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PREMIUM ADMINISTRATOR (2725 EI PREM)

Overview

Reference
2725 EI PREM

Salary
ZAR/month

Job Location
- South Africa -- Johannesburg Metro -- Johannesburg -- Bryanston

Job Type
Permanent

Posted
23 April 2025

Closing date
04 May 2025 21:59


A well know company in the insurance industry requires a PREMIUM ADMINISTRATOR. Your:

Formal Education:

  • Grade 12 or equivalent
  • Finance related qualification

Experience:

  • 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 advantage

Language Requirements:

  • Verbal and written communication in English and Afrikaans

Knowledge:

  • 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 POPIA

will enable you to:

Unpaids:

  • Notify the relevant underwriter
  • Cancel if rules dictate
  • Ensure that clients are informed of the double debit/forced debit/cancellation

Bank 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 days

Refunds:

  • Ensuring that the refund is a valid refund
  • Recording and processing refunds on Policy Administration system
  • Send refund to FM to be released

Insurer Payments:

  • Downloading bordereaux
  • Preparing schedule of payments to insurers
  • Emailing bordereaux’s to the insurers

Off Platform / Non-Binder / No-Collection Policies:

  • Allocating premiums received directly by insurers using commission statements as reference

Maintain 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 delivered

Continuous improvement to ensure effective service:

  • Ensure adherence to organizational policies, practices and procedures
  • Identify and recommend areas / ways to improve processes


Contact information

Christo van der Merwe