Description:
We invite candidates to apply for the New Business Processing and policy Servicing Administrator position in Port Elizabeth. Main job tasks and responsibilities:- Obtaining the latest values from companies and knowing the different products.
- Completion of New Business applications and processing thereof
- Drafting and emailing New Business letters to clients
- Following up on Underwriting requirements re: Risk new Business applications
- Processing Conversions
- Handling New Business Transfers
- Investment Ad hoc applications and switches/rebalances
- Obtaining Outstanding FICA and savings Compliance
- Updating of portfolios once the new business/alterations issues – accuracy in data/value capturing. Attention to detail is significant as the company will be held liable if incorrect amounts are quoted.
- Updating registers (New business, transfer and investment registers, compliance registers, etc.)
- Drafting and sending out of Final letters to client i.t.o. new business issued or finalized instructions.
- Communication with clients (written and verbal).
- Life Insurance Experience: 2 to 3 years.
- Grade 12 qualification.
- RE5 examination.
- Full Financial / Insurance Qualification advantageous.
- Be Fully bilingual (English & Afrikaans).
- Computer skills and knowledge (especially of Word, Excel, Outlook, and Internet).
- Knowledge of the operation of standard office equipment.
- Knowledge of clerical and administrative procedures and systems, such as filing and proper record-keeping.
- Knowledge of principles and practices of basic office/administrative management.
- Life Assurance products – Know the different types of insurance products, limits, and restrictions.
- Tax implications and benefits – How tax will be applied in the event of retirements/death/disability / fringe benefits (and when benefits will be tax deductible).
- Investments - Know and understand how to read market movements and fluctuations, income revisions and portfolio rebalances and/or switches).
- Commission structures – Different commission applies to different products therefore the correct commission must be applied. Know the difference between the maximum and minimum on each product.
Requirements:
- Obtaining the latest values from companies and knowing the different products.
- Completion of New Business applications and processing thereof
- Drafting and emailing New Business letters to clients
- Following up on Underwriting requirements re: Risk new Business applications
- Processing Conversions
- Handling New Business Transfers
- Investment Ad hoc applications and switches/rebalances
- Obtaining Outstanding FICA and savings Compliance
- Updating of portfolios once the new business/alterations issues – accuracy in data/value capturing. Attention to detail is significant as the company will be held liable if incorrect amounts are quoted.
- Updating registers (New business, transfer and investment registers, compliance registers, etc.)
- Drafting and sending out of Final letters to client i.t.o. new business issued or finalized instructions.
- Communication with clients (written and verbal).
- Life Insurance Experience: 2 to 3 years.
- Grade 12 qualification.
- RE5 examination.
- Full Financial / Insurance Qualification advantageous.
- Be Fully bilingual (English & Afrikaans).
- Computer skills and knowledge (especially of Word, Excel, Outlook, and Internet).
- Knowledge of the operation of standard office equipment.
- Knowledge of clerical and administrative procedures and systems, such as filing and proper record-keeping.
- Knowledge of principles and practices of basic office/administrative management.
- Life Assurance products – Know the different types of insurance products, limits, and restrictions.
- Tax implications and benefits – How tax will be applied in the event of retirements/death/disability / fringe benefits (and when benefits will be tax deductible).
- Investments - Know and understand how to read market movements and fluctuations, income revisions and portfolio rebalances and/or switches).
- Commission structures – Different commission applies to different products therefore the correct commission must be applied. Know the difference between the maximum and minimum on each product.
22 Apr 2024;
from:
careers24.com