Description:
A well know company in the insurance industry requires a PREMIUM ADMINISTRATOR. Your:
Language Requirements:
Verbal and written communication in English and AfrikaansFormal Education:
Grade 12 or equivalent Finance related qualificationExperience:
Minimum of 4 years experience as a Premium Administrator/Accounts assistant in insurance brokerage/ administrator Strong Excel Skills Premium collection and Bordereaux experience is an advantageKnowledge:
Clear understanding of short term insurance and premium flows in a mandated binder brokerage Understanding of the financial services industry Proficient in Microsoft Office Suite (Word, PowerPoint, Outlook, and Excel) Understanding of FICA and POPIAwill enable you to:
Unpaids:
Notify the relevant underwriter Cancel if rules dictate Ensure that clients are informed of the double debit/forced debit/cancellationBank Statements:
Allocating all deposits reflected on the daily bank statement received from premium collection house Managing the age analysis and communicating with underwriters Taking appropriate action on policies outstanding over 45 daysRefunds:
Ensuring that the refund is a valid refund Recording and processing refunds on Policy Administration system Send refund to FM to be releasedInsurer Payments:
Downloading bordereaux Preparing schedule of payments to insurers Emailing bordereauxs to the insurersOff Platform / Non-Binder / No-Collection Policies:
Allocating premiums received directly by insurers using commission statements as referenceMaintain effective people practices:
Align own behaviour with the organization culture and values Share and transfer product, process and systems knowledge to colleagues Collaborate and work with the Claims team to ensure required service levels are deliveredContinuous improvement to ensure effective service:
Ensure adherence to organizational policies, practices and procedures Identify and recommend areas / ways to improve processes
06 May 2025;
from:
gumtree.co.za