Vanguard Life Assurance (VLA) Company Limited is a fast growing locally registered financial services company which started its operations on 1st January 2001. Its line of business is the provision of financial security through Life Assurance investment solutions and other related financial services. It also has a subsidiary, Vanguard Pension Services Company Limited, which champions reputable administration of pensions.

We have job opportunities in our both Companies and, therefore, seek to recruit suitably qualified and experienced candidates for the following positions:

Position Overview:

Review, evaluate and monitor internal control systems and procedures to ensure that management policies are being complied with, assets are safeguarded, information is maintained in a secure and accurate manner and legal requirements are complied with.

Responsibilities and Duties:

• Perform and control full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations
• Provide assistance in the determination internal audit scope and development of the risk based annual plans.
• Conduct internal audit engagements in line with the approved risk based internal audit plan and the International Professional Practice Framework (Internal Auditing Standards).
• Obtain, analyse and evaluate accounting documentation, previous reports, data, flowcharts etc.
• Act as an objective source of independent advice to ensure validity, legality and goal achievement.
• Identify loopholes and recommend risk aversion measures and cost savings
• Maintain open communication with management and audit committee
• Engage to continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards
• Review the effectiveness and efficiency of internal operations, policies and controls in safeguarding company assets and achievement of objectives.
• Assist the Head of Audit in the coordination of the activities of the Audit Committee including preparation of the quarterly board packs
• Review compliance with approved established systems, policies and procedures, laws and regulations and report on non-compliance and recommending corrective measures.
• Conduct risk assessments on all new and existing projects under the Group.
• Conduct follow up audits to monitor management’s interventions on raised audit and other regulatory issues.
• Compile Audit reports and following up on agreed action plans on raised audit issues.
• Conduct special audit assignments and investigations

Required Qualifications and Attributes

• Minimum of a Bachelor’s Degree in Internal Audit/Accounting/Finance, or any other related discipline;
• Studying towards a professional course like ACCA, CIA, CIMA;
• Member of the Institute of Internal Auditors;
• At least 3 – 5 years working experience in an Internal Audit or Accounting environment;
• Advanced computer skills in MS Office, Accounting software/packages and databases;
• Ability to manipulate large amounts of data and to compile detailed reports;
• Knowledge of auditing standards and procedures, laws, rules and regulations;
• High attention to detail and excellent analytical skills; Sound independent judgement.

Position Overview:

To provide a comprehensive and confidential Secretarial services to the General Manager for the Pension Services Company, assist in the general running of the General Manager’s office.

Responsibilities and Duties:

• Do general secretarial duties
• Coordinate functions e.g. arrange Board Meetings and Cocktails, Organize In-House luncheons for invited guests, Arrange for the food and refreshments, etc.
• Manage travel and accommodation programme for the General Manager.
• Manager the General Manager’s diary.
• Supervise the Receptionist, Messenger and cleaner

Required Qualifications and Attributes:

• A minimum of an Executive Secretarial Diploma At least 3 years working experience in a related position
• Computer skills including MS Office
• Excellent organizational and time-management skills
• High level integrity and confidentiality
• Excellent interpersonal and communication skills.

Position Overview:

The incumbent is responsible for ensuring the smooth functioning of the operations in the department. The Supervisor primarily checks and reviews all the work done in the IL department before submitting to the Assistant Manager

Responsibilities and Duties:

• Check and review all the work done in the department before submitting to the Assistant Manager – IL Administration
• Monitor the performance of team members by setting performance goals and conduct regular evaluations.
• Ensure all captured policies and respective endorsements are authorized.
• Assesses validity of every claim to ensure that all supporting documents for each claim are received.
• Prepare monthly and annual reports i.e. (loans report, death report, valuation report, Customer Matrix report, EMM
  Report.)
• Manage general correspondence and queries, advising clients on policy status, revivals & refunds.
• Update collected loans on the Schedule Monthly (NBM,STD,NBS,FDH,First Capital, Stop order and Cash)
• Provide training to new employees on customer portal system and payment solution system, and Premia System.

Required Qualifications, Experience, and Attributes:

• Bachelor of Business Administration, marketing or equivalent Diploma in Insurance
• A minimum of 2 year relevant work experience Member of the Insurance Institute of Malawi
• Knowledge in insurance principles, products on offer and the insurance act is required
• Comprehensive product knowledge, applied experience in such fields as administration, an appreciation of underwriting and claims processing
• Strong working knowledge of insurance and also product knowledge to be able to serve clients.
• Team work
• Good communication skills is also needed when following up premiums from clients who skipped loan repayments

4. Position : Premium Administration Officer (2 positions)
Reporting to : Supervisor – Individual Life Administration
Direct Subordinate : None
Contract Type : Full Time
Location: Blantyre

Position Overview:

The incumbent is responsible for submitting billing to various banks for processing.

Responsibilities and Duties:

• Submit billing to various banks for processing.
• Update the billing schedules when they are additions and exits.
• Reconcile premium received against premium applied monthly.
• Do premium application for individual receipts on monthly basis
• Process policy loans.
• Process agents monthly commission.
• Send clients reminders on premium arrears

Required Qualifications, Experience, and Attributes:

• Bachelor of Business Administration, Marketing or equivalent Diploma in Insurance or equivalent
• Minimum of 1 year experience
• Time management
• Ability to work with minimal supervision.
• Attention to detail.
• Good communication skills.

5. Position : Employee Benefits Consultant (2 positions)
Reporting to : Group Business Marketing Manager
Direct Subordinate : None
Contract Type: Full Time
Location: Mzuzu and Lilongwe

Position Overview:

The incumbent shall be responsible for servicing existing clients and marketing Pension and Group Life Assurance products.

Responsibilities and Duties:

• Review market and product design
• Conduct Technical Training
• Service clients
• Conserve Business
• Do public relations on pensions and corporate
• Attend Funds and Board of Trustees Meetings
• Play employees’ advisory services
• Champion Know Your Customer (KYC)/anti-money laundering
• Manage debts
• Write reports and returns
• Prepare pensions marketing budget and ensure that budget is adhered to.
• Present reports to clients and other statutory requirements

Required Qualifications and Attributes

• Minimum of Degree in Marketing or Business Administration and a Diploma in Insurance (CII) or studying towards an insurance diploma
• At least 5 years experience in insurance industry Good Public Relations and Communication Skills
• Effective selling and Marketing skills

Qualified and interested candidates should apply to the address below, enclosing copies of relevant academic and professional certificates, and curriculum vitae indicating three names of traceable referees with valid telephone numbers and email addresses. All applications must reach the addressee by close of business on Friday, 20th September 2024.

The Human Resources Officer
Vanguard Life Assurance Company Ltd
Old Air Malawi Building
Robins Road
P.O. Box 1625
BLANTYRE

OR

Email: recruitment@vanguardlifemw.com

“Vanguard Life Assurance Company Limited is an equal opportunity employer, so, all qualified applicants will receive consideration for employment on merit without regard to race, colour, religion, gender, tribe, disability status, or any other characteristic protected by law.”