New Business & Policy Servicing Admin
Top Vitae Recruitment
- Port Elizabeth, Eastern Cape
- Permanent
- Full-time
- Assist with completion of New Business applications and processing thereof.
- Assist with preparation of Compliance related documentation.
- Process and submit new business to relevant Assurers and Investment houses and regularly complete & update the New Business register.
- Scanning and electronic saving of various NB related documents & Compliance documentation
- Follow up on Underwriting requirements re: Risk new Business applications and ensure the client complies with requirements from Assurers.
- Liaise with all Sales Executives and Financial advisors upon receiving terms on risk cases and compile counteroffer, break down and/or comparison between old and new product where replacement is applicable.
- Follow up on all Pre- & Post Retirement products and ensure the transaction issues accurately including fees.
- Follow up on all Investment transfers and ensure the transaction issues accurately including fees.
- Follow up on all new & Ad hoc Investment applications ensure the transaction issues accurately including fees.
- Ensure that the NB Outstanding underwriting & Transfer register is updated at all times.
- Generation of progress report on all outstanding underwriting and transfers/investments for onward delivery to the team and financial advisors
- Updating of portfolios once the new business/alterations issues – accuracy in data/value capturing. Attention to detail is very important as company will be held liable if incorrect amounts are quoted.
- All other reasonable duties that might be assigned from time to time.
- Grade 12-qualification
- Be Fully bilingual (English & Afrikaans)
- RE5 Examination is advantageous.
- Full relevant tertiary qualification (NQF Level 5) advantageous
- Driver’s License essential
- Computer skills and knowledge (especially of Word, Excel, Outlook, Internet)
- 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/fluctuations; income revisions and portfolio rebalances/switches).
- Commission structures – Different commission applies to different products therefore it is vital that the correct commission is applied. Know the difference between the maximum and minimum on each product.
- Corporate Benefit knowledge would be advantageous