About the position
The Junior Portfolio Administrator provides administration support in the implementation of insurance portfolio management, with emphasis on administration of the export credit incentive scheme, administration of drawdown, premium invoicing and collection, accurate and timely information on the performance of projects supported by the company, with emphasis on portfolio analysis and monitoring compliance to the company insurance policies and highlighting risk changes. The activities of this job contribute towards the achievement of monthly deliverables according to the objectives as set out in the Unit strategic and operational plan.
QUALIFICATIONS & EXPERIENCE
- A Bachelor's degree in Accountancy, Finance, or related qualification.
- 3 years working experience in the financial services industry.
- FIAS accreditation would be an added advantage
KEY ACCOUNTABILITIES, MEASURES & INTERFACES
Key Accountabilities
- Calculate premium and confirm principle with the insured.
- Liaise with the finance unit to ensure timely invoicing of premiums.
- Ensure timely collection of premium; and calculate penalty interest.
- Set-up the provisional draw down profile, verify drawdowns against bank declaration and update repayment profile.
- Monitor and follow-up policy declarations according schedule repayments.
- Collect input for and calculation IMU rates, monthly.
- Publish IMU quotation, monthly.
- Process IMU claims and ensure timely payments.
- Prepare monthly IMU cashflow and reconcile against payments.
- Assist with ad-hoc PMWU activities and enquiries, where required.
- Monthly reporting to Actuarial Unit and Finance Unit
- Quarterly reporting to the Actuarial Unit, Finance Unit, and Risk Unit
- Monitor SA content achieved by processing SA content declarations.
- Prepare a multi-year exposure forecast provided to the National Treasury for Company's Contingent Liability, annually.
- Prepare presentations and reports to Company stakeholders.
- Prepare annual premium budget and monitor budget variances quarterly.
- Perform portfolio monitoring and identify potential adverse information.
- Facilitate the processing of waiver and contract amendment requests.
- Prepare and present recommendations on contract and debt restructuring.
- Prepare quarterly management reports for EXCO and Board.
Key Measures
- Accurate calculation of premium and IMU claims.
- Timely collection of premiums.
- Clients adherence to declarations obligations.
- Raise adverse information timely.
- Accurate portfolio information.
- Clients' adherence to insurance policy reporting obligation.
- Mitigation of default risk
- Monitor and restructure projects in distress.
Key Interfaces
- PMWU peers, Company Executives and Managers;
- Other business units particularly Marketing and stakeholder management, Legal Unit, ICT Unit, Risk Management Unit, Underwriting Unit and PEAR.
- Insured lenders and investors.
- Exporters.
Desired Skills:
- Administrator
- Finance
- Accountancy
About The Employer:
Join a well-established insurance company.
