Premium Clerk

2 weeks ago


Cape Town, Western Cape, South Africa Lion of Africa Life Assurance Company Full time
We are hiring a
premium clerk for our office based in Cape Town.

Responsibilities:

BILLING - Active polices to be debited in accordance to the Masterfile.

  • Bill clients
BANK ALLOCATION - Allocate funds which flow in and out of the business across the various bank accounts.

RECONCILLIATION - Facilitate and prepare each recon sheet by reconciling premiums received against expected data. - Collect member data from Group Schemes - Request amendments, new member data and cancellations from the client. - Update on applicable recon/system. - Extract/ compile member statement for relevant month. - Compile invoice. - Send invoice and full member data list to client.

REFUNDS - Validate request for refund. - Refund relevant premium amounts to client.

COMMISSION - Facilitate and prepare each recon sheet by reconciling premiums received against expected data. - Collect member data from Group Schemes

PREMIUM RECOVER AND RETENTION - Send missed premium notification across all payment platforms. - Liaise with clients to recover outstanding premiums

QUERIES - Respond to all customer queries in a timeous manner as stipulated by SLA.


COMPILATION OF FULL MEMBER LIST FOR THIRD PARTY SERVICE PROVIDER - Complete payment histories and member data is used as a basis to compile the final member count for invoicing.


Competencies:

  • Computer Literacy (Outlook, Word and advanced excel)
  • Proficient and accurate data entry skills required


Banking
  • Basic Insurance
  • Good understanding of Policy Administration Systems Page 2 of 2 HR
  • Good understanding of Premium administration
  • Assertiveness
  • Empathy
  • Service excellence
  • Ability to effectively adapt to change
  • Deadlinedriven and possess a good followthrough on tasks
  • Ability to work under pressure at a fast pace
  • Work according to set policies and procedures

Qualification and Experience:

  • Minimum of 6month general premium admin experience
  • General Insurance knowledge preferred
  • Accounting would be advantageous

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