Job Description
The Job entails managing corporate client’s portfolio. This includes onboarding process, cover confirmation, Renewal/retention, premium collection management. In addition, the role entails building strong relationship with direct clients and various distribution channels (Brokers, Bancassurance and other agencies) to ensure retentions are achieved.
The role will play key focus on scheme retention through robust engagements, relationships through prior discussion with other scheme administrators, clients , intermediaries and Business development teams.
KEY TASKS AND RESPONSIBILITIES
Retentions – Managing renewal to ensure high retentions
New business onboarding process in line with laid processes i.e KYC and AML guidelines.
Preparation of costing schedules for group risk schemes based on data provided by the brokers or clients and raising the invoice in the system.
Follow ups on premium payments in conjunction with the credit control teams.
In liaison with Legal teams ensure timely contract executions and sign offs
Preparing policy documents/renewal endorsements and ensuring scheme records are maintained both in various scheme files as well operating IT system.
Preparation of monthly reports as required i.e managements, finance, actuarial and reassurance.
Managing the last Expense client portfolios both direct, digital or through the various distribution channels.
Carry out member education to create awareness of the benefit scope and day to day scheme management.
Prepare letters for members whose sum assured are above FCL and ensure follow up with client/intermediaries.
Liase with underwriting team for cover acceptance and ensure underwriting terms are shared with the scheme.
Daily scheme management i.e query management within TAT, adding new members to the scheme/Deleting exits and raising debit/credit note as required.
Ensuring adequate scheme reassurance placement is done for all new business and renewal as per the treaty.
Provide quarterly reports to the brokers and clients.
Follow up with brokers and clients to ensure timely payment of premium.
Carry out premium reconciliation and prepare premium statements for the clients to adequate cover
Analyse reported claims to ensure the scheme and the members was fully declared prior to claim occurring.
Prepare commissions payments for our brokers and agents.
Provide quality customer service to both internal and external clients.
Preparation and production of monthly schemes management reports.
Liaise with brokers and direct clients and respond promptly to verbal, written and telephone enquiries on policy benefits and operation.
Producing quarterly reinsurance reports to the Reasurers.
Any other roles assigned by the supervisor
SKILLS AND COMPETENCIES
Good communication skills
Computer literate
Good assessment and analytical skills
Ability to interact at all levels
Knowledge of insurance market
Report writing and presentation skills Good product knowledge
KNOWLEDGE & EXPERIENCE
Product and process knowledge
Possess strong verbal and written communication skills
Ability to work as part of a team
Proven analytical skill
Possess excellent arithmetic skills.Self-starter who shows initiative and is able to work under minimal supervision
QUALIFICATIONS
Undergraduate Degree in Commerce (Insurance Option), Actuarial Science or Business related.
Professional qualifications in Insurance such as AIIK,CII, COP added advantage.
At least 2 years’ experience in a similar role.
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