Do

• Manage insurance arrangements and claims processing.

• Oversee daily operations of insurance products, including data collection and coverage management.

• Handle claims lodgment, documentation, and correspondence with insurance providers.

• Ensure compliance with regulatory and internal documentation requirements.

What We Are Looking For

The ideal candidate should have strong analytical and organizational skills with experience in insurance management and claims processing.

Requirements

• Experience in insurance arrangements and claims processing, particularly infidelity claims and BBB policy claims.

• Ability to maintain accurate and organized claim records.

• Prepare comprehensive claim reports with findings and recommendations.

• Strong communication skills to coordinate with internal teams and insurance partners.

• Ability to manage multiple tasks while ensuring timely claim resolution.

Job Location

Head Office

About MMBL

Mobilink Microfinance Bank Ltd. provides banking services to 48+ million registered users, including 20+ million monthly active customers across Pakistan.

With a hybrid model combining microfinance and digital banking, MMBL operates:

• 114+ branches

• 270,000 branchless banking agents

The bank offers a wide range of services including:

• Savings accounts

• MSME loans

• Small housing loans

• Remittances

• Utility bill collections

• Mobile wallets

• Insurance services

• G2P, B2B, and B2P payments

MMBL plays a significant role in promoting financial inclusion across Pakistan.

The organization promotes a workplace culture that values:

• Innovation and entrepreneurship

• Teamwork and collaboration

• Customer-centric service

Why Join MMBL?

This is an opportunity to contribute to a mission-driven organization working to empower millions through digital financial services. MMBL is looking for passionate individuals who want to drive innovation and create meaningful impact in the financial sector.