The Capital Group Limited Invites Job Applications
Position: PREMIUM ADMIN OFFICER
Job Description.
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.
- Facilitates analysis and reconciliation of FIC premium account discrepancies.
- Using various commission rates to compute premiums payable.
- Monitors unpaid client premiums.
- Handle non-payment concerns with clients.
- Evaluates client payment history and cancels policies for non-payment of premiums as needed.
- Supervise team to ensure banks receive premium deduction letters as per client agreement.
- Process mandatory deductions.
- Conduct frequent audits to ensure that total policies issued match those supplied to banks.
- Collect premiums from banks using direct debit instructions.
- Ensure all collected premiums are properly deposited in the designated banks.
- Monthly updates on premium and policy movements.
- Resubmit application forms and notify banks about changes in premiums and deletions.
- Negotiate new deductions or initiate new Direct Debit Deduction.
- Schedule regular meetings with bank relationship managers to guarantee effective service delivery.
- Other duties assigned by the Chief Operations Officer.
Requirements
- A solid first degree in Banking and Finance, Accounting, or HND (Accounting Option).
- At least three years of relevant job experience in the insurance industry.
- Demonstrates strong teamwork and customer service skills.
- High integrity.
- Skilled in Excel
How to Apply for this The Capital Group Limited Job
Closing Date: April 30, 2024
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