Group Risk AdministratorPortfolio AdministratorFund Administrator Cape Town

 

Recruiter:

Execuplace Appointments

Job Ref:

JG

Date posted:

Monday, March 21, 2022

Location:

CapeTown, South Africa

Salary:

R21K p m (R252K p a)


SUMMARY:
Portfolio Administrator - Cape Town - Group Risk Administration Pension Fund exp and group risk - Claims and underwriting

JOB DESCRIPTION:

Our client, a dynamic Financial Services Provider seeks to employ a portfolio administrator - Group Risk Administrator for Cape Town

Position Name Portfolio Administrator
Location Must be able to work from home  and office in

hybrid

Cape Town– own internet setup -uncapped data with at least 10 Mbps speed

Reports to Manager

Purpose of the Job

Responsible for the reconciliation of the monthly membership data vs. premiums due and
received.
• Responsible for initial update in respect of client reconciliation
• Responsible for the submission of all risk benefit claims received and monitoring the process until
claims are paid

Key relationships

• External Insurance Companies / Underwriter Consultants
• Internal and External Brokers
• Internal Staff
Key Responsibilities

Data:
• On a monthly basis ensure premiums and data are received for each scheme
• Ensure the correct updating of the scheme membership data
• Reconcile the monthly membership data (as updated) vs premiums received per scheme
• Ensure strict adherence to the documented processes
• Update membership onto relevant administration platform and ensure this balances to the client
premium reconciliation and data
Reconciliations:
• Prepare and provide premium recons to clients monthly analysing under or over payments
• Perform credit control checks and follow up for over and underpayments
• Follow PPR15 processes by informing clients of non-payment within specified deadline
Claims:
• Action all claims timeously
• Ensure correct execution of all claims in terms of documented processes
• Maintain updated claims workflow systems
• Ensure data records are always correct with regards to PHI claimants
Medicals
• On a monthly basis identify members whose insured benefits are in excess of the Medical Free
Cover Limit on each scheme
• Process medical requests immediately in terms of set guidelines
• Ensure data records are always correct with regards to members whose insured benefits are in
excess of the Medical Free Cover Limit on each scheme
• Maintain updated medicals workflow system
General
• Attend to all other client requests (benefit statements, conversion options, monthly billings etc.)
• Ensure the divisional renewals team is provided with information required to do the annual
renewals on the schemes
• Assist (as and when required) the divisional finance team to ensure that the client reconciliations
of premiums due and received are updated correctly

Preferably with Claims and Underwriting experience

Education/Qualification requirements
• Matric
• Relevant business qualification or equivalent experience
• At least 3 years of relevant working experience
Skills and Knowledge requirements
Skills
Highly Computer literate and thorough knowledge of Excel and its application
• Analytically Inclined
• Accounting Inclined
• Strong Administrative skills
• Problem solving ability
• Good Communication skills
• Professional Independence and assertiveness
Knowledge


• Thorough knowledge of Risk Benefits & Employee Benefit Industry
• Extensive work experience and knowledge linked to the Risk Benefit Industry - claims and underwriting
• Understanding of the Financial Services Industry
Key Attributes
• Integrity: Being ethical and truthful, maintaining good governance practices, and not
misrepresenting or withholding information to which stakeholders are entitled.
Interdependence: The achievement of goals is based on the interrelationship of all the
components of the service delivery chain.
• Client focus: Actions derived from stakeholder needs.
• Organisational Awareness: Understands business plan goals.
• Teamwork: Working cooperatively and productively with others to achieve results.
• Impact and Influence: Persuading, convincing or influencing.
• Fairness: Consistency in dealing with others
• Professional Work Ethic: Always working with diligence, competence, confidentiality, and
reliability.
• Self-managed: able to work without constant supervision
Key Competencies • Ability to interact with persons in junior and senior positions;
• Ability to work under pressure;
• Be a self driven Individual, dynamic, self confident, outgoing and a self-starter with client focussed
attitude;

 

NB! This job is now closed. You can apply for other jobs by uploading your CV.



 

 

 

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