Broker Support Administrator: Reinsurance
3 days ago
**Job Summary**:
Aon Re South Africa Pty Ltd has an exciting opportunity for a Broker Support Administrator (Facultative) at our offices in Sandton. The primary role of the Broker Support Administrator is to assist in producing and/or providing quality checks in respect to documentation and transactional activities required to support the placement of business.
This position complies with our Employment Equity policies.
**Key Responsibilities**:
Technically adhere to internal Audit & Compliance requirements.
Produce final documentation to confirm coverage to clients.
Collect and analyse relevant information and prepare market submissions as well as presentations for new business and/ or renewals.
Draft renewal proposals.
Acquire quotations for cover from the market.
Accompany the Brokers to client visits when required.
Assist in tender processes and preparation for potential new clients - this includes doing research to understand clients’ needs and portfolio.
Do amendments on contract wordings, issue endorsements, send cover slips to Reinsurers and issue cover notes to clients.
Take ownership and initiative in resolving queries and problems efficiently.
Prepare and update performance statistics quarterly or when required.
Process clients’ contracts and documentation on GRIDS system.
Liaise with internal teams to follow up on invoicing, premium payments, allocation of cash, analysis of client portfolios etc.
Get involved in claims queries when required.
Submit contract documentation directly to clients and make mandatory follow ups on outstanding documentation.
Appropriate record keeping.
Review and check reinsurance documentation to ensure that it satisfies client requirements and other regulatory standards.
Build positive relationships with clients and reinsurers.
Responsible for engaging in business development and/or contributing directly or indirectly to all business development efforts in Aon South Africa.
**Minimum Requirements**:
**Qualifications**:
Grade 12 (matric).
An appropriate NQF level 4 FAIS/ short-term insurance qualification.
Be registered as a representative with the FSCA in terms of the FAIS Act.
Preferably a relevant bachelor’s degree in insurance and/ or risk management.
First level regulatory examination for representatives.
**Knowledge**:
Have a sound knowledge in respect of reinsurance.
Excellent knowledge of policy wordings.
An in-depth strategic knowledge of industry and business strategies and company goals.
Computer literacy with advanced experience in MS Word and Excel.
**Skills and Attributes**:
Well-developed analytical skills.
Reasoned communicator.
Well-developed interpersonal and organizational skills. (Written and spoken).
Ability to work with and in teams.
**Experience**:
Have 3 to 5 years’ relevant reinsurance experience.
**FAIS Compliance**:
Comply with the applicable Fit and Proper provisions as set out in the Board Notice 106 of 2008 issued by the Financial Services Board governing Financial Advisory and Intermediary services Act, 2002 - Determination of Fit and Proper requirements for Financial Service Providers, 2008.
Have knowledge and understanding of the applicable provisions set out in the General Code of Conduct for Authorized Financial Services Providers and Representatives (as governed by the Financial Services Board, Board Notice 80 of 2003).
Have knowledge and understanding of the applicable provisions set out in the Short-Term Insurance Act No 53 of 1998 and supporting regulations.
Understand the provisions of the Financial Intelligence Centre Act (FICA), No 38 of 2001 and amendments thereof.
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