the jig head goes on with the hook going through the back.. on my eel, the back is the flat side. I dont think you need a 2nd hook with my 8.5 inch eel, but on my 12 inch eel which i am about to release you should rig a rear hook- a 6/0 or 7/0 live bait hook would be best and with that hook you want it to stick out of the belly- this will act like a keel. So the front hook us up and the rear hook is down...When you slide the jighead on, make sure to use some zapagap to keep it all together- alot of casting may rip the rubber and the eel may slide around if you dont use glue.
oh- like canalman says, the rear facing loop is to tie off the leader-
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