Latest Job Opening at The Capital Group Ltd
POSITION: Premium Admin Officers
To supervise and ensure that the institution’s whole premium administration is properly managed in collaboration with all banks in the country. Ensure that premiums received are properly accounted for and credited to policyholders in consultation with the underwriting department.
Key responsibilities.
- Supports the examination and reconciliation of FIC premium account discrepancies.
- Maintaining and applying multiple commission rates to compute premiums payable.
- Monitors outstanding unpaid client premiums.
- Address non-payment concerns with clients.
- Assesses client payment history and, if necessary, conducts insurance cancellation due to non-payment of premiums.
- Supervise the team to guarantee that banks receive premium deduction letters in accordance with the clients’ agreements.
- Process the necessary deductions.
- Conduct regular audits to ensure that the total policies issued match the total policies supplied to banks.
- Collect premiums from banks in accordance with direct debit instructions.
- Ensure that any premiums collected are properly lodged at the banks as specified.
- Monthly updates on premium and policy movements.
- Resubmit application forms and notify banks of changes in premiums and deletions.
- Negotiate new deductions/start a new Direct Debit Deduction.
- Arrange regular meetings with the various banks’ relationship managers to ensure that service delivery is efficient.
- Perform any other duties given by the CHIEF OPERATIONS OFFICER.
Requirements
- A solid first degree in Banking and Finance, Accounting, or HND (Accounting Option).
- At least three (3) years of relevant job experience in the insurance industry.
- Must be a good team player who prioritises customer service.
- Having a great degree of integrity.
- Good at Excel
How to Apply for this Job Opening at The Capital Group Ltd
Closing Date: March 15, 2024
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