About the position
A well-established company is recruiting for a PURPOSE OF THE JOB RESPONSIBILITIES & DUTIES: Financial Administration QUALIFICATION & EXPERIENCE Please send your cv and supporting documents to [Email Address Removed].
PREMIUMS CLERK
CAPE TOWN
The Premiums Clerk is responsible for ensuring the accurate collection of contributions from participating Employers and Members. Billing, reconciling and recording of payments through proper member premium/contribution allocation and actioning of age analysis
Obtain, match and receipt of payment schedule
Match and reconcile payments received against Scheme bank statement
Allocation of Employer group or member payment to accounting month
Investigate any discrepancies of member contributions
Review individual contribution breakdowns
Action discrepancies against proforma billing statement
Action membership related queries related to the proforma billing statement
Action and lift suspensions, terminate and reinstate members where applicable
Manage the age analysis
Prepare employer and member refunds, and transfer of credits journals, when applicable
Submit write-off for approval, when required
Update and maintain accurate folders for payment schedules, billing statements, control sheets and late payments
Communication
Action and lift Employer group suspensions
Distributes monthly employer billing statement with member discrepancies
Liaise with Employer Groups, Broker Consultants, Sales and Servicing Consultants, Members and external Pension Fund Administrators
Indexing and actioning of all communication received from Employer groups and members
Distribute increase of contribution notification to Employers
Issue monthly late-payment correspondence and follow-ups of non-payments
Distribute new annual contribution rates
Support with receiving accurate membership information (i.e., salary information, employee numbers etc.) as and when required
Collection
Maintain a 98% collection ratio for all Employer Groups
Collects any arrear payments
Follow-up with employer groups (in the event of non-payment, short-payment, or incorrect payment schedule)
Verification
Check Scheme Bank statement for payments relating to current and arrear contributions
Ensure salary updated are received timeously for correct billing
Testing of annual contributions
Testing of accurate taxations
Matric
Certificates in Debtors or Creditors Management
2 - 3 years' experience in the Healthcare industry or similar environment
Reconciliation and matching experience
Debtors and Creditors experience essential
If you have not received any feedback within 2 weeks please assume that your application was not successful
Desired Skills:
- premiums
- collections
