Financial Insurance Admin Team Leader - Durban, South Africa - Six Sense

Six Sense

Verified Company

Durban, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

KwaZulu Natal, Durban

Annually Cost To Company (Market related)

Well established short term insurance business is seeking an Financial Insurance Admin Team Leader

Qualifications and Requirements:

FINANCIAL INSURANCE DUTIES:

You will be responsible for the following:

Sign off monthly collection tapes and release in Qsure
Sign off bank reconciliations per business unit
Sign off premium payment bordereaux
Sign off Broker commissions and fees (based off income sheets)
Sign off agents/ subagents
Release payments made on Qsure (Ad hoc collections, refunds, insurer/premium)
Requesting any changes on Qsure
Manage Insurer agreements, beneficiaries, users.
Manage any integration between SystemA and Qsure (Fusion)
Assist with insurer queries
Understand business unit requirements to assist brokers on the best way to load a policy
Keep Internal TIAL admin abreast of any changes in insurance that must be affected within SystemA. (Compliance, changes to reporting that insurer request)
Understand the business rules and assist the business analyst with any queries relating to the financials of the respective business unit.
Implement any rule changes with the business analysist to ensure the revenue is captured correctly in the financials
Assist with reporting in PowerBi for anomaly reporting (GEAR/One Loyalty/SASRIA)
Assist with any query relating to premium bordereaux.
Liaise with TIAL regarding any amendments or additions to reporting, this includes the information as well as formatting required by the insurer.
Liaise with TIAL regarding the setup and amendments to data dumps sent to insurers to ensure that the information balance back to the premium payment bordereaux
Keep up to date and understand new products coming through. Setup of the product as well as the disbursements of funds to relevant beneficiaries
Assist with the automation of payments (finance app)
Update processes to include automation
AD HOC
Manage staff

DEBTORS/CREDITORS:

You will be responsible for the following:

Ensure proper debtor's controls are implemented and adhered to thus reducing the risk of bad debt and late collections.
Ensure proper payment controls are implemented and adhered to thus reducing the risk of over payment, early payment, fraudulent payment, and misallocations to policies.
Propose and implement improvements in internal controls to facilitate accurate and timely reporting.

GENERAL:

You will be responsible for the following:

Develop external relationships with appropriate contacts (insurers, bankers, and brokers)
Keep abreast of changes in financial regulations and legislation.
Develop operational mechanisms that minimize financial risk.

FINANCIAL INSURANCE DUTIES:

You will be responsible for the following:
Sign off monthly collection tapes and release in Qsure

Sign off bank reconciliations per business unit

Sign off premium payment bordereaux

Sign off Broker commissions and fees (based off income sheets)

Sign off agents/ subagents

Release payments made on Qsure (Ad hoc collections, refunds, insurer/premium)

Requesting any changes on Qsure

Manage Insurer agreements, beneficiaries, users.

Manage any integration between SystemA and Qsure (Fusion)

Assist with insurer queries

Understand business unit requirements to assist brokers on the best way to load a policy

Keep Internal TIAL admin abreast of any changes in insurance that must be affected within SystemA. (Compliance, changes to reporting that insurer request)

Understand the business rules and assist the business analyst with any queries relating to the financials of the respective business unit.

Implement any rule changes with the business analysist to ensure the revenue is captured correctly in the financials

Assist with reporting in PowerBi for anomaly reporting (GEAR/One Loyalty/SASRIA)

Assist with any query relating to premium bordereaux.

Liaise with TIAL regarding any amendments or additions to reporting, this includes the information as well as formatting required by the insurer.

Liaise with TIAL regarding the setup and amendments to data dumps sent to insurers to ensure that the information balance back to the premium payment bordereaux

Keep up to date and understand new products coming through. Setup of the product as well as the disbursements of funds to relevant beneficiaries

Assist with the automation of payments (finance app)

Update processes to include automation

AD HOC
Manage staff

DEBTORS/CREDITORS:

You will be responsible for the following:
Ensure proper debtor's controls are implemented and adhered to thus reducing the risk of bad debt and late collections.

Ensure proper payment controls are implemented and adhered to thus reducing the risk of over payment, early payment, fraudulent payment, and misallocations to policies.

Propose and implement improvements in internal controls to facilitate accurate and timely reporting.

GENERAL:
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