New Business Processing and Policy Servicing Administration - Port Elizabeth
Well established company is looking to employ a qualified and professional Underwriter with 2 to 3 years Life Insurance Experience to join their dynamic team. Main job tasks and responsibilities: Obtaining 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 very important as 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 in terms of new business issued or finalized instructions Communication with clients (written and verbal) Required Skills Life Insurance Experience: 2 to 3 years Education / Experience / Knowledge Requirements: Grade 12 qualification RE5 examination Full Financial / Insurance Qualification advantageous Be Fully bilingual (English & Afrikaans) Computer skills and knowledge (especially of Word, Excel, Outlook, Internet) Knowledge of 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 it is vital that the correct commission is applied. Know the difference between the maximum and minimum on each product Should you wish to apply please email your CV through to Erin Bentz at erinprofilepersonnel.co.za Only shortlisted candidates will be contacted. Should you not receive a response within 14 days please consider your application unsuccessful. We will keep your CV on our database for any other relevant roles that may arise.
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